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	Consolidated
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

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	Consolidated	Consolidated
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	25191100000	63018600000
	Other income	-126600000	396000000
	Total income	25064500000	63414600000
2	Expenses
(a)	Cost of materials consumed	22563000000	56609000000
(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	580500000	2000900000
(e)	Finance costs	310600000	1094500000
(f)	Depreciation, depletion and amortisation expense	31300000	143400000
(f)	Other Expenses
1	Other Expenses	711900000	1941400000
2	Not Applicable	0	0
3	Not Applicable	0	0
4	Not Applicable	0	0
5	Not Applicable	0	0
6	Not Applicable	0	0
7	Not Applicable	0	0
8	Not Applicable	0	0
9	Not Applicable	0	0
10	Not Applicable	0	0
	Total other expenses	711900000	1941400000
	Total expenses	24197300000	61789200000
3	Total profit before exceptional items and tax	867200000	1625400000
4	Exceptional items	0	0
5	Total profit before tax	867200000	1625400000
6	Tax expense
7	Current tax	217100000	365600000
8	Deferred tax	100000000	404300000
9	Total tax expenses	317100000	769900000
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	550100000	855500000
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	550100000	855500000
17	Other comprehensive income net of taxes	-170000000	-508600000
18	Total Comprehensive Income for the period	380100000	346900000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	553800000	814500000
	Total profit or loss, attributable to non-controlling interests	-3700000	-3700000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	392700000	316700000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-12600000	30200000
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		9837400000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.37	3.49
	Diluted earnings (loss) per share from continuing operations	2.37	3.49
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	2.37	3.49
	Diluted earnings (loss) per share from continuing and discontinued operations	2.37	3.49
24	Debt equity ratio	0.009	0.009
25	Debt service coverage ratio	0.0098	0.0017
26	Interest service coverage ratio	0.0256	0.0029
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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	419900000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	38700000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	2893100000
	Total non-current financial assets	2893100000
	Deferred tax assets (net)	246300000
	Other non-current assets	912300000
	Total non-current assets	4510300000
2	Current assets
	Inventories	26100000
	Current financial asset
	Current investments	100000
	Trade receivables, current	12540300000
	Cash and cash equivalents	5754600000
	Bank balance other than cash and cash equivalents	1354800000
	Loans, current	18200000
	Other current financial assets	10524500000
	Total current financial assets	30192500000
	Current tax assets (net)	9000000
	Other current assets	21562300000
	Total current assets	51789900000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	56300200000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	233500000
	Other equity	9837100000
	Total equity attributable to owners of parent	10070600000
	Non controlling interest	-125400000
	Total equity	9945200000
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	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	271600000
	Total non-current financial liabilities	5509500000
	Provisions, non-current	457000000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	5966500000
	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	26556000000
	Total Trade payable	27500400000
	Other current financial liabilities	675900000
	Total current financial liabilities	31953100000
	Other current liabilities	8043900000
	Provisions, current	146900000
	Current tax liabilities (Net)	244600000
	Deferred government grants, Current	0
	Total current liabilities	40388500000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	46355000000
	Total equity and liabilites	56300200000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	EPC business	24592800000	60640300000
2	Operation and maintenance service	592200000	2360600000
3	Other operating income	6100000	17700000
	Total Segment Revenue	25191100000	63018600000
	Less: Inter segment revenue	0	0
	Revenue from operations	25191100000	63018600000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	EPC business	2589200000	5890800000
2	Operation and maintenance service	32800000	501100000
3	Other operating income	0	0
	Total Profit before tax	2622000000	6391900000
	i. Finance cost	310600000	310600000
	ii. Other Unallocable Expenditure net off Unallocable income	1444200000	1444200000
	Profit before tax	867200000	1625400000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	EPC business	38470800000	38470800000
2	Operation and maintenance service	1000600000	1000600000
3	Other operating income	0	0
	Total Segment Asset	39471400000	39471400000
	Un-allocable Assets	16828800000	16828800000
	Net Segment Asset	56300200000	56300200000
4	Segment Liabilities
	Segment Liabilities
1	EPC business	34897600000	34897600000
2	Operation and maintenance service	491200000	491200000
3	Other operating income	0	0
	Total Segment Liabilities	35388800000	35388800000
	Un-allocable Liabilities	10966200000	10966200000
	Net Segment Liabilities	46355000000	46355000000
	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	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of defined benefit liability	-28900000	-46700000
2	Income-tax relating to items that will not be reclassified to profit or loss	11200000	11200000
3	Effective portion of (losses) / gain on hedging instruments in cash flow hedges	0	-3200000
4	Effective portion of (gain) / losses on hedging instruments in cash flow hedges reclassified to profit or loss	0	15900000
5	Exchange differences in translating financial statements of foreign operations	-152300000	-485800000
	Total Amount of items that will not be reclassified to profit and loss	-170000000	-508600000
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
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-170000000	-508600000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1625400000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1094500000
	Adjustments for decrease (increase) in inventories			-14700000
	Adjustments for decrease (increase) in trade receivables, current			-4365800000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-4808100000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-300700000
	Adjustments for other bank balances			200000
	Adjustments for increase (decrease) in trade payables, current			8556500000
	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			145800000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			-485800000
	Adjustments for provisions, current			-3300000
	Adjustments for provisions, non-current			-14200000
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			-108400000
	Adjustments for unrealised foreign exchange losses gains			-264200000
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			-10000000
	Adjustments for fair value losses (gains)			0
	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)			0
	Other adjustments for non-cash items			4100000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-574100000
	Net cash flows from (used in) operations			1051300000
	Dividends received			0
	Interest paid			0
	Interest received			101400000
	Income taxes paid (refund)			750000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			402700000
	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			100000
	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			0
	Purchase of property, plant and equipment			43500000
	Proceeds from sales of investment property			-8300000
	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			94700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-816200000
	Net cash flows from (used in) investing activities	-773400000
	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			6652500000
	Repayments of borrowings			2404400000
	Payments of lease liabilities			89600000
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1058200000
	Net cash flows from (used in) financing activities			3169800000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			2799100000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-800000
	Net increase (decrease) in cash and cash equivalents			2798300000
	Cash and cash equivalents cash flow statement at beginning of period			2956300000
	Cash and cash equivalents cash flow statement at end of period			5754600000