Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Amazon Great Indian Festival 2020 - Electronics
Stock Report

| More

Sterling and Wilson Solar Limited declares financial results for quarter ending 30th June 2020

Posted On: 2020-09-16 22:02:50

Sterling and Wilson Solar Limited (SWSL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), one of the leading solar EPC and O&M solutions provider in the world, announced its unaudited financial results for the quarter ended 30th June 2020.

Key Highlights:

- Order inflow of 1.0 GW amounting to Rs 3,633 crores from 1st April 2020 until 30th June 2020 i.e. 40% of FY20 order inflow. The current year order booking to date is Rs. 5,696 crores as compared to Rs. 828 crores during the same period last year.

- 7.8 GW contracted O&M as on 30th June 2020.

- Revenues from operations for Q1 FY21 is Rs. 1,068 croresin spite of COVID, which is 86% of last year's revenues during the same period.

- Gross Profit Margin for Q1 FY21 stood at 10.7%.

- EBITDA for the Q1 FY21 stood at Rs. 18 crores and EBITDA Margin for Q1 FY21 is 1.7%

The Company's revenue from operations for Q1 FY21 are Rs. 1,068 crores, EBITDA (excluding interest income) stood at Rs. 18 crores, and PAT stood at Rs. 17 crores. The fall in revenue was primarily due to disruptions in most markets in the first quarter. While solar installations in India continue to be impacted due to COVID-19, most global markets we operate in, have started to come back to pre-COVID levels. This is reflected in the increased order inflows in key global markets like Australia and US.

Commenting on the results and the business outlook, Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar Limited said, "Revenues for Q1 FY21 got impacted as work at our projects suffered disruptions, due to the world wide pandemic and resultant lockdown on account of COVID-19. However, construction activities have recently commenced at majority of our project sites and we are now operating at efficiencies of around 80-85%, which would be gradually getting ramped up to 100% in due course. We are therefore confident that H2 FY21 would transform the overall financial outlook for the year, leading to an anticipated revenue growth over the last financial year.

Our strategy to expand our footprint in major solar power markets of Australia, USA and South America have started bearing fruits, enabling us to judiciously diversify our geographical presence. We are pleased that even in such challenging times, we have been able to sign contracts worth Rs. 5,696 crores over the last 5 months, thereby strengthening our order book position. Over the past few years, the European market has grown substantially and has excellent growth potential. We are considerably reinforcing our management teams in Spain, which will help us cater to this highly potential market as well.

We continue to leverage our EPC expertise to add projects into our O&M portfolio which is a high margin annuity-based business.

Our deep-rooted client relationships, global presence, ability to provide customized solutions, strong track record of executing complex and large-scale projects supported by a robust balance sheet has enabled us to achieve a large order booking in the current year compared to the last financial year despite the impact of COVID-19".

Source: Equity Bulls

Click here to send ur comments or to

Amazon Great Indian Festival 2020 - Mobiles

Other Headlines:

Mastek Ltd - Key Operating Highlights for Q2FY21

Butterfly Gandhimathi Appliances Ltd board to consider interim dividedn on Nov 4, 2020

Vaibhav Global Ltd Board declares Second Interim Dividend of Rs. 5

Mastek Ltd board declares interim dividend of Rs. 5.50 for FY21

Mastek Ltd Q2FY21 consolidated net profit rises to Rs. 50.95 crore

Vedavaag Systems Ltd Q2FY21 consolidated net profit at Rs. 1.50 crore

Welspun India Ltd reports consolidated PAT of Rs. 179.70 crore in Q2FY21

Vaibhav Global Ltd Q2FY21 consolidated PAT climbs to Rs. 70.55 crore

Strides Pharma Science Ltd Q2FY21 consolidated net profit lower at Rs. 80.94 crore

Shriram Transport Finance Company Ltd Board declares Interim Dividend of Rs. 6

Zensar Technologies Ltd Q2FY21 consolidated PAT plunges to Rs. 0.50 crore

MCX and IEX signed licensing agreement for launch of electricity derivatives in India

Shriram Transport Finance Company Ltd announces Q2FY21 results

TATA Chemicals reports Q2FY21 earnings

De Nora India Ltd Q2 net profit at Rs. 0.14 crore

AEGIS Logistics Ltd Q2FY21 consolidated net profit soars to Rs. 56.96 crore

PTC India Financial Services Ltd posts consolidated PAT of Rs. 31.85 crore in Q2FY21

South India Paper Mills Ltd Q2FY21 net profit at Rs. 6.99 crore

Blue Dart announces Q2 results, Sales at ₹864.42 crores

Kranti Industries Ltd signs MoU with Brembo Brake India Pvt Ltd.

Vodafone Idea Limited reports earnings for Q2FY21

Thomas Cook India & SOTC Introduce Attractive Air Inclusive Holidays - Partner with IndiGo to launch Crazy Deals IndiGo Special

Indian Energy Exchange Limited signs license agreement with MCX

Surya Roshni Ltd board declares interim dividend of Rs. 1.50

Security & Intelligence Services India Ltd Q2FY21 consolidated PAT soars to Rs. 108.08 crore

Purity Flex Pack Ltd Q2FY21 PAT jumps to Rs. 2.39 crore

Surya Roshni Ltd posts consolidated PAT of Rs. 41.92 crore in Q2

Bajaj Healthcare Ltd Q2FY21 PAT jumps to Rs. 20.11 crore

TVS Motor Company Ltd Q2FY21 consolidated PAT at Rs. 179.93 crore

Orient Cement Ltd posts net profit of Rs. 34.81 crore in Q2FY21

MRPL Q2FY21 consolidated PAT at Rs. 111.63 crore

FDC Limited introduces stronger versions of Favipiravir drugs PiFLU and Favenza

Geojit launches global investment platform

RBL Bank and Visa launch instant payouts for fintechs

Chemfab Alkalis Q2FY21 net profit slides to Rs. 0.65 crore

Banaras Beads Ltd Q2 net profit at Rs. 0.86 crore

Astec LifeSciences Ltd's consolidated PAT rises to Rs. 17.84 crore in Q2FY21

GeeCee Ventures Ltd Q2FY21 consolidated net profit at Rs. 2.34 crore

JK Paper Ltd to raise Rs. 260 crore through NCDs

TCS Launches #ThisRun, a Unique Global Community for Runners

Wipro and IBM strengthen relationship; announce the expansion of IBM Hybrid Cloud Practice

Laurus Labs Ltd Board approves dividend of Rs. 0.80

Sunteck Realty Ltd affirmed 'AA-/Stable' long-term and 'A1+' short-term rating by ICRA

Wonderla Theme Park and Resort set to reopen in Bangalore, dedicates first week for COVID-19 Warriors

Canara Bank Q2FY21 consolidated PAT at Rs. 465.88 crore

Andhra Paper Ltd reports loss of Rs. 15.93 crore in Q2FY21

JK Paper Ltd posts Rs. 33.40 crore consolidated PAT in Q2FY21

Saint-Gobain Sekurit India Ltd Q2 net profit at Rs. 2.12 crore

Amarjothi Spinning Mills Ltd Q2FY21 consolidated PAT surges to Rs. 6.16 crore

Ultracab India Ltd posts net profit of Rs. 0.45 crore in Q2

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019