| Management target | Revenue FY27 |
|---|
| Revenue growth | Revenue fell 44% YoY to ₹5,110 million due to volume miss. |
|---|---|
| Margins | EBITDA margin up slightly to 8.33% despite lower utilization and headwinds. |
| Order book | Massive ₹8,200 Cr (6.35 GW) order book, mostly utility-scale projects. |
| Demand visibility | Strong forward visibility supported by ₹8,200 Cr order book. |
| Management confidence | Balanced; cautiously optimistic despite soft quarter, focusing on backward integration. |
Growth
Sharp decline in sales volume (334MW vs 579MW YoY) led to poor revenue growth.
Outlook
Guided FY27 revenue of ₹6,000 Cr with 12% EBITDA and ₹3500 Cr total capex.
Risks
Substantial debt spike to ₹1250 Cr and dependency on cell-line ramp-up timing.
Last quarter's promises, checked
Delivered
- Guided 2.4 GW cell production start by H2 FY27 → delivered July 2026 equipment move-in (= BEAT)
- Guided 2 GW EPE encapsulant capacity → delivered 2 GW commissioned (= BEAT)
- Guided debt-equity ratio 1.0-1.5 during capex → delivered 0.65 (= BEAT)
Partly delivered
- Guided 4.8 GW cell roadmap → delivered expansion to 6 GW (= PARTIAL)
- Guided 2 GW encapsulant expansion → delivered roadmap increased to 5 GW (= PARTIAL)
Missed
- Guided FY26 Revenue growth → delivered ₹45,484M vs Q1 FY27 44% YoY drop (= MISS)
- Guided stable margins → delivered Q1 FY27 drop to 8.33% from 12.78% FY26 (= MISS)
- Guided 1,389MW+ sales volume → delivered 334MW in current quarter (= MISS)
Earnings Call Transcript filed with BSE, NSE: SAATVIKGL. Summary written with AI assistance from the document.
Saatvik Green Energy Ltd: key numbers
- Share price
- ₹427.45
- Market cap
- ₹5,433 Cr
- Revenue (annual)
- ₹4,548 Cr
- Net profit (annual)
- ₹357.3 Cr
- P/E (TTM)
- 21.9×Sector 45.9×
- Promoter holding
- 75.99%+0.00% QoQ
- FII holding
- 0.19%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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