Sterling & Wilson Renewable Energy Reports Strong Q3 FY24-25 Financial Results Amid Rising Costs

Sterling & Wilson Renewable Energy has released its financial results for the third quarter of FY24-25, showcasing notable developments in its performance metrics. The company reported net sales of Rs 1,837.20 crore, which reflects a substantial growth compared to the average net sales recorded in the previous four quarters.
In terms of profitability, Profit Before Tax (PBT) reached Rs 35.62 crore, indicating a significant shift from the average PBT of the prior four quarters. Profit After Tax (PAT) also demonstrated a strong upward movement, achieving Rs 14.83 crore, a notable contrast to the average figures from the previous period.

The operating profit for the quarter was reported at Rs 70.33 crore, marking the highest level in five quarters, with an operating profit margin of 3.83%. Furthermore, earnings per share (EPS) reached Rs 0.64, the highest recorded in the last five quarters, suggesting a positive trend in profitability. However, it is important to note that interest expenses increased to Rs 59.55 crore, indicating a rise in borrowing costs compared to the previous half-year period.

Overall, these results have led to an adjustment in evaluation for Sterling & Wilson Renewable Energy, reflecting the company's evolving financial landscape.

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