Saatvik Green Energy Ltd. Reports Strong Q3 & 9M FY26 Performance with 137% Revenue Growth
Saatvik Green Energy Ltd., a leading solar PV module manufacturer in India, has announced its unaudited financial results for the third quarter and nine months ended FY26. The company reported a 137% growth in revenue for 9M FY26, driven by higher volumes, stable realizations, and disciplined cost management. EBITDA for 9M FY26 stood at ¥4,693.4 million, up 135% YoY, with an EBITDA margin of 15.96%. Profit After Tax (PAT) for 9M FY26 came in at ¥3,007.9 million, reflecting a 145% YoY increase. The order book remains healthy at approximately 5.05 GW, providing clear visibility for the coming quarters. The Greenfield integrated manufacturing facility in Odisha is on track, which remains a key milestone in Saatvik’s backward integration strategy.
Key Highlights
- Revenue for 9M FY26 stood at ¥29,407.8 million, registering a 137% growth over 9M FY25
- EBITDA for 9M FY26 stood at ¥4,693.4 million, up 135% YoY, translating into an EBITDA margin of 15.96%
- Profit After Tax (PAT) for 9M FY26 came in at ¥3,007.9 million, reflecting a 145% YoY increase
- Order book remains healthy at approximately 5.05 GW
- Greenfield integrated manufacturing facility in Odisha is on track, comprising 4 GW of solar module capacity and 4.8 GW of solar cell capacity