Sterling And Wilson Renewable Energy Share Price Falls After Q4 Profit Misses Estimates Despite Twofold Jump

Sterling and Wilson Renewable Energy Ltd.'s share price on Friday fell over 5% after it missed analysts estimates despite a twofold jump in profit.

The company's net profit surged to Rs 55.01 crore during the January-March period of fiscal 2025. That compares with a consensus estimate of Rs 70.15 crore by analysts polled by Bloomberg.

In the year-ago period, the company posted a net profit of Rs 1.40 crore.

The renewable energy provider's revenue more than doubled to Rs 2,519.11 for the quarter under review from Rs 1,178.01 crore for the same period last year. This, according to the company, is the highest ever quarterly revenue reported since its listing.

Sterling and Wilson's unexecuted order value stood at Rs 9,096 crore as of March 31, in comparison to Rs 8,084 crore during the same period last year. However, the domestic inflows rose over 21% year-on-year.

The shares of Sterling and Wilson fell as much as 5% to Rs 310.70 apiece, the lowest level since April 23. It pared losses to trade 3.70% lower at Rs 314.95 apiece, as of 9:50 a.m. This compares to a 0.36% decline in the NSE Nifty 50 Index.

It has fallen 52.96% in the last 12 months and 32.05% year-to-date. Total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was at 50.79.

Out of four analysts tracking the company, three maintain a 'buy' rating and one recommends a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 31.4%.