Sterling and Wilson Renewable Energy Ltd  (SWERL) is the top loser on the BSE despite posting a good set of earnings for Q3FY25 as profit booking came in, following the market moods.

The stock price slipped to an intraday low at Rs.426.05,  a decline of 11.5% and continues to trade around this level and is currently the top loser on the BSE.

The company, for Q3FY25, posted a 215% (YoY) jump in revenue from operations at Rs.1837 crore, its second highest quarterly revenue milestone since going public. This was on the back of an accelerated pace of execution in both domestic and international EPC projects.

EBITDA came in at Rs.90 crore v/s loss of Rs.16 crore. PBT was at Rs.41 crore v/s loss of Rs.61 crore and the turnaround was in PAT too at Rs.17 crore v/s loss of Rs.62 crore. It had a deferred tax charge of Rs.18 crore for the Q3, barring which the profit would have been much higher.

The company’s 3Q net debt has also decreased sequentially by Rs.150 crore to  Rs.175 crore, owing to improved cash flows and indemnity receipts during the quarter.

The order inflow was good at Rs.5,679 crore in the nine-month period including two domestic order/LOA wins in the third quarter.