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.
Sterling & Wilson Renewable Energy Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1030.49 | 915.06 | +12.61% | 759.52 | +35.68% |
| Selling/ General/ Admin Expenses Total | 47.36 | 46.92 | +0.94% | 55.82 | -15.16% |
| Depreciation/ Amortization | 3.83 | 4.01 | -4.49% | 4.29 | -10.72% |
| Total Operating Expense | 1016.17 | 894.39 | +13.62% | 762.34 | +33.3% |
| Operating Income | 14.32 | 20.67 | -30.72% | -2.82 | +607.8% |
| Net Income Before Taxes | 20.07 | 14.66 | +36.9% | -49.95 | +140.18% |
| Net Income | 7.05 | 4.19 | +68.26% | -54.25 | +113% |
| Diluted Normalized EPS | 0.3 | 0.18 | +66.67% | -2.86 | +110.49% |
FAQs
What is the Q2 profit/Loss as per company?
₹7.05Cr
What is Q2 revenue?
₹1030.49Cr
