Sterling & Wilson Renewable Energy Reports Q3FY26 Results and Key Management Appointment
Sterling & Wilson Renewable Energy reported Q3FY26 results with standalone revenue of ₹1,805.51 crore and net profit of ₹73.09 crore. The company appointed Mr. Rajesh Mittal as Senior VP-IT effective January 20, 2026. Nine-month performance showed revenue growth of 31.94% despite exceptional items impacting profitability.

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Sterling & Wilson Renewable Energy Limited announced its quarterly results for Q3FY26 ended December 31, 2025, along with a key management appointment during its Board meeting held on January 15, 2026.
Financial Performance Overview
The company delivered strong standalone financial results for the quarter ended December 31, 2025. The detailed quarterly performance demonstrates the company's operational strength across its business segments.
| Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹1,805.51 cr | ₹1,487.29 cr | +21.40% |
| Total Income | ₹1,838.19 cr | ₹1,535.50 cr | +19.70% |
| Net Profit | ₹73.09 cr | ₹77.47 cr | -5.65% |
| Basic EPS | ₹3.13 | ₹3.32 | -5.72% |
Nine-Month Performance Analysis
For the nine months ended December 31, 2025, the company faced challenges due to exceptional items but maintained operational resilience. The standalone revenue from operations reached ₹4,444.69 crore compared to ₹3,368.73 crore in the corresponding period of the previous year, representing a growth of 31.94%.
The company reported a net loss of ₹2,432.02 crore for the nine-month period, primarily due to exceptional items worth ₹2,638.42 crore recognized during the quarter ended September 30, 2025. These exceptional items related to write-offs and impairments of investments in a wholly owned subsidiary.
Segment-wise Performance
The company operates through two primary business segments, both showing varied performance during the quarter.
| Segment | Q3FY26 Revenue | Q3FY25 Revenue | Growth (%) |
|---|---|---|---|
| EPC Business | ₹1,756.52 cr | ₹1,437.55 cr | +22.19% |
| Operation & Maintenance | ₹48.20 cr | ₹49.24 cr | -2.11% |
The EPC business segment demonstrated robust growth, while the Operation and Maintenance service segment experienced a marginal decline compared to the same quarter in the previous year.
Key Management Appointment
The Board approved the appointment of Mr. Rajesh Mittal as Senior Vice President – Information Technology and Senior Management Personnel, effective January 20, 2026. Mr. Mittal brings extensive experience to the organization.
| Parameter | Details |
|---|---|
| Name | Mr. Rajesh Mittal |
| Designation | Senior Vice President – IT |
| Effective Date | January 20, 2026 |
| Experience | 25 years in IT services |
| Education | MBA from IIM Kozhikode, B.Tech in Electronics |
Mr. Mittal's expertise spans SAP S/4 HANA deployment, solutions architecture, AI-powered mobile applications, and advanced analytics platforms. He has received several industry recognitions, including the CIO500 Accelerator X Award 2024 and CIO100 Game Changer 2023.
Consolidated Financial Results
On a consolidated basis, the company reported revenue from operations of ₹2,092.21 crore for Q3FY26 compared to ₹1,837.20 crore in Q3FY25, marking a growth of 13.88%. The consolidated net profit for the quarter stood at ₹1.55 crore compared to ₹17.14 crore in the corresponding quarter of the previous year.
Regulatory Compliance
The financial results were prepared in accordance with Indian Accounting Standards and reviewed by the company's joint statutory auditors, Kalyaniwalla & Mistry LLP and Deloitte Haskins & Sells LLP. The auditors expressed an unmodified conclusion in their review reports for both standalone and consolidated results.
Historical Stock Returns for Sterling & Wilson Renewable Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.24% | -6.24% | -9.07% | -39.91% | -52.65% | -26.03% |
















































