According to reports from CNBC TV18, Saatvik Green Energy reported a 95.3% year-on-year decline in profit to ₹5.51 crore for the first quarter of FY27, compared with ₹116.60 crore in the year-ago quarter. Revenue declined 44.2% year-on-year to ₹511.01 crore from ₹915.73 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) fell 80.5% to ₹33.83 crore from ₹173.68 crore. The EBITDA margin stood at 6.6%, compared with 19% in Q1 FY26, indicating significant operational challenges during the quarter.
As reported by CNBC TV18, the company's revenue declined 44.2% year-on-year to ₹511.01 crore from ₹915.73 crore in the previous year. The EBITDA margin compressed significantly to 6.6% from 19% in Q1 FY26, reflecting operational pressures during the quarter. Despite the revenue decline, the company maintained its confirmed order book at approximately 6.35 GW, equivalent to around 132% of its operational module capacity of 4.8 GW, providing strong medium-term visibility for future growth.
According to CNBC TV18, the company continued work on its manufacturing expansion and value-chain integration during the quarter. At its Gopalpur integrated manufacturing facility in Odisha, the 2.4 GW cell manufacturing line will begin ramp-up shortly, with ALMM-II inspection planned for September. The 4 GW module manufacturing line is scheduled to begin ramp-up by the end of August. Beyond Phase I, Saatvik is progressing with Phase II, which will add 3.6 GW of cell manufacturing capacity and take its total cell manufacturing capacity to 6 GW, with site activities targeted to begin by the end of Q2 FY27 and completion targeted by FY28.
As reported by CNBC TV18, shares of Saatvik Green Energy ended at ₹426.75, down by ₹15.15, or 3.43% on the BSE following the results announcement. The company's debt-to-equity ratio improved to 0.99x as of June 2026, compared with 1.28x in Q1 FY26, demonstrating improved financial discipline. For the remainder of FY27, Saatvik plans to focus on manufacturing scale-up, order execution, portfolio diversification and deeper value-chain integration while maintaining disciplined capital allocation.
