
Shares of Sterling and Wilson Renewable Energy saw a sharp decline today, hitting a 5% lower circuit and reaching a new 52-week low of Rs 338.60. In the past five days, the stock has dropped 14.30%, reflecting significant market pressure.
Today’s trading session saw the stock open at Rs 357.30, with a high of Rs 359.45 before falling to its lowest point at Rs 338.60. The stock’s 52-week high remains Rs 828.00, showing a notable gap from the current price.
In the meantime, Sterling and Wilson has reported impressive financial results for Q3 FY25, ending December 31, 2024. The company posted a revenue of ₹1,837.20 crore, marking a remarkable 78.3% increase QoQ from ₹1,030.49 crore in Q2 FY25 and a 215.2% rise YoY from ₹582.88 crore in Q3 FY24. Total income also saw substantial growth, reaching ₹1,842.67 crore, a 73.2% QoQ increase and a 202% YoY jump.
The company’s net profit for Q3 FY25 stood at ₹17.14 crore, a 100% rise QoQ from ₹8.57 crore, signaling a strong turnaround from a loss of ₹62.39 crore in Q3 FY24.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.