Sterling and Wilson Renewable Energy Ltd (SWSOLAR) Q3FY25 Concall Summary - Dec-2024 Qtr
Performance Overview
- Sterling and Wilson Renewable (SWREL) secured two new orders in Q3 FY25, totaling INR 1,465 crores, one from Aditya Birla Renewables (400 MW DC project in Rajasthan) and another from GIPCL (625 MW DC BOS project in Gujarat).
- The company achieved its second-highest quarterly revenue since listing and the highest post-COVID, reaching INR 1,837 crores, a 215% YoY and 78% QoQ increase.
- Domestic EPC gross margins improved to 9.7% in Q3, trending towards the target range of 10%. International EPC margins were impacted by a one-time cost for project closure, but underlying margins remain around 11%.
- Operational EBITDA significantly improved to INR 90 crores compared to INR 23 crores in Q2 and INR 21 crores in Q1.
- Net debt decreased by approximately INR 150 crores due to indemnity proceeds and positive cash flow from operations.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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