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STERLINGANDWILSONRENEWAB Energy 15 May 2026

Sterling and Wilson Renewable Energy Ltd — Q4 FY26

Sterling and Wilson Renewable Energy reported a record quarterly PAT of ₹142 crore in Q4 FY26, driven by strong execution in international EPC and cost savings on three projects.

bullish high
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Revenue ₹1,946 Cr
EBITDA
PAT ₹142 Cr
EBITDA Margin
Duration 63 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

US litigation exposure

Ongoing US court cases involve ~₹200 cr cash out, promoter-indemnified, but additional costs could arise if cases go against the company.

medium · analyst_question
R

Commodity price volatility

Rising solar module and commodity prices (copper, silver) since January 2026 have muted Q4 ordering; management has back-to-back protection for existing orders but new bids face uncertainty.

medium · management_commentary
R

Reliance order delay

Despite deep engagement, no clarity on timing or size of Reliance New Energy orders; management expects it 'this year' but declined to commit to a quarter.

low · analyst_question
R

Execution slowdown in Rajasthan

Grid connectivity issues and GI court cases have delayed project development in Rajasthan, impacting order conversion and execution timelines.

medium · management_commentary