Saatvik Green Energy Posts Record FY26 Revenue And Profitability

25 May 2026 CW Team

Saatvik Green Energy Limited reported audited results for the year ended March 31, 2026, with revenue from operations rising 111 per cent to Rs 45,484 million (mn). Fourth quarter revenue reached Rs 16,077 mn, a 75 per cent year-on-year increase, while EBITDA increased to Rs 5,811 mn and profit after tax to Rs 3,571 mn, up 62 per cent and 64 per cent respectively. The company described these results as its strongest annual revenue and profitability performance to date.\n\nOperational output reached 3,162 megawatt (MW) during FY26 with effective capacity utilisation of 84.07 per cent, supported by an order book of approximately 5.89 gigawatt (GW) as of March 31, 2026. The Ambala module manufacturing facility operated at full 4.8 GW capacity, while the Odisha integrated project progressed with Phase two solar cell capacity revised from 2.4 GW to 3.6 GW and tool moving expected to commence in Q1 FY27. The company also commissioned a two GW encapsulant line with plans to expand to five GW and announced a proposed six GW ingot and wafer initiative.\n\nFinancial discipline improved leverage, with the debt-equity ratio narrowing from 1.34 in FY25 to 0.65 in FY26, supporting stronger balance sheet positioning. EBITDA margin moderated versus the prior year as the company invested in capacity and integration while delivering higher absolute earnings. Management characterised FY26 as a milestone year marked by listing on Indian exchanges, manufacturing scale-up and strengthened customer relationships.\n\nThe solar pump business delivered multifold growth, scaling from Rs 20 mn to Rs 470 mn during the year and reflecting traction in new product lines. Sustainability progress was recognised with a Bronze Medal from EcoVadis and a global percentile ranking in the seventies, underlining governance and operational efforts. The company signalled continued focus on capacity expansion, product diversification, disciplined capital allocation and support for India's renewable energy ambitions through integrated manufacturing and technology-led solutions.

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