Revenue for the quarter declined 22.8% to ₹1,945 crore, compared to ₹2,519 crore a year ago.
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Shares of Sterling and Wilson Renewable Energy Ltd. were trading around 2% higher on Thursday, April 23, after the company reported its March quarter results.
The company posted a net profit of ₹135 crore for the fourth quarter, more than doubling from ₹55.4 crore in the same period last year.
However, revenue for the quarter declined 22.8% to ₹1,945 crore, compared to ₹2,519 crore a year ago.
The company saw its EBITDA rising 9% year-on-year to ₹145.5 crore from ₹133.4 crore. Margins improved to 7.5% from 5.3% in the year-ago quarter.
