Sterling and Wilson Renewable Energy Full Year 2024 Earnings: Misses Expectations

Sterling and Wilson Renewable Energy (NSE:SWSOLAR) Full Year 2024 Results

Key Financial Results

• Revenue: ₹30.4b (up 51% from FY 2023).
• Net loss: ₹2.12b (loss narrowed by 82% from FY 2023).
• ₹10.40 loss per share (improved from ₹61.66 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sterling and Wilson Renewable Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 58%.

The primary driver behind last 12 months revenue was the EPC Business segment contributing a total revenue of ₹28.2b (93% of total revenue). Notably, cost of sales worth ₹27.2b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ₹2.11b (40% of total expenses). Explore how SWSOLAR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India.

Performance of the Indian Construction industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Sterling and Wilson Renewable Energy that you should be aware of.

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