Sterling and Wilson Solar’s QoQ Revenue Up 20% in Q2 FY22
The company registered a net loss of ₹2.84 billion in Q2 FY22
November 16, 2021
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Sterling and Wilson Solar, the solar engineering and construction arm of the Shapoorji Pallonji Group, has recorded a revenue of ₹14.38 billion (~$193.24 million) in the second quarter (Q2) of the financial year (FY) 2022, up from the ₹11.95 billion (~$161.12 million) in Q1. This represents a quarter-over-quarter (QoQ) growth of more than 20%. However, the profitability remains impacted due to the challenging environment across the entire solar industry value chain.