Market Performance
Shares of Saatvik Green Energy opened sharply higher on October 9, reflecting strong quarterly performance. The stock surged nearly 10 percent in early trade, hitting Rs 551.40 at 09:18 hrs on the BSE, marking a significant rally for investors tracking renewable energy stocks.
The movement comes as the company reported exceptional growth in its first quarter of FY26, which has drawn considerable attention from the market.
Main News
Saatvik Green Energy posted robust financial numbers for the quarter ended June 2025 (Q1FY26). Key highlights include:
- Net Profit: Rs 118.8 crore, up from Rs 21.2 crore a year ago.
- Revenue: Rs 915.7 crore, a massive 272% increase from Rs 246 crore YoY.
- Orders: Received new orders totaling Rs 488 crore from leading independent power producers and EPC contractors for solar PV module supply, scheduled for execution in FY26.
- Subsidiary Orders: Saatvik Solar Industries secured Rs 219.62 crore in orders from three renowned IPPs/EPCs for solar PV modules.
The strong earnings performance helped lift investor sentiment and contributed to the stock hitting the upper circuit limit in early trade.
Company Details
Saatvik Green Energy has been expanding its footprint in the renewable energy sector, focusing on solar PV module manufacturing and supply. The company raised funds through a recent IPO to bolster its manufacturing capacity and repay existing borrowings:
IPO Proceeds:
- Rs 477.23 crore invested in Saatvik Solar Industries for setting up a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park, Odisha.
- Rs 166.44 crore allocated for repayment or prepayment of subsidiary borrowings.
The company’s strategic investments are aimed at enhancing production capacity and meeting the growing demand for solar energy solutions in India.
Summary of the Article
The surge in Saatvik Green Energy share price highlights the market’s positive response to strong quarterly results and new order inflows. The stock’s 10% rise reflects confidence in the company’s growth trajectory and its strategic initiatives in the solar energy sector.
With a significant increase in revenue and net profit, combined with ongoing large-scale orders, Saatvik Green Energy continues to solidify its position as a key player in India’s renewable energy market. Investors and market watchers are closely tracking the stock as it navigates the promising solar energy landscape.
