Rs 5,000+ crore order book: Solar stock locked in 10% upper circuit after announcing 459.30% jump in net profit

On Thursday, shares of Saatvik Green Energy Limited were locked in 10 per cent Upper Circuit and made a new 52-week high of Rs 551.40 per share from its previous closing of Rs 501.30 per share with a 1.6 times Spurt in Volume on the BSE.

Saatvik Green Energy Limited, a leading integrated Solar-energy solutions provider in India, announced its unaudited financial results for the quarter ended June 30, 2025 (Q1FY26), showcasing exceptional growth. Revenue from Operations surged by 272.28 per cent to Rs 9,157.28 million, up from Rs 2,459.76 million in Q1FY25. This strong top-line performance fueled even more significant growth in profitability metrics: Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose 346.04 per cent to Rs 1,810.58 million and Net Profit (PAT) dramatically increased by 459.30 per cent to Rs 1,188.24 million. The Company also saw margin expansion, with the PAT Margin improving from 8.64 per cent to 12.98% and the EBITDA Margin increasing to 19.77 per cent.

Operationally, Saatvik Green Energy maintained strong momentum, reflecting its financial success. The company achieved Modules Production of 685 MW in Q1FY26, utilising 81.47 per cent of its capacity. Its forward-looking strength is underscored by a robust Order Book of 4.05 GW as of June 30, 2025. Furthermore, the company is making good progress on its capacity expansion, with Phase 1 of the 4 GW Odisha facility remaining on schedule for commissioning by the fourth quarter of the current fiscal year (Q4FY26). The company also reported an improvement in its financial health, with the Debt-to-Equity ratio strengthening from 1.36 in Q4FY25 to 1.28 in the current quarter, reinforcing the positive financial and operational trajectory.

Additionally, Saatvik Green Energy Ltd. and its material subsidiary, Saatvik Solar Industries Private Limited, have secured substantial new orders for the supply of Solar PV modules, collectively valued at Rs 707.62 crore, with the parent company receiving Rs 488 crore and the subsidiary securing Rs 219.62 crore from renowned domestic Independent Power Producers (IPPs) and EPC firms. These significant contracts, set for execution in the Financial Year 2026 (FY26), represent a crucial influx of repeat domestic business that highlights strong market confidence in the recently listed solar energy company and substantially boosts its revenue pipeline for the coming fiscal year.

The company raised Rs 900 crore, which includes a fresh issue of Rs 700 crore and an Offer for Sale (OFS) of Rs 200 crore. The company plans to use the fresh issue proceeds primarily for capital expenditure—specifically, investing in its subsidiary (SSIPL) to set up a new 4 GW module facility in Gopalpur, Odisha (Rs 477.23 crore), and repaying certain borrowings of both the company and its subsidiary. The company has a market cap of over Rs 7,000 crore and has an order book of over Rs 5,000 crore.

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