Sterling & Wilson Renewable Energy has appointed Ajit Pratap Singh as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from 24 March 2025. Sandeep Mathew shall cease to be the interim CFO effective close of business hours on 23 March 2025 and shall continue with his role of Head - Investor Relations. Powered by Capital Market - Live

Ajit Pratap Singh holds a B.Sc. and LLB from Kanpur universities, an M.Sc. in Finance, a PG Diploma in Business Administration, and a Strategic Management program from IIM Kashipur. He is also a certified management accountant and a member of several professional bodies. Singh has previously worked with companies such as Transrail Lighting, OPG Power Generation, Vedanta Aluminium, and JSW Bengal Steel. Furthermore, Sandeep Mathew will cease to be the interim CFO effective from the close of business hours on 23 March 2025 and will continue in his role as head of investor relations. Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company reported a consolidated net profit of Rs 14.83 crore in Q3 FY25 as against a net loss of Rs 63.67 crore in Q3 FY24. Revenue from operations zoomed 215.19% year on year (YoY) to Rs 1,837.20 crore in the quarter ended December 2024. Shares of Sterling and Wilson Renewable Energy (SWREL) fell 3.32% to Rs 234.30 on the BSE.Powered by Capital Market - Live

Hatsun Agro Product Ltd, Kalyan Jewellers India Ltd, Authum Investment & Infrastructure Ltd and Infosys Ltd are among the other losers in the BSE's 'A' group today, 17 January 2025.Sterling & Wilson Renewable Energy Ltd lost 9.99% to Rs 414.8 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 8.14 lakh shares were traded on the counter so far as against the average daily volumes of 1.5 lakh shares in the past one month.Hatsun Agro Product Ltd crashed 6.30% to Rs 975. The stock was the second biggest loser in 'A' group.On the BSE, 10777 shares were traded on the counter so far as against the average daily volumes of 1428 shares in the past one month.Kalyan Jewellers India Ltd tumbled 6.14% to Rs 505.9. The stock was the third biggest loser in 'A' group.On the BSE, 9.23 lakh shares were traded on the counter so far as against the average daily volumes of 5.08 lakh shares in the past one month.Authum Investment & Infrastructure Ltd dropped 5.56% to Rs 1728.2. The stock was the fourth biggest loser in 'A' group.On the BSE, 7553 shares were traded on the counter so far as against the average daily volumes of 10900 shares in the past one month.Infosys Ltd shed 5.55% to Rs 1819.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.21 lakh shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month.Powered by Capital Market - Live

Net profit of Sterling & Wilson Renewable Energy reported to Rs 14.83 crore in the quarter ended December 2024 as against net loss of Rs 63.67 crore during the previous quarter ended December 2023. Sales rose 215.19% to Rs 1837.20 crore in the quarter ended December 2024 as against Rs 582.88 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1837.20582.88 215 OPM %3.83-2.78 - PBDT44.46-56.30 LP PBT41.09-60.79 LP NP14.83-63.67 LP Powered by Capital Market - Live

Revenue from operations zoomed 215.19% year on year (YoY) to Rs 1,837.20 crore in the quarter ended December 2024. The company's profit before tax was Rs 17.14 crore in the December 2024 quarter, as compared with a pre-tax loss of Rs 62.39 crore posted in the December 2023 quarter. The company's revenue from EPC business was at 1,776.05 crore (up 238.06% YoY), while income from operation and maintenance service business stood at Rs 60.65 crore (up 5.5% YoY) during the period under review. On a nine-month basis, the company reported consolidated net profit of Rs 26.07 crore in 9M FY25 as against net loss of Rs 213.37 crore in 9M FY24 FY22. Revenue from operations jumped 103.66% YoY to Rs 3,782.75 crore in the nine-month period ended on 31 December 2024. Meanwhile, the board of directors appointed Sandeep Thomas Mathew, currently serving as head of investor relations, as interim chief financial officer (CFO) and key managerial personnel, effective from 16 January 2025, until a permanent CFO is appointed. Further, Amit Jain has resigned as global chief executive officer (CEO) of the SWREL Group and Chandra Kishore Thakur, CEO ' Asia, Africa, LATAM, and Europe, will now be designated as Global CEO of the SWREL Group. Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement and construction (EPC) solutions provider. Powered by Capital Market - Live

Sterling & Wilson Renewable Energy will hold a meeting of the Board of Directors of the Company on 16 January 2025.Powered by Capital Market - Live

Sterling & Wilson Renewable Energy announced that it has received LoI for a prestigious new order totaling approx. Rs 1,200 crore in Gujarat. The company received an order for Design, Engineering, Procurement and Construction of Balance of System (BOS) for 500 MW (AC) Solar PV project on EPC basis. In addition to EPC with single point responsibility, it will also include comprehensive O&M for a period of three years.Powered by Capital Market - Live

In a regulatory filing made on Sunday, the company informed that it has received an order for design, engineering, procurement and construction of balance of system (BOS) for 500 MW (AC) solar PV project on EPC basis. In addition to EPC with single point responsibility, it will also include comprehensive O&M for a period of three years. Amit Jain, global CEO, Sterling and Wilson Renewable Energy Group, said: We are proud to receive this prestigious order, which will support India and especially Gujarat's transition towards clean energy.' Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 20.7 GWp (including projects commissioned and under various stages of construction). SWREL also manages an operation and maintenance (O&M) portfolio of 7.6 GWp solar power projects, including for projects constructed by third parties. Powered by Capital Market - Live

Net profit of Sterling & Wilson Renewable Energy reported to Rs 7.05 crore in the quarter ended September 2024 as against net loss of Rs 54.24 crore during the previous quarter ended September 2023. Sales rose 35.68% to Rs 1030.49 crore in the quarter ended September 2024 as against Rs 759.52 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1030.49759.52 36 OPM %1.760.19 - PBDT23.90-45.66 LP PBT20.07-49.95 LP NP7.05-54.24 LP Powered by Capital Market - Live

Sterling & Wilson Renewable Energy will hold a meeting of the Board of Directors of the Company on 14 October 2024.Powered by Capital Market - Live