*Sterling and Wilson Solar Ltd.* | *CMP* Rs. 433 | *M Cap* Rs. 6944 Cr | *52 W H/L* 509/184
(Nirmal Bang Retail Research)
*Result continued to remain weak*
Revenue from Operations came at Rs. 1438.4 Cr (20.4% QoQ, 7.6% YoY) vs QoQ Rs. 1194.6 Cr, YoY Rs. 1336.6 Cr
Higher direct project costs led to negative gross margins
EBIDTA came at Rs. -294.5 Cr (183.9% QoQ, -6853.4% YoY) vs QoQ Rs. -103.7 Cr, YoY Rs. 4.4 Cr
EBITDA Margin came at -20.5% vs QoQ -8.7%, YoY 0.3%
Adj. PAT came at Rs. -284.4 Cr vs QoQ Rs. -76.1 Cr, YoY Rs. 23.4 Cr
Quarter EPS is Rs. -17.7
Share is trading at P/E of -18.4x TTM EPS