Integrated Filing — IndAS

General information about company
Scrip Code	542760
NSE Symbol	SWSOLAR
MSEI Symbol	NOTLISTED
ISIN	INE00M201021
Name of company	Sterling and Wilson Renewable Energy Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	24-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	17-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	24-Apr-2025   11:00:00
End date and time of board meeting	24-Apr-2025   13:45:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-01-16
Indicate Company website link for updated RPT policy of the Company	https://www.sterlingandwilsonre.com/pdf/policy-on-related-party-transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	20183100000	53870400000
	Other income	338200000	2053400000
	Total income	20521300000	55923800000
2	Expenses
(a)	Cost of materials consumed	18174000000	48498800000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	404300000	1365100000
(e)	Finance costs	309900000	1062300000
(f)	Depreciation, depletion and amortisation expense	23600000	97200000
(f)	Other Expenses
1	Other Expenses	536900000	1243100000
	Total other expenses	536900000	1243100000
	Total expenses	19448700000	52266500000
3	Total profit before exceptional items and tax	1072600000	3657300000
4	Exceptional items	0	0
5	Total profit before tax	1072600000	3657300000
6	Tax expense
7	Current tax	-22900000	8900000
8	Deferred tax	173700000	465800000
9	Total tax expenses	150800000	474700000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	921800000	3182600000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	921800000	3182600000
17	Other comprehensive income net of taxes	-13300000	16400000
18	Total Comprehensive Income for the period	908500000	3199000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	233500000	233500000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	3.95	13.64
	Diluted earnings (loss) per share from continuing operations	3.94	13.62
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	3.95	13.64
	Diluted earnings (loss) per share from continuing and discontinued operations	3.94	13.62
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	352900000
	Capital work-in-progress
	Investment property
	Goodwill	0
	Other intangible assets	37900000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	8042800000
	Trade receivables, non-current
	Loans, non-current	15214100000
	Other non-current financial assets	3152400000
	Total non-current financial assets	26409300000
	Deferred tax assets (net)	229000000
	Other non-current assets	912300000
	Total non-current assets	27941400000
2	Current assets
	Inventories	26100000
	Current financial asset
	Current investments	100000
	Trade receivables, current	10987600000
	Cash and cash equivalents	3807300000
	Bank balance other than cash and cash equivalents	875200000
	Loans, current	1819200000
	Other current financial assets	6083600000
	Total current financial assets	23573000000
	Current tax assets (net)
	Other current assets	18467300000
	Total current assets	42066400000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	70007800000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	233500000
	Other equity	29833100000
	Total equity attributable to owners of parent	30066600000
	Non controlling interest
	Total equity	30066600000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	5237900000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	497000000
	Total non-current financial liabilities	5734900000
	Provisions, non-current	406400000
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	6141300000
	Current liabilities
	Current financial liabilities
	Borrowings, current	3776800000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	944400000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	21058200000
	Total Trade payable	22002600000
	Other current financial liabilities	941100000
	Total current financial liabilities	26720500000
	Other current liabilities	6973500000
	Provisions, current	57100000
	Current tax liabilities (Net)	48800000
	Deferred government grants, Current
	Total current liabilities	33799900000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	39941200000
	Total equity and liabilites	70007800000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	EPC business	19700200000	51886000000
2	Operation and maintenance service	476800000	1966700000
3	Other Operating Income	6100000	17700000
	Total Segment Revenue	20183100000	53870400000
	Less: Inter segment revenue
	Revenue from operations	20183100000	53870400000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	EPC business	1983500000	5015800000
2	Operation and maintenance service	19500000	338100000
3	Other Operating Income	0	0
	Total Profit before tax	2003000000	5353900000
	i. Finance cost	309900000	309900000
	ii. Other Unallocable Expenditure net off Unallocable income	620500000	620500000
	Profit before tax	1072600000	3657300000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	EPC business	27606000000	27606000000
2	Operation and maintenance service	909900000	909900000
3	Other Operating Income	0	0
	Total Segment Asset	28515900000	28515900000
	Un-allocable Assets	41491900000	41491900000
	Net Segment Asset	70007800000	70007800000
4	Segment Liabilities
	Segment Liabilities
1	EPC business	28461500000	28461500000
2	Operation and maintenance service	453800000	453800000
3	Other Operating Income	0	0
	Total Segment Liabilities	28915300000	28915300000
	Un-allocable Liabilities	11025900000	11025900000
	Net Segment Liabilities	39941200000	39941200000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of defined benefit liability	-26500000	-44300000
2	Income tax relating to items that will not be reclassified to profit or loss	11200000	11200000
	Total Amount of items that will not be reclassified to profit and loss	-15300000	-33100000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
1	Effective portion of (losses) on hedging instruments in cash flow hedges	0	-3200000
2	Effective portion of losses on hedging instruments in cash flow hedges reclassified to profit or loss	0	15900000
3	Exchange differences in translating financial statements of foreign operations	2000000	36800000
	Total Amount of items that will be reclassified to profit and loss	2000000	49500000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-13300000	16400000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			3657300000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1062300000
	Adjustments for decrease (increase) in inventories			-14700000
	Adjustments for decrease (increase) in trade receivables, current			-4738600000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-3722000000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			65100000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			6058500000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			97200000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-1900000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-45700000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-589300000
	Adjustments for dividend income			0
	Adjustments for interest income			1632500000
	Adjustments for share-based payments			-5100000
	Adjustments for fair value losses (gains)			-3300000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			282200000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			-87800000
	Total adjustments for reconcile profit (loss)			-3275600000
	Net cash flows from (used in) operations			381700000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			594900000
	Other inflows (outflows) of cash			36800000
	Net cash flows from (used in) operating activities			-176400000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			5800000
	Purchase of property, plant and equipment			15800000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			255900000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-540000000
	Net cash flows from (used in) investing activities	-294100000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			69500000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			7457600000
	Repayments of borrowings			4696800000
	Payments of lease liabilities			86800000
	Dividends paid			0
	Interest paid			1131700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			1611800000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			1141300000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			36800000
	Net increase (decrease) in cash and cash equivalents			1178100000
	Cash and cash equivalents cash flow statement at beginning of period			2629200000
	Cash and cash equivalents cash flow statement at end of period			3807300000