India · Delayed Price · Currency is INR Sterling and Wilson Renewable Energy Earnings Call Transcripts
Fiscal Year 2026
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Achieved record order inflow and revenue growth in FY 2026, with strong margins and a robust order book. O&M and BESS segments are set for rapid expansion, while litigation and commodity volatility remain key risks. Guidance targets 15% growth for FY 2027.
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Q3 saw record revenue and robust order inflows, with guidance raised for FY 2026. Margins were impacted by a one-off legal expense, but stabilization is expected from Q4. Strategic partnerships and a strong order book support future growth.
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Q2 FY26 was marked by major one-time write-offs from legacy U.S. legal cases, resulting in a reported EBITDA loss and PAT loss, but core operations showed strong revenue growth and robust order inflows. Management maintains 20% revenue growth guidance and expects stable margins.
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Q1 FY26 saw 93% year-over-year revenue growth, improved margins, and a robust order book, despite project delays from cross-border tensions. Management expects 15-20% annual growth, with battery storage set to drive future revenue as new policies mandate integration.
Fiscal Year 2025
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Achieved record revenue and profitability in FY2025, driven by strong domestic EPC execution and new market entries in wind and battery storage. Order book and pipeline remain robust, with 15%-20% growth expected in FY2026, while O&M and international segments face some one-off and procedural challenges.
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Q3 FY25 saw record post-COVID revenue, strong domestic order inflow, and improved margins. FY25 revenue guidance was revised to INR 6,000–6,500 crore due to customer-driven delays, but order book and execution outlook remain robust, with FY26 targeting 10,000 crore order inflow.
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Q2 FY25 saw record order inflow, robust revenue growth, and a credit rating upgrade, positioning the company to meet its INR 8,000 crore revenue guidance for FY25. Execution is set to accelerate in H2, supported by improved liquidity and a strong order book.
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Q1 FY25 saw robust order inflow and 78% YoY revenue growth, with strong domestic and international wins. Execution is set to accelerate in H2, supporting the INR 8,000 crore revenue guidance, while O&M margins improved and net debt declined.