ALFA Finder| 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
- ₹359.55
- Market cap
- ₹4,570 Cr
- Revenue (annual)
- ₹4,548 Cr
- Net profit (annual)
- ₹357.3 Cr
- P/E (TTM)
- 24.6×Sector 44.3×
- 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 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.
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 Investor Presentation: Key Takeaways
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 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.