Sterling and Wilson Renewable Energy Ltd (BOM:542760)
₹ 688.55 -22.85 (-3.21%) Market Cap: 160.70 Bil Enterprise Value: 162.91 Bil PE Ratio: 0 PB Ratio: 16.57 GF Score: 58/100

Q1 2025 Sterling and Wilson Renewable Energy Ltd Earnings Call Transcript

Jul 19, 2024 / 03:30AM GMT
Release Date Price: ₹644.95 (-4.99%)

Key Points

Positve
  • Sterling and Wilson Renewable Energy Ltd (BOM:542760) reported a second consecutive quarter of positive EBITDA, PBT, and PAT.
  • The company achieved a top-line growth of 78% year-on-year with operating revenue of INR915 crores in Q1 FY25.
  • Strong order inflow with INR2,170 crores of new orders in Q1, including significant international wins in South Africa.
  • The unexecuted order book stands at INR9,396 crores, providing strong revenue visibility.
  • The company is confident of meeting its order inflow guidance of INR8,000 crores for the fiscal year.
Negative
  • Sequential top-line declined by 22% due to tight liquidity conditions.
  • The company's net debt stands at INR97 crores as of June 2024, indicating ongoing financial leverage.
  • There are ongoing arbitration processes in the USA, which could pose legal and financial uncertainties.
  • The company faces intense competition in the domestic market, particularly from smaller players bidding aggressively for PSU projects.
  • The execution of the Nigeria project is expected to take six months to achieve financial closure, indicating potential delays in revenue realization.
Operator

Ladies and gentlemen, good day, and welcome to Sterling and Wilson Renewable Energy Limited Q1 FY25 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Sandeep Thomas Mathew, Head of Investor Relations, for his opening remarks. Thank you, and over to you, sir.

Sandeep Mathew
Sterling and Wilson Renewable Energy Ltd - Head of Investor Relations

Yeah. Good morning, everyone, and welcome to our Q1 FY25 earnings call. Along with me, I have Mr. Amit Jain, our Global CEO; Mr. Bahadur Dastoor, our CFO; and SGA, our IR advisers. We will start the call with the key operational highlights for the quarter and industry outlook by Amit, followed by financial highlights by Mr.

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