UNLOCKING THE SECRETS OF STERLING & WILSON RENEWABLE’S MULTIBAGGER JOURNEY
Published By MintGenie Team | 23 Apr, 2024
Sterling & Wilson Renewable Energy's stock surged 114% in less than six months, reaching ₹566 from ₹263.85 per share.
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The increase is attributed to improved financial performance and successful order acquisitions.
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In Q4FY24, the company reported a net profit of ₹1.40 crore, contrasting with a net loss of ₹421.11 crore in Q4FY23.
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Total income surged to ₹1,211.40 crore in Q4FY24 from ₹86.36 crore in the previous year.
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For FY24, the company narrowed its net loss to ₹210.79 crore from ₹1,174.96 crore in FY23, with positive EBITDA at ₹54 crore.
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Total income rose to ₹3,120.79 crore in FY24 from ₹2,125.87 crore in the preceding fiscal.
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Sterling & Wilson Renewable Energy significantly reduced its net debt to ₹116 crore in FY24 from ₹1,966 crore in FY23.
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The company's unexecuted order value surged to ₹8,084 crore in March 2024 from ₹4,913 crore in March 2023.
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With a strategic partnership with Reliance Industries and expertise in solar EPC solutions, the company is well-positioned to advance in the renewable energy sector.
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As the global solar O&M market anticipates rapid growth, Sterling & Wilson Renewable Energy is poised to capitalize on emerging opportunities, supported by its global presence and strong track record.