Saatvik Green Energy posts record FY26 revenue, profit
Saatvik Green Energy Limited reported its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, recording its highest-ever annual revenue, EBITDA, and profit after tax (PAT).
Revenue from operations for FY26 rose 111% year-on-year to Rs 4,548 crore, supported by manufacturing expansion and execution across solar business segments. Revenue for Q4 FY26 stood at Rs 1,607.7 crore, up 75% compared to the corresponding period last year.
EBITDA for FY26 increased 62% to Rs 581.1 crore, while PAT rose 64% to Rs 357.1 crore. EBITDA margin stood at 12.77% and PAT margin at 7.85%. Basic earnings per share (EPS) for the year was reported at Rs 29.83.
Production growth
The company reported its highest-ever annual production of 3,162 MW during FY26, with effective capacity utilisation of 84.07%.
As of March 31, 2026, Saatvik’s order book stood at around 5.89 GW. The company also improved its debt-equity ratio from 1.34 in FY25 to 0.65 in FY26.
Its Ambala manufacturing facility operated at the full 4.8 GW module manufacturing capacity during the year.
Expansion plans
Saatvik stated that its Odisha integrated manufacturing project remains on schedule. The company has revised Phase 2 solar cell capacity upward from 2.4 GW to 3.6 GW, with tool moving expected to begin from Q1 FY27.
The company also commissioned a 2 GW in-house EPE encapsulant manufacturing facility and plans to expand the capacity to 5 GW.
Saatvik further announced plans to enter ingot and wafer manufacturing with a proposed capacity of 6 GW.
The company’s solar pump business recorded significant growth during FY26, with revenue increasing from Rs 2.5 crore to Rs 47.2 crore.
Its product portfolio was also expanded to include hybrid inverters, off-grid inverters, B2C solar kits, transformer manufacturing, and Battery Energy Storage System (BESS)-related solutions.
FY27 focus
Chief Executive Officer Prashant Mathur said FY26 marked a milestone year for the company following its stock market listing and record financial performance.
According to the company, FY27 priorities include advancing the Odisha expansion project, scaling integrated manufacturing capabilities across modules, cells, encapsulants, ingots and wafers, and strengthening its presence in distributed solar, inverters, transformers, solar pumps, and BESS segments.
