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Sterling and Wilson Renewable Energy Limited Mar-23 Quarter,Revenue turndowns by 78.3% to Rs.88.43 Crore and Profit drastically reduces by 324.7% to Rs.-421.11 Crore.

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Sterling And Wilson Renewable Energy Ltd is a global pure-play, end-to-end renewable engineering, procurement and construction (EPC) solutions provider, it has achieved a revenue of Rs.88 Crore, which has turndowns by 78.3% as compared to previous quarter revenue of Rs.406.96 Crore.


The Major Segments have been, EPC business and Operation and maintenance service. The share of each major segments are

EPC business: 39.58 Crore [44.8%] and Operation maintenance service: 48.81 Crore [55.2%]. The change in segment revenue of EPC business segment drastically reduces by -88.6% and Operation and maintenance service segment plunge by -17.1% during the quarter.



On analysis, it is observed that EBITDA (Operating Profit) Margin has lessen to -398.19% from -15.68%.The reason for the drastically reduces of EBITDA Margin is due to,


a) Cost to Revenue % of Cost of Sales has increases sharply to 409.6% (Prev. Quarter: 108.1%). . Cost of Sales has slumps from Rs.439.76 Crore to 362.18 Crore.                                                                  


b) Cost to Revenue % of Employee Cost has spikes to 69.3% (Prev. Quarter: 15.5%). Employee Cost has nearly similar from Rs.62.91 Crore to 61.26 Crore.                                                                 


c) Cost to Revenue % of Other Expenses has spikes to 19.3% (Prev. Quarter: -7.8%). Other Expenses has raise from Rs.-31.9 Crore to 17.11 Crore.                                                                   


The finance cost has also, jumps from Rs.37.91 Crore to 59.5 Crore  by 57.0%



On an annual basis, the company has clocked revenue of Rs. 2015.01 Crore. It has plunge by -61.24% from previous financial year revenue of Rs. 5198.94 Crore.                                                                       


Profit has nose-dives to -1174.96 Crore from -915.76 Crore, a year ago. Net Profit After Tax Margin has slumps from -17.6% to -58.3% Primary reason that profit has nose-dives is due:


a) Cost to Revenue % of Cost of Sales has reduce to -51.2% (Prev. Quarter: 13.2%). Cost of Sales has downfall from Rs.5654.96 Crore to 2760.47 Crore.                                                                       


b) Cost to Revenue % of Employee Cost has drop to 8.8% (Prev. Quarter: 9.3%). Employee Cost has rise from Rs.227.89 Crore to 247.85 Crore.                                                                            


c) Cost to Revenue % of Other Expenses has flies to -40.5% (Prev. Quarter: -13.0%). Other Expenses has drastically reduces from Rs.229.57 Crore to 136.68 Crore.                                                                


The finance cost has increases sharply from Rs.76.71Crore to 144.91 Crore by 88.9%


Companies Return on Equity (ROE) is NA and Return of Capital Employed (ROCE) is NA. Company has in the past four years reflected a Compounded Annual Growth Rate (CAGR) in Revenue of -37.02% and a CAGR in profit of the past four years of NA .                                                                     

                                                                               

The Brief of Quarterly Results is as follows:



                                                                           

Disclaimer : The information and analysis of financial results or financial statements are purely informative in nature and shall not be consider as any form of investment or any other sort of advice to buy / sell / hold any stock , units or any other financial instruments or advice to make any other form of decision whatsoever.

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