Sterling & Wilson saw its shares dip sharply by more than 4% following the release of its Q2 results. As of 1:37 AM, the shares were trading 4.92% lower at Rs 231.10.
The company reported a net loss of ₹473.3 crore, a stark contrast to a modest profit of ₹7 crore in the same period last year.
On the brighter side, revenue jumped nearly 70% to ₹1,748 crore compared to ₹1,030 crore last year, reflecting strong business growth. However, profitability took a hit, with EBITDA dropping 79% to just ₹3.7 crore from ₹17.2 crore a year ago, and margins shrinking to 0.2% from 1.7% YoY.
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