Sterling & Wilson Renewable Energy reports Q1FY26 profit rise

Sterling & Wilson Renewable Energy reported a consolidated net profit of ₹53.27 crore for the quarter ended June 30, 2026, an increase from ₹38.69 crore in the same period last year. Total income from operations for the quarter stood at ₹1,590.13 crore, compared to ₹1,761.63 crore in Q1FY25. The company’s statutory auditors conducted a limited review of the unaudited financial results, which were approved by the Board on July 16, 2026.

Financial Performance

The standalone net profit for the quarter was ₹67.80 crore, while standalone income from operations was ₹1,487.11 crore. Earnings per share (EPS) on a consolidated basis was ₹2.32 for the quarter, compared to ₹1.37 in the previous year. The paid-up equity share capital remained unchanged at ₹23.35 crore.

Key Metrics

The following table outlines the financial performance for the quarter and year ended March 31, 2026:

Particulars	Consolidated (Q1FY26)	Consolidated (Q1FY25)	Standalone (Q1FY26)	Standalone (Q1FY25)
Total Income from Operations	₹1,590.13 crore	₹1,761.63 crore	₹1,487.11 crore	₹1,363.11 crore
Net Profit after Tax	₹53.27 crore	₹38.69 crore	₹67.80 crore	₹78.43 crore
Basic EPS (₹)	2.32	1.37	2.90	3.36

The unaudited financial results have been reviewed by the Audit Committee and approved by the Board. The detailed results are available on the BSE and NSE websites.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.13%	+0.68%	-14.58%	+10.37%	-26.76%	-25.92%

Sterling and Wilson Solar Australia Pty Ltd (SWSAPL), a material subsidiary of Sterling & Wilson Renewable Energy , has commenced arbitration proceedings against Shell New Energies Australia Pty Ltd. The arbitration was filed under the London Court of International Arbitration Rules 2020 (LCIA Rules) on July 14, 2026, regarding contracts for the Gangarri Solar Farm in Queensland, Australia.

Arbitration Details

The dispute arises from two contracts between SWSAPL and Shell: one for the Engineering, Procurement and Construction (EPC) and another for the Operations and Maintenance of the solar farm. The subsidiary is seeking damages for claims related to these agreements.

Parameter	Details
Claimant	Sterling and Wilson Solar Australia Pty Ltd (SWSAPL)
Opposing Party	Shell New Energies Australia Pty Ltd
Project	Gangarri Solar Farm, Queensland, Australia
Arbitration Rules	London Court of International Arbitration Rules 2020 (LCIA Rules)
Filing Date	July 14, 2026

Quantum of Claims

SWSAPL has outlined two scenarios for the damages sought, depending on the project capacity and the inclusion of harmonic filters. The claims include interest and legal costs as determined by the Arbitral Tribunal.

Scenario	Description	Damages Sought
Scenario A	Full 120 MW with Harmonic Filters	AUD $28,029,620.50 and USD $1,638,628
Scenario B	Reduced Capacity 95 MW without Harmonic Filters	AUD $20,604,122.57 and USD $1,638,628

The disclosure was made to the BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.