Sets a New Record for Scale and Execution
#SaatvikGreenEnergy #SolarIndia #RenewableEnergy #GreenGrowth #CleanTech #SustainableIndia #SolarManufacturing #EnergyTransition #OdishaPlant #AmbalaFacility #SolarModules #SolarInverters #UDAYSeries #REIExpo2025 #MakeInIndia #GreenEconomy #ESG #SolarSelfReliance #EnergyForFuture #SolarPower #IndianRenewables
Chandigarh: Saatvik Green Energy Limited, one of India’s leading integrated solar energy solutions providers, has reported record-breaking results for the first half of FY26, with both revenue and profit more than doubling year-on-year. The strong growth is backed by expanded manufacturing capacity, robust order inflows, and continued cost discipline, signaling the company’s next major phase of expansion.
Revenue Doubles, Profits Soar
For H1 FY26, Saatvik’s revenue from operations surged by 133% year-on-year to ₹16,838 million, compared to ₹7,213 million in H1 FY25.
Profit After Tax (PAT) jumped 145.6% YoY to ₹2,021 million, up from ₹823 million in the same period last year.
In the second quarter (Q2 FY26) alone, revenue stood at ₹7,680 million, marking a 61.6% increase year-on-year, while net profit rose to ₹832 million, a 36.4% jump from ₹610 million in Q2 FY25.
Despite rapid scaling, Saatvik maintained healthy margins with EBITDA at ₹3,046 million in H1 FY26 and an EBITDA margin of 18.09%. The company also reported a significant improvement in its Debt-to-Equity ratio, which declined to 0.44 from 1.37, reflecting prudent financial management.
CEO: “H1 FY26 is a Landmark Period for Saatvik”
Commenting on the results, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said:
“H1 FY26 has been a landmark period for Saatvik. We entered this year from a position of strength and are exiting the first half even stronger. We have doubled our revenue and profit year-on-year while expanding capacity, diversifying our product portfolio, and deepening our presence across India.”
Mathur added that the company’s integrated 4 GW module and 4.8 GW solar cell facility in Odisha is progressing on schedule, with Phase I expected to be commissioned in Q4 FY26.
“Our growth is both accelerated and disciplined. With an improved capital structure and a strong order book of 4.68 GW, this is not a spike — it’s a new baseline for our growth journey,” he said.
Expanding Capacity and Strengthening Footprint
Saatvik continues to expand its manufacturing footprint across India, positioning itself as a leading force in the country’s solar value chain.
-
Ambala (Haryana): The company expanded its module manufacturing capacity from 3.8 GW to 4.8 GW during Q2 FY26.
-
Odisha: Work is underway on the greenfield integrated facility comprising 4 GW of solar module and 4.8 GW of solar cell capacity. Phase I is expected to go live by Q4 FY26, marking a milestone in India’s journey toward solar self-reliance.
Saatvik’s current order book of 4.68 GW provides strong revenue visibility for the coming quarters. Recently, its subsidiary, Saatvik Solar Industries Pvt. Ltd., secured ₹299.4 crore worth of new domestic orders from leading Independent Power Producers (IPPs) and EPC players, scheduled for execution between December 2025 and March 2026.
Product Innovation and Market Expansion
Saatvik continues to strengthen its integrated solar solutions portfolio. The company recently launched the UDAY Series — a new line of on-grid solar inverters, marking its foray into the B2C and distributed solar segment.
The move positions Saatvik as a complete solar solutions provider, covering everything from modules to inverters and EPC services. Its participation at the Renewable Energy India (REI) Expo 2025 in Greater Noida showcased this end-to-end offering to policymakers, partners, and customers.
The company’s focus remains on high-efficiency and high-value PV modules, enabling customers to achieve better performance and sustainability outcomes while improving Saatvik’s own profitability and margin resilience.
Financial Discipline and Growth Outlook
Despite aggressive expansion, Saatvik continues to demonstrate financial discipline and operational efficiency. The company’s Return on Capital Employed (ROCE) for H1 FY26 stands at 21.85%, supported by efficient working capital management and better utilization of assets.
With a Debt-to-Equity ratio of just 0.44, the company has built a strong balance sheet capable of supporting its growth ambitions without over-leverage.
Future Roadmap: Sustaining the Growth Momentum
Saatvik enters H2 FY26 with strong momentum and a focused roadmap:
-
Commission Phase I of the Odisha facility to expand manufacturing capabilities and capture economies of scale.
-
Expand in domestic and select global markets, emphasizing high-efficiency products.
-
Enhance margins through process excellence, cost optimization, and improved product mix.
-
Maintain capital discipline while investing in technology and manufacturing capacity for long-term competitiveness.
The company reaffirmed its commitment to India’s clean energy goals and its mission to enable large-scale, reliable, and affordable solar power deployment.
About Saatvik Green Energy Limited
Founded in 2015 and headquartered in Chandigarh, Saatvik Green Energy Limited is one of India’s fastest-growing solar energy companies, offering integrated solutions across the solar value chain — from PV module manufacturing and EPC services to new-generation solar inverters.
The company’s focus on innovation, sustainability, and execution excellence continues to position it as a key player in India’s renewable energy transition.
