Sterling And Wilson Renewable Energy Limited · NSE:SWSOLAR
Sterling And Wilson Renewable Energy — Q1 FY26 Earnings Presentation
30 slides from Sterling And Wilson Renewable Energy's earnings presentation, Jul 17, 2025
Slide 1: Exchange filing cover letter for investor presentation
July 17, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 542760 Symbol: SWSOLAR Dear Sir/ Ma’am, Sub.: Investor presentation on the Unaudited Standalone a
Slide 2: The future of solar energy is Bright
The future of solar energy is Bright STERLING AND WILSON RENEWABLE ENERGY LIMITED Investor Presentation – Q1 FY26 ONE OF THE LEADING SOLAR EPC AND O&M SOLUTIONS PROVIDERS IN THE WORLD 17 Jul 2025
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sterling and Wilson Renewable Energy Limited (the “Company”), have been prepared solely for information purposes and is not a prospectus, disclosure document, placement document or other offeri
Slide 4: Contents
Contents Company Overview Our Journey 04 05 Business Overview Track record 07 13 Market Opportunity Financial Highlights 17 20 Beyond Business 28 3
Slide 5: About us
About us | WHO WE ARE Market Leader Leading Solar EPC and O&M Solutions Provider Leading Solar EPC We offer Design, Detailed Engineering, Procurement, Construction, Installation, solutions provider in Commissioning and Operations & Maintenance services under turnkey EPC and BoS the world (Balance of
Slide 6: Journey
Journey 2018 2022 2020 2024 Expanded Reliance New Energy operations in Ranked 2nd largest 2013 Australia by O&M player in the acquired 40% stake in Sterling and Wilson SWREL closed five acquiring a world by Wood marquee project wins Completed our first turnkey 2016 controlling stake in Mackenzie Ren
Slide 7: Accreditations and Awards
Accreditations | AND AWARDS Demonstrating Business Excellence and Industry Leadership OHSSAI Safety Award Khavda RE Project Recognized as a Top awarded Best FQA Lab awarded at the 9th Annual Brand EPC 2025 by EUPD Facility in RE Cluster at HSE Excellence & ESG Research All India QA Meet 2024 Global
Slide 8: Business Overview
Business Overview
Slide 9: Offerings: Solutions and Services
Offerings | SOLUTIONS AND SERVICES 01 Utility Scale 03 Floating Solar Projects 02 04 Operation & Hybrid & Energy Maintenance Storage (O&M)
Slide 10: Turnkey EPC solutions for utility-scale projects
Turnkey EPC solutions for utility-scale projects Sterling and Wilson Renewable Energy offers a range of turnkey and Balance of System (BoS) solutions for utility-scale, and floating solar power projects. The company also offers solar plus storage solutions, and Hybrid projects including Wind. Our tu
Slide 11: Fully Integrated Battery Energy Storage Solution
Fully Integrated Battery Energy Storage Solution 01 02 03 04 05 06 BATTERY BATTERY RACKS PCS + MV EMS & HYBRID INSTALLATION & OPERATIONS & MODULE + BMS & CONTAINER STATION CONTROLLER COMMISSIONING MAINTENANCE Long Term Supply In House Containers Decade long MV side Strong Partnerships 22.8 GWp of In
Slide 12: Floating Solar – Ushering in the next wave of sustainability
Floating Solar – Ushering in the next wave of sustainability Floating solar plants have an advantage over ground-mounted solar plants owing to their negligible land requirement as these plants can be installed on reservoirs, industrial pools or even small lakes. We offer turnkey EPC for floating sol
Slide 13: O&M – Maintaining relationships that last
O&M – Maintaining relationships that last Global Operations & Maintenance (O&M) portfolio, and strong expertise working with the leading equipment manufacturers and constructors. Over seven years experience in the O&M of solar power stations – meticulously caring for the useful life of assets, maxim
Slide 14: On a Strong Footing: Track Record
On a Strong Footing | TRACK RECORD Strong Execution Record Strong Balance Sheet Core of Project Execution Commissioned: 11.6 GW March 25 Net worth: INR 995 cr Global Manpower Strength: 2,810 Under-Construction: 11.2 GW March 25 Net D/E: 0.18x BBB+ / Stable (Credit Rating) * Over 40 projects under ex
Slide 15: On a Strong Footing: Led by a Seasoned Team
On a Strong Footing | LED BY A SEASONED TEAM Board of Directors Mr. Khurshed Yazdi Daruvala Ms. Rukhshana Jina Mistry Chairman, Non-Executive, Non- Independent Director Non-Executive, Independent Director Mr. Saurabh Agarwal Mr. Cherag Sarosh Balsara Chandra Kishore Thakur Ajit Pratap Singh Global C
