Sterling & Wilson Renewable Energy Q2 results: profit at ₹7.05Cr, Revenue increased by 35.68% YoY

Sterling & Wilson Renewable Energy Q2 Results Live : Sterling & Wilson Renewable Energy declared its Q2 results on 14 October 2024, showcasing a significant turnaround with a profit of ₹7.05 crore. This marks a substantial improvement compared to a loss of ₹54.25 crore during the same period last fiscal year. The company's revenue also experienced a robust growth of 35.68% year-on-year, reflecting positive momentum in its operations.

In comparison to the previous quarter, Sterling & Wilson's revenue saw a growth of 12.61%. The company reported that its Selling, General & Administrative expenses rose slightly by 0.94% quarter-on-quarter but decreased by 15.16% year-on-year, indicating effective cost management strategies.

However, the operating income faced a decline of 30.72% quarter-on-quarter, although it surged by an impressive 607.8% year-on-year, highlighting the company's strong performance relative to the same period last year.

The Earnings Per Share (EPS) for Q2 stood at ₹0.3, reflecting an impressive increase of 110.49% year-on-year, showcasing the company's enhanced profitability.

Market performance has been favorable for Sterling & Wilson Renewable Energy, with a return of 6.85% over the last week, 11.72% over the past six months, and a notable 28.33% year-to-date return. Currently, the company holds a market capitalization of ₹12,952.59 crore, with a 52-week high of ₹828 and a low of ₹253.

As of 15 October 2024, out of three analysts covering the stock, two have issued a 'Buy' rating while one has given a 'Strong Buy' rating. The consensus recommendation indicates a strong buy, reflecting confidence in the company's future prospects.