Saatvik Green Energy Earnings Call Transcript: Key Takeaways
Q2 revenue rose 77% QoQ on volume recovery, but H1 revenue fell 16% YoY and Q2 profit fell 76% YoY. Leverage rose sharply, and the FY27 guidance needs a steep H2 ramp.
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Q2 revenue rose 77% QoQ on volume recovery, but H1 revenue fell 16% YoY and Q2 profit fell 76% YoY. Leverage rose sharply, and the FY27 guidance needs a steep H2 ramp.
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.
Q2 FY27 revenue ₹902.6 Cr (+77% QoQ, +17.5% YoY), PAT ₹20.2 Cr, EBITDA margin 7.7%. Odisha integrated cell-module expansion is ramping.
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.
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.
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 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.
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.
Saatvik Green Energy secured a Rs.100 Crore order from MSEDCL to supply 5,000 solar pumps. The project includes installation and a five-year system maintenance contract.
Saatvik Green Energy's subsidiary, formerly Saatvik Transvolt Solutions Private Limited, has converted into a public limited company. The subsidiary is now named Saatvik Transvolt Solutions Limited.
Saatvik Green Energy held its 11th Annual General Meeting on September 24, 2026, where shareholders adopted financial statements and approved all proposed resolutions with requisite majority.
Saatvik Green Energy Limited secured a Rs. 1,041.63 crore order from Solar Energy Corporation of India for supplying Solar PV Modules. This contract strengthens the company's order book.
Saatvik Green Energy Limited announced that its subsidiary, Melcon Transformers and Electricals Private Limited, has changed its name to Saatvik Transvolt Solutions Private Limited.
Saatvik Green Energy's subsidiary, Saatvik Solar Industries, secured a Rs. 297.5 Crore order for solar PV modules. The project will be completed by March 2027.
Saatvik Green Energy has filed the notice of its 11th Annual General Meeting scheduled for September 24, 2026, along with its Annual Report.
Saatvik Green Energy's subsidiary has applied for ALMM enlistment for its new 2.4 GW solar cell manufacturing facility in Odisha. This project strengthens the company's domestic manufacturing capabilities.
Saatvik Green Energy's subsidiary received a Rs. 190 Crore order from an independent power producer for Solar PV module supply, to be executed by March 2027.
Saatvik Solar signed an MoU with the Odisha Government to establish a 3.6 GW solar cell manufacturing facility. This Phase II expansion at Gopalpur targets production by FY28.
Management is masking a weak Q1 performance by pivoting to aggressive future targets. Revenue fell 44% YoY due to execution delays and raw material volatility.
Saatvik Green Energy's Q1 FY27 revenue stood at ₹511 Crore, with a PAT of ₹5.4 Crore amid manufacturing expansion and new product launches.
Saatvik Green Energy Limited has appointed Protiviti India Member Private Limited as Internal Auditor and K K Sinha & Associates as Cost Auditor.
Saatvik reported a sharp decline in Q1 FY27 performance as it transitions to a cell-led integrated manufacturing model via major expansion in Odisha.
The company appointed Protiviti India Member Private Limited as Internal Auditor and M/s K. K. Sinha & Associates as Cost Auditor for the FY 2026-27.
Saatvik Green Energy Ltd reported revenue from operations of ₹511 Cr (-44.2% YoY) and net profit of ₹5.4 Cr (-95.4% YoY) for Q1 FY27.
Saatvik Green Energy’s subsidiary secured a ₹132 Crore order from an Independent Power Producer for the supply of Solar PV modules.
Saatvik Green Energy's subsidiary received an order for Solar PV Modules from Vikran Engineering Limited. The contract value totals ₹476 Crore.
Saatvik Green Energy's subsidiary, Saatvik Solar Industries, secured a Rs.400.16 Crore order for supplying Solar PV modules. Delivery is scheduled for completion by March 2027.
Saatvik Green Energy has scheduled a board meeting on August 14, 2026. The board will consider and approve unaudited financial results for the quarter ended June 30, 2026.
Saatvik Green Energy's wholly-owned subsidiary will provide a ₹37 crore corporate guarantee to Axis Bank for credit facilities extended to promoter group entity Saatvik Agro Processors.
Saatvik Green Energy's subsidiary, Saatvik Cleantech EPC, issued a ₹160 Crore corporate guarantee for Intelligent Hydel Solutions' loan facility, pledging its 49% stake.