4.68-GW order book: Solar stock hit lower circuit after delivering 133% Revenue Growth and 145% Profit Surge in H1FY26

On Friday, shares of Saatvik Green Energy Limited hit a 10 per cent Lower Circuit to Rs 484.35 per share from its previous closing of Rs 538.15 per share with 1.01 times Spurt in Volume on the BSE. The stock’s 52-week high is Rs 580 per share and its 52-week low is Rs 420.10 per share.

Saatvik Green Energy Limited is an integrated Solar energy solutions provider engaged in the manufacturing of high-efficiency photovoltaic (PV) modules and offering EPC services for utility-scale, commercial, and industrial projects. As of 30 September 2025, the Company operates a module manufacturing capacity of approximately 4.8 GW at its facility in Ambala, Haryana. Saatvik is also developing a greenfield facility in Odisha with an integrated 4 GW module and 4.8 GW solar cell manufacturing capacity, positioning the company as a multi-location, integrated player at the core of India’s renewable energy build-out.

Saatvik Green Energy Limited announced a record-breaking financial performance for H1 FY26, showcasing striking growth in scale and profitability. Revenue from operations more than doubled, surging 133 per cent year-over-year to Rs 1,683.80 crore. This was coupled with a massive 146 per cent rise in Profit After Tax (PAT), which reached Rs 202.10 crore, demonstrating a successful multi-location, integrated manufacturing strategy and disciplined execution. The strong momentum continued in Q2 FY26, with revenue hitting Rs 768 crore and PAT reaching Rs 83.20 crore, sustaining double-digit margins.

This financial success is underpinned by significant capacity expansion and strategic product development. Saatvik scaled up its module manufacturing capacity in Ambala to 4.8 GW and is on track to commission Phase I of its massive integrated 4 GW module + 4.8 GW cell greenfield facility in Odisha by Q4 FY26. The company also expanded its market presence beyond just modules by launching the UDAY Series of on-grid solar inverters, entering the B2C and distributed solar ecosystem with a stronger integrated solutions portfolio.

Looking ahead, the company boasts a robust Order Book of nearly 4.68 GW as of September 30, 2025, providing strong revenue visibility for the medium term. This confidence is further reinforced by securing new domestic orders worth INR 299.40 Crores from leading Independent Power Producers after the quarter close. Saatvik is focused on executing its roadmap by ramping up the Odisha facility, optimising its product mix for higher margins, and continuing to invest in technology to maintain its long-term competitive advantage in India’s energy transition.

The company has a market cap of over Rs 6,000 crore and has an order book of 4.68 GW. The stock is up by 15.3 per cent from its 52-week low of Rs 420.10 per share.

Disclaimer: The article is for informational purposes only and not investment advice.