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Sterling and Wilson Renewable Energy falls on reporting consolidated net loss of Rs 54.51 crore in Q2
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Sterling and Wilson Renewable Energy is currently trading at Rs. 273.50, down by 1.95 points or 0.71% from its previous closing of Rs. 275.45 on the BSE.
The scrip opened at Rs. 289.20 and has touched a high and low of Rs. 289.20 and Rs. 269.00 respectively. So far 51507 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 408.75 on 07-Aug-2023 and a 52 week low of Rs. 253.45 on 19-Oct-2023.
Last one week high and low of the scrip stood at Rs. 310.00 and Rs. 253.45 respectively. The current market cap of the company is Rs. 5175.41 crore.
The promoters holding in the company stood at 69.04%, while Institutions and Non-Institutions held 9.83% and 21.13% respectively.
Sterling and Wilson Renewable Energy has reported net profit at Rs 14.87 crore for the second quarter ended September 30, 2023 as compared to net loss of Rs 55.31 crore for the same quarter in the previous year. Total income of the company reported over 2- fold jump at Rs 709.83 crore for Q2FY24 as compared Rs 331.92 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss at Rs 54.51 crore for Q2FY24 as compared to net loss of Rs 298.71 crore for the same quarter in the previous year. However, total income of the company increased by 89.08% at Rs 776.73 crore for Q2FY24 as compared Rs 410.80 crore for the corresponding quarter previous year.
