Saatvik Green Energy shares hit record high after Q1 profit soars multifolds; here’s a look at earnings

At 10:10 AM, shares of Saatvik Green Energy were trading 10% higher at ₹551.70 on the National Stock Exchange (NSE).

Saatvik Green Energy’s revenue from operations rose 272.28% year-on-year to ₹915.73 crore, compared with ₹245.98 crore in the same period last year. The company’s operating performance also improved, with earnings before interest, taxes, depreciation and amortisation (EBITDA) rising to ₹181.06 crore from ₹40.59 crore, reflecting a 346.04% increase. The EBITDA margin expanded to 19.77%, up from 16.50% in Q1 FY25.

Meanwhile, profit before tax grew more than four times to ₹149.56 crore, while net profit surged to ₹118.82 crore, compared with ₹21.25 crore in the corresponding quarter last year, marking a 459.30% jump. Additionally, the PAT margin improved to 12.98% from 8.64% a year earlier.

The company’s return on capital employed (ROCE) also strengthened, rising to 24.32% in Q1 FY26 from 13.63% in Q1 FY25.

Operational highlights

During the quarter, Saatvik Green Energy produced 685 MW of solar modules, achieving a capacity utilisation of 81.47%. The company maintained a strong order book of 4.05 GW as of June 30, 2025.

Meanwhile, the Phase 1 expansion of the 4 GW Odisha facility remains on track and is scheduled for commissioning by Q4 FY26. Additionally, the company’s debt-to-equity ratio showed improvement, moving from 1.36 in Q4 FY25 to 1.28 in Q1 FY26.

“This was Saatvik Green Energy Limited’s first full quarter in the year that saw its successful stock-exchange listing. The performance reinforces investor confidence in the company’s vision of “Purity in Power” and its ability to deliver sustainable growth with operational discipline,” the company said in an exchange filing.

Commenting on the Q1 results, Abani Jha, CFO, Saatvik Green Energy Limited said, “The first quarter performance reflects Saatvik’s strong operational and financial discipline, delivering robust growth across all key metrics. Revenue and profitability witnessed significant year-on-year improvement, supported by higher capacity utilisation, cost efficiencies, and prudent financial management.”

On October 7, the newly listed renewable energy firm bagged a ₹488 crore order from renowned independent power producers or EPC for the supply of solar PV modules.

Further, Saatvik Green also secured another order worth ₹219.62 crore from three renowned independent power producers, or EPC, for the supply of solar PV modules.

Both orders will be executed in FY26, the company said in a regulatory filing.

Over the past five trading sessions, the company’s shares have gained 21.61%, and further advanced 22.08% over the past month. Saatvik Green Energy’s shares reached a 52-week high of ₹551.70 on October 9, 2025, and a 52-week low of ₹420.10 on September 30, 2025. As of October 9, the company’s market capitalisation stood at ₹7,012.38 crore.