Shares surged 3.06% to ₹177 on the NSE, buoyed by Sterling & Wilson Renewable Energy’s turnaround to a ₹19.2 crore net profit in FY27 Q2.
Revenue slipped 12.6% YoY to ₹1,527.5 crore, yet EBITDA leapt to ₹56 crore, lifting the margin to 3.7% from 0.2% a year earlier.
The company also posted a ₹70 crore profit after tax for the first half of FY27, compared with a ₹439 crore loss a year earlier. Its unexecuted order book rose 34% YoY to ₹12,480 crore, underscoring future upside.
Notable wins include a 534.3‑MW solar project in Rajasthan, two 616‑MWh battery storage projects in South Africa, and a ₹985 crore project in Egypt via a JV with Hassan Allam Construction.
SWREL said it will keep focusing on high‑margin renewable projects and expects to maintain a healthy order pipeline, though it has not issued a formal earnings outlook yet.