Sterling And Wilson Renewable Energy Limited · NSE:SWSOLAR
Sterling And Wilson Renewable Energy — Q1 FY27 Earnings Presentation
24 slides from Sterling And Wilson Renewable Energy's earnings presentation, Jul 16, 2026
Slide 1: Exchange filing cover letter
July 16, 2026 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 Sub.: Investor presentation on the Unaudited Consolidated and Standalo
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 FY27 ONE OF THE LEADING SOLAR EPC AND O&M SOLUTIONS PROVIDERS IN THE WORLD 16 Jul 2026
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 12 Financial Highlights Beyond Business 15 22 3
Slide 5: About us
About us | WHO WE ARE Leading Solar EPC and O&M Solutions Provider Market Leader 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 2013 operations in Australia by Ranked 2nd largest O&M player in the acquired 40% stake in SWREL closed five 2026 Sterling and Wilson marquee project wins acquiring a world by Wood Completed our first turnkey 2016 controlling stake in Mackenzi
Slide 7: Accreditations and Awards
Accreditations | AND AWARDS Demonstrating Business Excellence and Industry Leadership Received the 24th Recognised as one of the Winner of ESG Impact Annual Greentech Most Innovative Award 2026 at 3rd Environment Award Organisations 2026 by ET Edition of Net Zero 2025 in the Environment Edge – The T
Slide 8: Offerings
Offerings | SOLUTIONS AND SERVICES 01 Utility Scale 03 Floating Solar Projects 02 04 Operation & Hybrid & Energy Maintenance Storage (O&M)
Slide 9: 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 10: 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 28.7 GWp of In
Slide 11: 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 12: 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 13: On a Strong Footing
On a Strong Footing | TRACK RECORD Strong Execution Record Strong Balance Sheet Core of Project Execution Commissioned: 18.3 GW June 26 Net worth: INR 709 cr Global Manpower Strength: 4,138 Under-Construction: 10.4 GW June 26 Net D/E: 0.9x BBB+ (Credit Rating) * Over 50 projects under execution Annu
Slide 14: 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 15: Our Presence
Our Presence | ACROSS THE GLOBE UK Europe 266 MWp Kazakhstan Spain Jordan Italy USA USA Egypt Vietnam 455 MWp Morocco UAE Saudi Arabia Thailand Mexico MENA Mali 2,969 MWp Oman Philippines India Nigeria India Kenya 22,360 MWp Tanzania Zambia Singapore Namibia Southeast Asia Latin America 323 MWp 575
Slide 16: Financial Highlights | Q1 FY 2027
Financial Highlights | Q1 FY 2027
Slide 17: Financials: Key Highlights for Q1 FY27
Financials | KEY HIGHLIGHTS FOR Q1 FY27 REVENUE (INR CR) GROSS PROFIT (INR CR) 1,946 234 1,762 205 1,590 157 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Operational EBITDA (INR CR) PAT (INR CR) 156 142 123 78 55 39 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 16
Slide 18: Financials: Unexecuted Order Value and Pipeline
Financials | KEY HIGHLIGHTS FOR Q4 FY26 UNEXECUTED ORDER VALUE (UOV) UOV BY REGION 13,024 11,813 International 39% India 61% MAR 2026 CURRENT ORDER INFLOW YTD BID PIPELINE – FY27 (Ex-BESS) International 8% INR 2,641 cr 27.7 GW International India 100% 92% 17
Slide 19: Financials: Debt, Working Capital and Key Developments
Financials GROSS DEBT LEVELS RECEDE QoQ (INR CR) KEY DEVELOPMENTS IN 1Q FY27 • Bagged a marquee turnkey project (1 GW + 600 MWh 1,164 1,035 BESS) in Egypt worth ~USD 560 million. The project is being executed through a 50-50 JV and SWREL share of the project value is ~USD 280 mn (~INR 2,641 crore) 5
Slide 20: Consolidated Profit & Loss – Q1 FY27
Financials | CONSOLIDATED PROFIT & LOSS – Q1 FY27 INR Crore Q1FY27 Q1FY26 Q4FY26 FY2026 FY2025 REVENUE BY SEGMENT (INR CR) GROSS PROFIT BY SEGMENT (INR CR) 1,590 1,762 1,946 7,548 6,302 O&M O&M Revenue from Operations International EPC International EPC 84 20 Gross Profit 157 205 234 793 638 103 11
Slide 21: Segment Outlook
Financials | SEGMENT OUTLOOK DOMESTIC - EPC Domestic EPC has been the key growth engine, and outlook remains strong 9,000 7,897 1. Domestic UOV of ~INR 7,900 crore provides revenue and growth visibility 5,836 6,000 2. Pipeline for Domestic EPC and BESS continues to remain very strong 3,000 1,403 3.
Slide 22: Consolidated Balance Sheet – June 2026
Financials | CONSOLIDATED BALANCE SHEET – June 2026 INR Crore Jun-26 Mar-26 Breakdown of Net Working Capital (INR Crore) Jun-26 Mar-26 Liabilities + Shareholders’ Equity Current Assets 2,926 2,976 Shareholders Equity 709 651 Inventories 3 2 Bank Borrowings 1,035 1,164 Receivables (including unbilled
Slide 23: 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 OUR • Outreac
Slide 24: 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 Jigar Kavaiya / Mr. Parin Narichania +91 9920602034 / +91 9930025733 Email:
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