Shares of Sterling and Wilson Renewable Energy Ltd rallied 13% to touch a day’s high of Rs 223.70 on 16th January. Investors reacted to the company’s third-quarter results and a strong order book.

Sterling and Wilson Renewable Energy’s revenue rose 14% YoY to Rs 2,092 crore in the quarter. This is up from Rs 1,837 crore a year ago.

Profitability was hit by a one-time contract termination charge, leading to a net loss of Rs 2.8 crore. In comparison, there was a profit of Rs 14.83 crore last year. The charge was Rs 30.8 crore.

EBITDA fell 5% to Rs 66.9 crore from Rs 70.4 crore, with margins narrowing to 3.2% from 3.8%.

The company secured new orders worth Rs 3,086 crore in the quarter. Moreover, it expects FY26 order inflows to exceed Rs 11,000 crore, up around 60% YoY.

Its order book stood at Rs 10,413 crore at the end of the quarter.

Sterling and Wilson Renewable Energy recorded 48% revenue growth in the first nine months of FY26. This is ahead of its full-year guidance of 20%.

During Q3, the company signed a five-year framework agreement with Adani Green Energy to support future orders.

At 2:24 PM, shares of Sterling and Wilson were trading 8.52% higher at Rs 214.97 on NSE.

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