Saatvik Green Energy reported a 95.3% year-on-year decline in profit to ₹5.51 crore for the quarter ended June 2026, 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 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. According to CNBC TV18, the company's debt-to-equity ratio improved to 0.99x as of June 2026, compared with 1.28x in Q1 FY26, indicating better financial health.
The company's confirmed order book stood at approximately 6.35 GW, equivalent to around 132% of its operational module capacity of 4.8 GW. As reported by CNBC TV18, the company continued to receive orders during the period, while additional orders secured subsequently further strengthened business visibility. 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 total cell manufacturing capacity to 6 GW, with site activities targeted to begin by the end of Q2 FY27.
During the quarter, Saatvik Green Energy launched the Saatvik SuryaConnect Solar Kit, a ready-to-install residential and commercial solar solution, and the Saatvik UDAY Plus Hybrid Inverter, combining solar power with battery backup. The company also continued to strengthen its presence across engineering, procurement and construction (EPC), transformers, battery energy storage systems (BESS) and distributed solar solutions. According to 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.
For the remainder of FY27, Saatvik Green Energy will focus on manufacturing scale-up, order execution, portfolio diversification and deeper value-chain integration. The company has also initiated planning for Phase III, which envisages 6 GW of ingot and wafer manufacturing capacity, targeted for completion by FY29 and aligned with the anticipated ALMM-III transition. CEO Prashant Mathur stated that Q1 FY27 marked strategic progress as the company continues investing ahead for the next phase of growth, with strong fundamentals providing robust medium-term visibility. The company remains committed to supporting India's renewable energy ambitions through reliable, scalable and technology-led clean energy solutions.
