Sterling Powergensys Limited, a player in the electric vehicle chargers and charging stations business, has reported a significant decline in its financial performance for the first quarter of fiscal year 2026. The company's unaudited financial results, published on August 15, 2025, reveal a sharp drop in revenue and continued losses, albeit at a reduced rate compared to previous periods.

Revenue Plummets

For Q1 FY2026, Sterling Powergensys reported total income from operations of ₹254.87 lakhs, marking a substantial decline of:

• 78.03% from the previous quarter (₹1160.17 lakhs)
• 91.66% year-over-year (₹3057.49 lakhs in Q1 FY2025)

This steep drop in revenue highlights significant challenges faced by the company in maintaining its business momentum.

Narrowing Losses

Despite the revenue decline, the company has managed to narrow its losses:

This reduction in losses, despite the revenue decline, may indicate some success in cost-cutting measures or improved operational efficiency.

Business Focus

Sterling Powergensys operates primarily in the electric vehicle chargers and charging stations business. The company treats all its operations as one segment, suggesting a focused approach to its core business.

Financial Position

The equity share capital of the company remained unchanged at ₹5839.16 lakhs, indicating no new equity issuance during the quarter.

Transparency and Compliance

In line with regulatory requirements, Sterling Powergensys published these unaudited financial results in newspaper advertisements on August 15, 2025. This action demonstrates the company's commitment to transparency and compliance with listing obligations.

The company's Board of Directors approved these results in a meeting held on August 14, 2025, as disclosed in the LODR (Listing Obligations and Disclosure Requirements) filing made to the BSE Limited.

While the significant revenue decline is concerning, the narrowing of losses provides a silver lining. Investors and stakeholders will likely be watching closely to see if Sterling Powergensys can reverse the revenue trend in the coming quarters while maintaining its improved cost management.

Sterling Powergensys Limited , a company specializing in solar systems sales, has reported a significant downturn in its financial performance for the first quarter ended June 30, alongside a key addition to its leadership team.

Financial Performance

The company's unaudited financial results reveal a stark contrast to its performance in the same quarter last year:

Sterling Powergensys experienced a substantial decline in revenue from operations, which fell to INR 78.60 lakhs from INR 1,068.15 lakhs in the corresponding quarter of the previous year, marking a 92.6% decrease. The company's total income also saw a similar decline, dropping to INR 83.77 lakhs from INR 1,072.67 lakhs.

The company reported a net loss of INR 18.18 lakhs for the quarter, compared to a profit of INR 2.26 lakhs in the same period last year. This shift from profit to loss is reflected in the earnings per share, which turned negative at INR (0.35) versus a positive INR 0.04 in the previous year.

Leadership Changes

In a significant move, the Board of Directors of Sterling Powergensys Limited has appointed Mr. Nishant Rao Tamapa as an Additional Executive Director, effective August 14. The appointment was made based on the recommendations of the Nomination and Remuneration Committee.

Mr. Tamapa brings over two decades of diverse experience to the role, with expertise spanning CEO leadership, talent management, HR strategy, commercial growth, and organizational transformation across APAC and global markets. His extensive consulting background includes management and financial advisory roles with prominent organizations such as GE, Dell, Tata group, and Willis Towers Watson.

Board Meeting Highlights

The company's Board of Directors convened on August 14 to discuss and approve several key matters:

1. The unaudited standalone financial results for the quarter ended June 30.
2. A limited review report of auditors on the standalone results.
3. The appointment of Mr. Nishant Rao Tamapa as an Additional Executive Director.

The board meeting, which commenced at 3:00 p.m., concluded at 5:15 p.m.

Sterling Powergensys Limited continues to focus on its core business of solar systems sales. The significant revenue decline presents challenges for the company's management in the coming quarters.