Slide 16: Why Us
Why Us | WHAT DIFFERENTIATES US Cost Effective Leveraging the Low-Cost India Base for global execution providing cost Expeditious competitive solutions Quick Decision Making & well-defined internal processes leading to timely execution Global Presence One of the only Global Pure-Play Solar EPC playe
Slide 17: Our Presence Across the Globe
Our Presence | ACROSS THE GLOBE UK Europe 266 MWp Kazakhstan Spain Jordan Italy USA USA Egypt Vietnam Morocco UAE 455 MWp Saudi Arabia Thailand Mexico MENA Mali 1,969 MWp Oman Philippines India Nigeria India Kenya 17,596 MWp Tanzania Zambia Singapore Namibia Southeast Asia Latin America 323 MWp 575
Slide 18: Market Opportunity
Market Opportunity
Slide 19: Solar Market Outlook: India
Solar Market Outlook | INDIA SOLAR INSTALLATIONS GROWTH TRAJECTORY REMAINS STRONG PROJECTED ANNUAL ‘UTILITY-SCALE + COMMERCIAL’ PV INSTALLATIONS IN INDIA (GW) 58.6 50.6 44.9 43.7 42.4 37.9 31.7 12.8 2023 2024 2025E 2026E 2027E 2028E 2029E 2030E Source: BNEF 18
Slide 20: Solar Market Outlook: International Markets
Solar Market Outlook | CORE INTERNATIONAL MARKETS’ OUTLOOK IS ALSO PROMISING PROJECTED ANNUAL ‘UTILITY-SCALE + COMMERCIAL’ INSTALLATIONS IN EMEA (GW) 66.6 63.9 60.7 59.7 56.8 57.2 55.7 47.4 31.9 27.1 28.2 25.5 22.9 18.1 12 9.4 2023 2024 2025E 2026E 2027E 2028E 2029E 2030E Europe Middle East & Africa
Slide 21: Financial Highlights | Q1 FY 2026
Financial Highlights | Q1 FY 2026
Slide 22: Key Highlights for Q1 FY26
Financials | KEY HIGHLIGHTS FOR Q1 FY26 REVENUE (INR CR) GROSS PROFIT (INR CR) 93% YoY 101% YoY 2,519 263 205 1,762 915 102 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Operational EBITDA (INR CR) PAT (INR CR) 392% YoY 680% YoY 158 55 123 39 25 5 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 21
Slide 23: Key Highlights for Q1 FY26: Order Book and Pipeline
Financials | KEY HIGHLIGHTS FOR Q1 FY26 UOV AS ON JUNE 2026 UOV BY REGION 9,096 International 8,348 11.7% India, 88.3% MAR 2025 JUN 2025 ORDER INFLOW – 100% DOMESTIC BID PIPELINE – FY26 International 13% INR 813 cr 30.0 GW India 87% 100% 22
Slide 24: Balance Sheet Strong; Debt Ratings Upgraded
Financials | BALANCE SHEET STRONG; DEBT RATINGS UPGRADED DEBT LEVELS STABLE (INR CR) RATINGS UPGRADED IN Q1 FY26 902 • Ratings of Working Capital facilities and Term Loans 810 upgraded to BBB+ with Stable Outlook in June 2025 by Infomerics Ratings 383 • Improved ratings likely to help enhance / tie-
Slide 25: Consolidated Profit & Loss – Q1 FY26
Financials | CONSOLIDATED PROFIT & LOSS – Q1 FY26 INR Crore Q1FY26 Q1FY25 Q4FY25 FY2025 REVENUE BY SEGMENT (INR CR) GROSS PROFIT BY SEGMENT (INR CR) Revenue from Operations 1,762 915 2,519 6,302 O&M O&M 60 International EPC Gross Profit 205 102 263 638 14 54 Gross Margin % 11.7% 11.1% 10.4% 10.1% In
Slide 26: Consolidated Balance Sheet – June 2025
Financials | CONSOLIDATED BALANCE SHEET – June 2025 INR Crore Jun-25 Mar-25 Breakdown of Net Working Capital (INR Crore) Jun-25 Mar-25 Liabilities + Shareholders’ Equity Current Assets 2,556 2,941 Shareholders Equity 993 995 Inventories 4 3 Bank Borrowings 810 902 Receivables (including unbilled) 2,
Slide 27: Outlook: MOU Announced
Outlook | MOU ANNOUNCED • Sterling and Wilson Solar Solutions, Inc (SWSS), the US step down subsidiary signed a MOU with the Government of the Federal Republic of Nigeria, along with its consortium partner Sun Africa in September 2022 • MOU is for the development, design, construction, and commissio
Slide 28: Beyond Business
—— Beyond Business SS O—
Slide 29: Our CSR Activities
Corporate | SOCIAL RESPONSIBILITY As a responsible organization, we strive to ensure the well being of all our stakeholders, by placing sustainability at the heart of everything we do. OHSSAI Safety Award 2024 Our CSR Activities Inclusive Learning Environment Women Economic Empowerment • Outreach •
Slide 30: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Sterling and Wilson Renewable Energy Limited Strategic Growth Advisors Private Limited CIN: L74999MH2017PLC292281 CIN: U74140MH2010PTC204285 Mr Sandeep Mathew Mr Jigar Kavaiya / Mr. Parin Narichania Head – Investor Rela
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