Sterling and Wilson Renewable Energy slumps after dismal Q1 performance
Sterling and Wilson Renewable Energy tumbled 6.30% to Rs 289.95 after the company reported a consolidated net loss of Rs 353.91 crore in Q1 FY23 as against a net loss of Rs 76.12 crore in Q1 FY22.
Revenue from operations rose 1% YoY to Rs 1,206.93 crore during the quarter.
On the segmental front, EPC business revenue was Rs 1,162.01 crore (up 2.5% YoY) while that from operation and maintenance service was Rs 44.03 crore (down 28.1% YoY) in the first quarter.
