Sterling and Wilson Renewable Power Ltd reported a consolidated web lack of ₹437.38 crore for the 9 months ended December 31, 2025, in comparison with a revenue of ₹30.54 crore within the corresponding interval final yr. The corporate introduced these outcomes at a board assembly held on January 15, 2026.
The loss was primarily pushed by distinctive gadgets totalling ₹610.94 crore in the course of the nine-month interval. This contains ₹30.84 crore charged in the course of the December quarter, following an arbitral tribunal’s ultimate order granting extra authorized prices to a subcontractor in a terminated contract dispute.
On a standalone foundation, the corporate posted a lack of ₹2,432.02 crore for the 9 months, due primarily to a one-time distinctive cost of ₹2,638.42 crore within the September quarter. This cost comprised an impairment and write-offs associated to its wholly-owned subsidiary’s investments, loans, and receivables following an unfavourable arbitration final result and uncertainty in projected money flows.
For the December quarter, consolidated income from operations stood at ₹2,092.21 crore, up from ₹1,837.20 crore within the year-ago quarter. The EPC enterprise section generated ₹2,028.17 crore in income, whereas operations and upkeep providers contributed ₹63.25 crore.
Regardless of the losses, the corporate demonstrated robust operational efficiency with income progress of 48 per cent year-on-year, reaching ₹5,602 crore within the nine-month interval. Operational EBITDA stood at ₹289 crore, up 115 per cent, from ₹134 crore in the identical interval final yr.
The corporate has revised its order influx steering for fiscal 2026 to over ₹11,000 crore, representing a 60 per cent year-on-year progress. This follows new orders value ₹3,086 crore secured within the third quarter, and complete order inflows of ₹6,929 crore in the course of the nine-month interval. The unexecuted order worth has surged to roughly ₹10,413 crore.
A major improvement in the course of the quarter was the signing of a five-year framework settlement with Adani Inexperienced Power and securing the primary stability of system order from them. The corporate additionally received its second South African order value $147 million and added two Indian renewable vitality tasks, together with a battery vitality storage system order from a number one Indian unbiased energy producer.
The corporate’s board additionally accepted the appointment of Rajesh Mittal as Senior Vice-President – Data Expertise and Senior Administration Personnel, efficient January 20, 2026. Mittal brings 25 years of IT expertise and holds an MBA from IIM Kozhikode.
Sterling and Wilson continues to face ongoing authorized disputes involving financial institution assure invocations and buyer claims throughout a number of geographies. The corporate maintains that quantities totaling ₹586.78 crore associated to wrongfully invoked financial institution ensures are recoverable, with some claims coated beneath an indemnity settlement with promoter promoting shareholders.
Revealed on January 15, 2026
