Sterling and Wilson Solar announces financial results for the fourth quarter of 2020

Sterling and Wilson has announced its financial results for the fourth quarter of the fiscal year ended March 31, 2020. The company has reported a revenue of Rs 21,205 million, which is a 79 per cent increase over the amount of Rs 11,832 reported for same period in 2019. The company also recorded a net profit of Rs 1,285.8 million for the quarter ended March 31, 2020. Sterling and Wilson managed to earn a profit for the quarter ended March 31, 2020. However, this was a 56 per cent decline from the net profit recorded for the quarter ended in March 31, 2019. For the financial year 2019-20, the consolidated net profit of the company is Rs 3,042.7 million compared to Rs 6,382.3 million earned in the financial year 2018-19.