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Sterling & Wilson reported a net profit of ₹14.8 crore for the December quarter, in comparison to a net loss of ₹63.7 crore that the company had reported during the December quarter last year.
The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at a positive ₹70.5 crore, compared to a loss of ₹16 crore during the same period last year.
EBITDA margin for the quarter stood at 3.8%.
Revenue for Sterling & Wilson increased to ₹1,837 crore, which is nearly triple of the ₹583 crore topline reported in the year-ago period.
Year-to-date order inflow for Sterling & Wilson stands at ₹5,920 crore, while the total order book, as of December, stood at ₹12,250 crore.
The company will be holding its analyst call on Friday, January 17.
Shares of Sterling & Wilson Renewable Energy are trading 9.2% higher following the result announcement at ₹463.55. The stock has nearly halved from its peak of ₹828. The stock has been an underperformer during the last 12 months, having gained only 1.3%.
