Sterling & Wilson reports a mixed performance in its Q1 results for the June quarter of FY27. The company’s net profit increases sharply year-on-year, rising 69% to ₹54.2 crore from ₹32 crore in the corresponding quarter of FY26. At the same time, revenue declines, falling about 10% to ₹1,590 crore. Following the announcement, the company’s share price declines. Business Standard reports a fall of around 9%, while NDTV cites a drop of roughly 8% soon after the results. The outlets agree on the direction and magnitude of both profit growth and revenue contraction, as well as the broad market reaction reflected in the share price movement. Overall, the results show profitability improving despite lower top-line revenue in the quarter, leading to a negative investor response reflected in the stock drop.
Sterling & Wilson Q1 profit rises 69% as revenue falls 10%, shares drop
Sterling & Wilson reports a mixed performance in its Q1 results for the June quarter of FY27. The company’s net profit increases sharply year-on-year, rising 69% to ₹54.2 crore from ₹32 crore in the c...
- Sterling & Wilson’s Q1 net profit rises about 69% to ₹54.2 crore year-on-year.
- Revenue for the quarter declines about 10% to ₹1,590 crore.
- Results are for the June quarter of FY27, compared with the June quarter of FY26.
- The company’s shares fall after the results, by roughly 8–9% across outlets.
The renewable energy company's revenue declined to ₹1,590 crore. Meanwhile, net profit rose 69% to ₹54.2 crore from ₹32 crore on a year-on-year basis.
6 hours agoThe company's profit climbed 69.4% year-on-year (YoY) to Rs 54.2 crore in the June quarter of FY27, from Rs 32 crore in the June quarter of FY26.
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