Sterling and Wilson Solar reports 71% fall in Q2 consolidated net profit

13 Nov 2020 Evaluate

Sterling and Wilson Solar has reported results for the second quarter ended September 30, 2020.

The company has reported net loss at Rs 18.12 crore for the quarter under review as compared to net profit of Rs 66.66 crore for the same quarter in the previous year. Total income of the company decreased by 51.30% at Rs 499.09 crore for Q2FY21 as compared Rs 1024.92 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 70.74% in its net profit attributable to owners at Rs 23.42 crore for the quarter under review as compared to net profit at Rs 80.03 crore for the same quarter in the previous year. However, total income of the company increased by 8.71% at Rs 1375.94 crore for Q2FY21 as compared Rs 1265.65 crore for the corresponding quarter previous year.

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