Rs 5,000+ crore order book with Kartik Aaryan as brand ambassador: Solar company receives orders aggregating to Rs 689.47 crore
DSIJ Intelligence-1 / 15 Oct 2025/ Categories: Mindshare, Trending
The company achieved Modules Production of 685 MW in Q1FY26, utilising 81.47 per cent of its capacity.
Saatvik Green Energy Ltd with Bollywood actor Kartik Aaryan as its brand ambassador, has recevied significant domestic orders for the supply of Solar PV modules, collectively aggregating to Rs 689.47 crore. The main company received a repeated order of Rs 50.62 crore from renowned Independent Power Producers/EPC companies, with execution scheduled until the end of November 2025. Additionally, its material subsidiary, Saatvik Solar Industries Private Limited, received a much larger repeated order of Rs 638.85 crore from three other renowned domestic Independent Power Producers/EPCs, which is expected to be executed by the end of June 2026.
Earlier, the company and its material subsidiary, Saatvik Solar Industries Private Limited, secured substantial 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.
About the Company
Saatvik Green Energy Limited, incorporated in 2015, is a major player in India's renewable energy sector, primarily functioning as a manufacturer of solar PV modules with a substantial operational capacity. The company provides a comprehensive suite of integrated solar solutions, encompassing module manufacturing (including advanced Mono PERC and N-TopCon modules), Engineering, Procurement, and Construction (EPC) services, and Operations & Maintenance (O&M) support. This end-to-end service model, alongside its massive manufacturing capacity, positions Saatvik as a key contributor to India's burgeoning solar energy market, serving residential, commercial, and utility-scale projects.
The quarter ended June 30, 2025 (Q1FY26), showcasing exceptional growth. Revenue from Operations surged by 272.28 per cent to Rs 915.73 crore, up from Rs 245.98 crore in Q1FY25. Net Profit (PAT) dramatically increased by 459.30 per cent to Rs 118.82 crore. 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. The company has a market cap of over Rs 6,700 crore and has an order book of over Rs 5,000 crore.
Disclaimer: The article is for informational purposes only and not investment advice.