Sterling & Wilson Q1 results show revenue drop, stock falls 9%
after close1 source ↓written by the desknot a recommendation
- on 16 July
- 9%
- to ₹1
- 9.7% revenue decline
- in net profit
- 69% rise
- to ₹79.6 crore
- 8%
- margins flat
- 5%
Shares of Sterling & Wilson Renewable Energy Ltd. fell nearly 9% on 16 July after reporting a 9.7% revenue decline to ₹1,590.1 crore for the June quarter. Despite a 69% rise in net profit to ₹54.2 crore, driven by lower tax expenses, EBITDA also decreased 8% to ₹79.6 crore, with margins flat at 5%.
This performance may raise concerns among investors regarding future growth prospects.
Not investment advice. For informational purposes only.