SWSOLAR .................................................................................................................
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| KEY HIGHLIGHTS FOR 1Q FY25
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• Unexecuted order value at ~INR 9,396 crore as of June 2024
compared to ~INR 8,084 crore as of Mar 2024
• Company has received new orders / LOI in three domestic
projects worth ~INR 1,016 crore during the quarter
• Company received two turnkey international orders from South
Africa amounting to ~USD 140 mn
• Commenced a pilot project for Solar plus BESS for Reliance
Industries at Jamnagar, Gujarat
• P&L of the company continues to improve
• Consol revenues up ~78% YoY in 1QFY25
• Gross margins at ~11%
• Second consecutive quarter of positive EBITDA, PBT and PAT
at a consolidated level
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• The company’s balance sheet continues to de-leverage
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• Total net debt of ~INR 97 crore as of Jun 2024, compared
to net debt of ~INR 116 crore in Mar 2024
• No upcoming debt repayments till 3QFY25
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Received order of 900 MW DC in 1QFY25
• Received a turnkey solar PV order from AMEA Power in South
Africa for a ~140 MW DC project
• Through this project, SWREL has achieved a key breakthrough in
the rapidly growing South African solar market.
• We have successfully executed a 90 MW DC order in South
Africa in 2016 previously, and continue to maintain O&M
operations there
• Bagged our second international order from South Africa with a
turnkey package for a 80 MW AC project from Energy Group
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.