Mumbai, Jan. 16 -- The company has, however, seen a significant sequential recovery, moving back into the black from a net loss of Rs 478 crore recorded in Q2 FY26.

Revenue from operations rose by 13.9% YoY to Rs 2,092 crore during the period under review.

EBITDA declined by 30.1% to Rs 51 crore in Q3 FY26 from Rs 73 crore recorded in Q3 FY25. EBITDA margin for Q3 FY26 was 2.4% as against 4.0% in Q3 FY25.

Profit before tax in Q3 FY26 stood at Rs 5 crore, which is significantly lower as compared with the pre-tax profit of Rs 41 crore recorded in Q3 FY25.

During Q3 FY26, the company signed a 5-year framework agreement with Adani Green, and also secured its first BOS order from them.

SWREL also secured its second South African order wor...