Saatvik Green Energy shares jump 4% after bagging a fresh order worth over ₹297 crore

Worth ₹297.5 crore, the company’s material subsidiary Saatvik Solar Industries received and accepted an order from two independent power producers or EPC players for the supply of solar photovoltaic (PV) modules.

The domestic order is expected to be completed by March 2027.

Last month, subsidiary Saatvik Solar Industries had also secured an order that involves the supply of solar PV modules to an independent power producer and EPC player is expected to be executed by March 2027.

Further, in August, Saatvik Solar Industries had signed an initial pact with the Industrial Promotion and Investment Corporation of Odisha (IPICOL) for setting up a 3.6 GW solar cell manufacturing facility at Gopalpur, in Odisha.

As of June 30, 2026, Saatvik Green Energy’s confirmed order book stood at 6.35 GW, equivalent to approximately 132% of installed module capacity.

In the remainder of FY27, the company will aim to focus on manufacturing scale-up, order execution, portfolio diversification and deeper value chain integration.

Saatvik Green Energy Q1 earnings

Saatvik Green Energy had posted a 95.45% decline in consolidated net profit to ₹5.3 crore, impacted by weak revenues. The company had posted a net profit of ₹116.6 crore in the same quarter a year ago.

Its revenue from operations had also decreased to ₹511 crore from ₹915.7 crore in the April-June period of the preceding fiscal.

Saatvik Green Energy share price trends

At 2.57 PM, Saatvik Green Energy shares were trading at ₹423 apiece on the National Stock Exchange, rising 1.38%.

Over a month’s time, the stock has slipped 3%, while it has gained 23% in the past six months. From the beginning of the year, Saatvik Green Energy shares have climbed 12%.

Shares of the company had touched their one-year high of ₹567 apiece on October 10, 2025, while their 52-week low of ₹328 was hit on March 9, 2026.

According to NSE data, as of September 3, 2026, Saatvik Green Energy has a total market capitalisation of ₹5,370.19 crore.