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Sterling and Wilson’s Q4 Net Loss Grows as Returns from EPC Projects Drop

Revenue from EPC business dropped by 96% YoY to ₹395.8 million

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The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy’s consolidated net loss widened by 231% to ₹4.21 billion (~$51 million) for the fourth quarter (Q4) of the financial year (FY) 2023 compared to the loss of ₹1.27 billion (~$15 million) in Q4 FY 2022 due to lower returns from EPC projects.

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