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Net profit of Sterling & Wilson Renewable Energy rose 142.99% to Rs 134.57 crore in the quarter ended March 2026 as against Rs 55.38 crore during the previous quarter ended March 2025. Sales declined 22.77% to Rs 1945.61 crore in the quarter ended March 2026 as against Rs 2519.11 crore during the previous quarter ended March 2025.For the full year,net loss reported to Rs 309.43 crore in the year ended March 2026 as against net profit of Rs 81.45 crore during the previous year ended March 2025. Sales rose 19.77% to Rs 7548.05 crore in the year ended March 2026 as against Rs 6301.86 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1945.612519.11 -23 7548.056301.86 20 OPM %7.495.30 -4.003.92 - PBDT156.9989.85 75 351.98176.88 99 PBT154.1186.72 78 340.70162.54 110 NP134.5755.38 143 -309.4381.45 PL Powered by Capital Market - Live News

Sterling & Wilson Renewable Energy announced that with respect to the proceedings related to encashment of a bond by Sterling and Wilson Solar Solutions Inc. (wholly owned step-down subsidiary of the Company) against Fidelity and Deposit Company of Maryland and Zurich American Insurance Company, the parties have entered into a settlement agreement to release and discharge each other from all the claims and counter claims. Accordingly, the parties have filed a motion for dismissal and the United States District Court, Eastern District of Washington (Court) has passed an order of dismissal of the legal proceedings.

Sterling & Wilson Renewable Energy (SWREL) has been declared as L1 bidder in a tender of Coal India for a turnkey EPC package for development of a 875 MW (AC) grid connected Solar PV Project in Bikaner, Rajasthan, India. The total value of contract including O&M and taxes is Rs 3,490 crore. The company also received an order for a 50 MW AC project in Maharashtra, India from a leading Indian Private IPP. With these new order wins, the total value of EPC order inflow in FY26 has exceeded Rs 10,062 crore.

Sterling & Wilson Renewable Energy will hold a meeting of the Board of Directors of the Company on 23 April 2026.

Sterling and Wilson Kazakhstan LLP, step down subsidiary of Sterling & Wilson Renewable Energy, incorporated in Kazakhstan has been liquidated with effect from 02 March 2026 The said Company did not have any business activity. Powered by Capital Market - Live News