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Sterling and Wilson Renewable Energy’s consolidated net loss narrows to Rs 95.32 crore in Q1

13 Jul 2023 Evaluate

Sterling and Wilson Renewable Energy has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported net loss at Rs 22.80 crore for the quarter under review as compared to net loss of Rs 104.02 crore for the same quarter in the previous year. Total income of the company decreased by 47.28% at Rs 432.17 crore for Q1FY24 as compared Rs 819.80 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported net loss at Rs 95.32 crore for the quarter ended June 30, 2023 as compared to net loss of Rs 355.99 crore for the same quarter in the previous year. Total income of the company decreased by 56.87% at Rs 522.35 crore for Q1FY24 as compared Rs 1211.06 crore for the corresponding quarter previous year.

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