Investor Presentation on Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Financial Year ended March 31, 2026
SAATVIKGL · price
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Saatvik Green Energy reported record FY26 results with revenue of INR 45,484 Mn (+111% YoY), EBITDA of INR 5,811 Mn (+62% YoY), and PAT of INR 3,571 Mn (+64% YoY). Production reached 3,162 MW (2.2x vs FY25) and sales hit 3,138 MW (126% YoY), with capacity utilisation at 84.07%. The company significantly strengthened its balance sheet, reducing its debt/equity ratio from 1.34 in FY25 to 0.65 in FY26. Key strategic moves include commissioning of a 2 GW EPE encapsulant facility (backward integration), acquisition of 80% in Melcon Transformers, launch of a wholly-owned energy storage subsidiary, and progress on Odisha manufacturing (4 GW module and 2.4 GW cell lines on track). The confirmed order book stands at 5.89 GW (~123% of installed 4.8 GW capacity), providing strong revenue visibility. Management also disclosed plans to expand module capacity to 8.8 GW by FY27.
The sharp deleveraging to 0.65x D/E and EBITDA margin improvement (driven by backward integration into encapsulants) signal improving financial health. The 5.89 GW order book (~123% of capacity) and expansion to 8.8 GW module capacity position the company for continued revenue growth. Entry into transformers and energy storage diversifies revenue streams beyond solar modules.