Latest news with #SterlingandWilsonRenewableEnergy
Business Standard
29-05-2025
- Business
- Business Standard
Sterling and Wilson gains after order win
Sterling and Wilson Renewable Energy rose 1.3% to Rs 286 after the company announced it emerged as the lowest (L1) bidder for a 225 MW (AC) solar EPC project in Gujarat, floated by a reputed PSU developer. The turnkey project involves the development of a grid-connected solar PV plant, reinforcing the companys footprint in Indias clean energy space. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group shared, "Our domestic pipeline remains very robust and we are confident of building on this order win." Sterling and Wilson Renewable Energy is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions. It has operations in India, South-east Asia, Middle East, Africa, Europe, Australia, and the Americas. On a consolidated basis, net profit of Sterling & Wilson Renewable Energy soared 3745.83% to Rs 55.38 crore while net sales surged 113.84% to Rs 2519.11 crore in Q4 March 2025 over Q4 March 2024.
Economic Times
28-05-2025
- Business
- Economic Times
BSE 500 stocks rally up to 74% in a month, but 292 still languish up to 64% below peak
The broader BSE 500 index has posted a strong performance over the past month, rallying more than 12%, with individual stocks soaring as much as 74%. Despite this impressive run, an ETMarkets analysis reveals that 292 stocks are still trading at least 20% below their 52-week highs—potentially presenting attractive opportunities for investors. ADVERTISEMENT In the list are 15 stocks that have corrected by 50% or more while 50 counters have fallen between 40% and 49%. Over a 100 counters have slipped between 39% and 30% and the remaining 138 of them are down between 29% and 20%. Domestic stock markets have remained jittery since October amid a host of factors like high valuations, 'Sell India Buy China' trade and Donald Trump's assuming charge as the US President. In the run-up to April 2, which the Trump administration referred to as the 'Liberation Day', volatility shot-up and global markets fell. Markets have stablised post April 9 following a pause on the reciprocal tariffs until July. Notwithstanding this, volatility has stood its ground and fear gauge India VIX is still 39% higher in the past one stocks with highest cuts include Sterling and Wilson Renewable Energy, Siemens and Punjab & Sind Bank (PSB) which have fallen by 64%, 60% and 59%, respectively. Others like Adani Green Energy, Network 18 Media & Investments, ITI, Titagarh Rail Systems, MMTC, Vedant Fashions, Tejas Networks, Route Mobile, Relaxo Footwears, Easy Trip Planners, UCO Bank and HFCL are down between 53% and 50%.Not all can be brushed under the sentiment carpet as individual stocks could be down because of company specific reasons and market mood may have only accentuated the fall. IndusInd Bank, which is grappling under governance issues and Aditya Birla Fashion and Retail's (ABFRL) demerger leading to price adjustments are cases in widely tracked stocks which are currently down between 20% and 49% are Birla Soft, Adani Total Gas, Indian Renewable Energy Development Agency (IREDA), PVR Inox, Honasa Consumer (mamaearth), Indian Railway Finance Corporation (IRFC), Tata Motors, Cochin Shipyard, Trent, Adani Enterprises, Asian Paints and Bajaj Auto. ADVERTISEMENT Notwithstanding the rally, BSE 500 is still 7.4% from its peak of 38,740.08 and market experts expect a bumpy ride laden with volatility in the run-up to the monthly expiry on Thursday and the Reserve Bank of India (RBI) monetary policy advising caution in the pockets which have seen sharp rally like PSU and defence. ADVERTISEMENT Analyst VK Vijayakumar, Chief Investment Strategist, Geojit Investments the market to likely consolidate around the current levels in the near-term. "A sustained rally will happen only when leading indicators suggest revival in earnings growth. Since mutual funds are sitting on sizeable cash any dip will be bought into and high valuations will trigger selling on rallies," he are advised to ride the volatility via stock specific approach, say experts. ADVERTISEMENT Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel advises investors to buy in small tranches with a long term horizon. US yields are up amid current uncertainties and investors seem to be booking profit after the recent rally in Indian equities and moving to less risky assets, he said, decoding the current mood while suggesting sector diversification with trusted largecap names like HDFC Bank and Reliance Industries (RIL). "If you are hunting for value, this is not the market for you. Hunt for growth. There are two styles of making money, the value style and the growth style. The best of value is behind us. Being growth investors, lower interest rates with continued good growth outlook is a very good combo for growth investing. We think our time has come. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
25-04-2025
- Business
- Business Standard
SW Solar records multi-fold jump in Q4 PAT
Sterling and Wilson Renewable Energy reported a consolidated net profit of Rs 55.38 crore in Q4 FY25, steeply higher than Rs 1.45 crore posted in Q4 FY24. Revenue from operations zoomed 113.84% year-on-year (YoY) to Rs 2,519.11 crore in the quarter ended 31 March 2025. Profit before tax stood at Rs 86.72 crore in Q4 FY25, up 157.02% as against Rs 33.74 crore recorded in Q4 FY24. On segmental front, the company's revenue from EPC business was at 2,459.28 crore (up 118.76% YoY), while income from operation and maintenance service business stood at Rs 59.22 crore (up 9.99% YoY) during the period under review. Operational EBITDA stood at Rs 158 crore in Q4 FY25, registering a growth of 172.41% YoY. EBITDA margin improved to 6.3% in Q4 FY25 as against 4.9% posted in Q4 FY24. The company reported an unexecuted order value of approximately Rs 9,096 crore as of 31 March 2025, compared to Rs 8,084 crore as of 31 March 2024. The company stated that its order inflows for FY25 remained strong at approximately Rs 7,051 crore, showcasing the industry's strong trust in its unmatched execution capabilities. Of the total FY25 order inflows, domestic market momentum remained robust at around Rs 5,897 crore, showing an impressive 21% YoY growth. On a full-year basis, the company reported a consolidated net profit of Rs 81.45 crore in FY25 as against a net loss of Rs 211.92 crore posted in FY24. Revenue from operations surged 107.61% YoY to Rs 6,301.86 crore reported in FY25. CK Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, shared, "We are poised for significant growth across markets considering the commendable pipeline of projects both in the domestic and international regions. The steady flow of high-value domestic orders in the recent past reinforces our strong market position and growth momentum. Our onward journey is very promising, marked by high quarterly revenue, improved cash flow, and a healthy balance sheet, all of which position us for sustained growth. With our recent foray into wind EPC and continued focus on hybrid energy projects, we are optimistic about expanding our renewable portfolio and delivering integrated clean energy solutions." Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The counter slipped 3.34% to Rs 198.50 on the BSE.
