| Metric | Value (₹ Cr) | vs Q3 FY26 |
|---|---|---|
| Revenue | 1.6K | 27.9% |
| Total Income | 1.6K | 27.4% |
| Expenditure | 1.5K | 34.8% |
| PBT | 73.83 | 41.8% |
| Net Profit | 60.42 | 38.8% |
| OPM | 6.45% | 5.75pp |
| NPM | 3.74% | 4.04pp |
| EPS | 5.06 | 39.8% |
Saatvik Green Energy FY26 Revenue Crosses ₹45,484 Mn
20 May 2026 · 20 May, 9:12 pm
Summary
Saatvik Green Energy Limited reported a strong operational and financial performance for Q4 and FY26, achieving its highest-ever annual revenue and profitability. For the full fiscal year 2026, revenue from operations surged by 111% year-on-year to ₹45,484 Mn, while Q4 revenue grew 75% year-on-year to ₹16,077 Mn. The company also posted its highest-ever EBITDA of ₹5,811 Mn, up 62% YoY, and PAT of ₹3,571 Mn, an increase of 64% YoY. Management highlighted the successful listing, manufacturing scale-up, and strategic expansions, including an improved debt-equity ratio and a robust order book of 5.89 GW, as key drivers for this defining year.
Key Highlights
- 1
Saatvik Green Energy reported its highest-ever annual revenue from operations in FY26, which surged by 111% year-on-year to ₹45,484 Mn.
- 2
The company's Q4 FY26 revenue from operations also saw robust growth, increasing by 75% year-on-year to ₹16,077 Mn.
- 3
Profitability reached a new high in FY26, with EBITDA growing 62% year-on-year to ₹5,811 Mn and Profit After Tax (PAT) increasing 64% year-on-year to ₹3,571 Mn.
- 4
Annual production in FY26 achieved a record 3,162 MW, supported by an effective capacity utilization of 84.07%.
- 5
A strong order book of approximately 5.89 GW as of March 31, 2026, provides significant medium-term business visibility.
- 6
The debt-equity ratio notably improved from 1.34 in FY25 to 0.65 in FY26, indicating a stronger balance sheet positioning.
- 7
Strategic expansion plans are on track, including an upward revision of the Odisha solar cell expansion from 2.4 GW to 3.6 GW and planned entry into ingot and wafer manufacturing with a proposed 6 GW capacity.
Management Comments
Prashant Mathur
FY26 was a defining year for us, marked by our successful listing on the Indian stock exchanges and the delivery of our highest-ever Revenue, EBITDA and PAT performance. Supported by strong order execution, manufacturing scale-up and growing customer relationships, we achieved our highest-ever annual production of 3,162 MW with effective capacity utilization of 84.07%, further strengthening our position as one of India’s fastest-growing renewable energy companies.
Prashant Mathur
Our Ambala facility continues to operate at its full 4.8 GW module manufacturing capacity, while our Odisha integrated manufacturing project remains on track and represents a key milestone in Saatvik’s journey towards full value chain integration. During the year, we expanded our Odisha solar cell capacity plan from 2.4 GW to 3.6 GW, commissioned a 2 GW in-house EPE encapsulant manufacturing facility with expansion plans to 5 GW, and announced our planned entry into ingot and wafer manufacturing with a proposed 6 GW capacity.
Prashant Mathur
FY26 also marked important strategic milestones across our clean energy solutions portfolio. Our order book stood at 5.89 GW with leading IPPs and utilities, while we expanded into transformer manufacturing, launched the UDAY Series of on-grid inverters, and strengthened our presence across hybrid and off-grid inverters and BESS solutions with B2C solar kits set to launch soon.
Prashant Mathur
Our sustainability efforts were also recognized globally as Saatvik was awarded the Bronze Medal by EcoVadis and ranked in the 79th percentile among assessed companies worldwide. Supported by favourable policy initiatives and India’s long-term renewable ener
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