| Revenue growth | +77% QoQ; +17.5% YoY |
|---|---|
| Margins | EBITDA margin 7.7% vs 8.33% Q1, 16.45% Q2 FY26 |
| Order book | 6.68 GW, ~110% of installed module capacity |
| Demand visibility | 6.68 GW confirmed order book; 1.76 GW added in H1 |
| Management confidence | Upbeat; cites order visibility and integration thesis |
Growth
Revenue +77% QoQ and +17.5% YoY to ₹9,026 Mn. PAT ₹202 Mn, down 76% YoY; EBITDA margin 7.7% vs 16.45%.
Outlook
Odisha 4 GW module capacity full by Dec 2026; cell production Q3 FY27; 3.6 GW Cell Phase II by FY28; 6.68 GW order book.
Risks
Margins compressed to 7.7% from 16.45% YoY. Odisha ramp-up execution risk, pending ALMM-II inspection, and D/E rising to 1.37.
Last quarter's promises, checked
Delivered
- Q2 volume to improve → 640 MW vs 334 MW in Q1 (= BEAT)
- Solar kits and hybrid inverter 'in pipeline' → launched; lithium battery added (= BEAT)
Partly delivered
- FY27 sales 3.5–4 GW → H1 974 MW (= PARTIAL)
- FY27 revenue ~₹6,000 Cr → H1 ₹1,414 Cr (= PARTIAL)
Missed
- FY27 EBITDA ~12% → Q1 8.33%, Q2 7.7% (= MISS)
- FY27 PAT margin 6–7% → Q2 ~2.2% (₹202 Mn/₹9,026 Mn) (= MISS)
- Cell ramp start late Aug/early Sep 2026 → cell production Q3 FY27 (= MISS)
Investor Presentation filed with BSE, NSE: SAATVIKGL. Summary written with AI assistance from the document.
Saatvik Green Energy Ltd: key numbers
- Share price
- ₹368.70
- Market cap
- ₹4,686 Cr
- Revenue (annual)
- ₹4,548 Cr
- Net profit (annual)
- ₹357.3 Cr
- P/E (TTM)
- 18.9×Sector 43.7×
- Promoter holding
- 75.99%+0.00% QoQ
- FII holding
- 0.12%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Saatvik Green Energy Ltd
All →Saatvik Green Energy Other Announcement
Saatvik Green Energy filed a Crisil monitoring agency report on IPO proceeds for the quarter ended September 2026. The report records no deviation from the issue objects.
Saatvik Green Energy Q2 FY27 Results: Net Profit ₹20.2 Cr, Down 76.2% YoY
Saatvik Green Energy Ltd reported revenue from operations of ₹902.6 Cr (+17.5% YoY) and net profit of ₹20.2 Cr (-76.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹20.2 Cr · -76.2% YoY
Saatvik Green Energy Production Started
Saatvik Green Energy's subsidiary began commercial production at its Gopalpur solar PV module facility in Odisha. Phase I capacity is approximately 1.3 GW of a planned 4 GW project.
- solar PV module manufacturing capacity
- 1.3 GW
Saatvik Green Energy Board Meeting Date
Saatvik Green Energy has scheduled a board meeting on November 5, 2026 to consider unaudited results for the quarter and half year ended September 30, 2026. The trading window will reopen 48 hours after the results are declared.
Saatvik Green Energy Product Launch
Saatvik Green Energy launched its high-efficiency Quad-Cut TOPCon 3.0 dual glass bifacial solar module at the REI Expo 2026. This launch targets India's utility-scale and commercial markets.
Saatvik Green Energy Other Announcement
The company submitted its quarterly shareholding pattern as of September 30, 2026. The report includes updates regarding changes in the composition of the promoter group.