• H1 FY26 revenue from operations more than doubles to ₹16,838 Mn from ₹7,213 Mn in H1 FY25 (+133% YoY).
  • H1 FY26 PAT surges over 146% YoY to ₹2,021 Mn compared to ₹823 Mn in H1 FY25.
  • Q2 FY26 performance remains strong with revenue at ₹7,680 Mn (+61.6% YoY) and PAT at ₹832 Mn (+36.4% YoY), sustaining double-digit margins.
  • Order book expands to nearly 4.68 GW as of 30 September 2025, providing strong revenue visibility.
  • Manufacturing capacity scaled up at Ambala to 4.8 GW; greenfield integrated 4 GW module + 4.8 GW solar cell facility in Odisha on track for commissioning of Phase I in Q4 FY26.
  • Saatvik strengthens its integrated solutions portfolio with the UDAY Series of on-grid solar inverters, expanding into the B2C and distributed solar ecosystem.
  • Presence at REI Expo 2025, Greater Noida, showcases Saatvik’s end-to-end offering, from modules to inverters and EPC, to policy makers, partners, and customers.
  • Healthy EBITDA margins, strong PAT growth, and an improved Debt-to-Equity ratio of 0.44 (vs 1.37) underscore a scalable, disciplined growth model.

National :  Saatvik Green Energy Limited (“Saatvik” or “the Company”), one of India’s leading integrated solar energy solutions providers, announced its unaudited financial results for the quarter ended 30 September 2025 (Q2 FY26) and for the half year ended 30 September 2025 (H1 FY26).  

The Company reported a striking step-up in scale and profitability, backed by expanding capacity, a richer product mix, and disciplined execution across its manufacturing footprint. 

In the first half of FY26, Saatvik more than doubled both revenue and profit year-on-year, while simultaneously accelerating capex for its multi-location, integrated manufacturing strategy. 

Management Commentary 

Commenting on the performance, Mr. Prashant Mathur, Chief Executive Officer, Saatvik Green Energy Limited, said: “H1 FY26” has been a landmark period for Saatvik. We entered this year from a position of strength, and we 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. At Ambala, we scaled our module manufacturing base from 3.8 GW to 4.8 GW. In Odisha, our integrated 4 GW module and 4.8 GW solar cell facility is progressing on schedule and gives us a powerful platform to build the next phase of our integrated solar ecosystem.” 

“Our H1 FY26 performance clearly demonstrates that Saatvik’s growth is both accelerated and disciplined. Revenue from operations grew by over 133%, EBITDA more than doubled, and PAT expanded by over 145% year-on-year in the first half. Throughout this high-growth phase, we maintained healthy double-digit margins and strengthened our balance sheet. Our Debt-to-Equity ratio improved to 0.44 from 1.37, reflecting prudent leverage and better capital efficiency, even as we invest aggressively in Odisha, Ambala, and future manufacturing locations. A robust order book of nearly 4.68 GW and an increasingly differentiated, higher-value product portfolio gives us confidence that this performance is not a spike – it is a new baseline from which we intend to grow further,” he added. 

Key Financial Highlights 

(Unaudited; ₹ in Mn unless stated otherwise) 

Metric Q2 FY26 Q2 FY25 YoY Change H1 FY26 H1 FY25 YoY Change 
Revenue from Operations 7,680 4,753 +61.59% 16,838 7,213 +133.44% 
EBITDA 1,235 889 +38.96% 3,046 1,295 +135.23% 
EBITDA Margin (%) 16.08% 18.70% — 18.09% 17.95% — 
Profit Before Tax (PBT) 962 748 +28.54% 2,458 1,044 +135.31% 
Net Profit (PAT) 832 610 +36.39% 2,021 823 +145.60% 
PAT Margin (%) 10.84% 12.84% — 12.00% 11.41% — 
Return on Capital Employed (%) — — — 21.85% 39.81% — 
Debt-to-Equity Ratio — — — 0.44 1.37 Improved 

“For Q2 FY26, the performance remained strong with revenue at ₹7,680 Mn (+61.6% YoY) and PAT at ₹832 Mn (+36.4% YoY), supported by healthy EBITDA margins of 16.08%. Robust topline growth reflected higher capacity utilization and sustained market demand. Improved operational efficiencies, cost optimization, and a richer product mix further strengthened profitability. The expansion in EBITDA margins underscores the Company’s effective cost control and stronger realizations from its premium offerings,” added Mr. Prashant Mathur.