SWSOLAR's Q1 FY27 saw revenue at 1,590 Cr, a decline from last year, mainly due to delayed commencement of six large EPC projects expected to boost H2 FY27 financials.

Despite this, Profit After Tax jumped 36% YoY to 55 Cr, driven by a strong 40% YoY growth in O&M revenue.

The company secured a major 1 GW + 600 MWh BESS project in Egypt (SWREL share ~2,641 Cr), contributing to a record Unexecuted Order Value of 13,024 Cr.

Their O&M portfolio expanded to 18.3 GW.

Management expects EPC gross margins to stabilize at 8-10% and O&M at ~20%. A robust domestic EPC and BESS pipeline ensures future growth visibility, with international projects in South Africa and Egypt yet to commence execution.