Saatvik Green Energy Ltd
Saatvik Green Energy Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
5 of 5 strong
The short version
Saatvik anticipates FY27 sales of 3.5 to 4 gigawatts and revenue around INR 6,000 crores. Saatvik is optimistic about growth with the Odisha project ramping up production, expanding integrated manufacturing capabilities.
From Saatvik Green Energy Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Saatvik anticipates FY27 sales of 3.5 to 4 gigawatts and revenue around INR 6,000 crores.
- EBITDA margin guidance for FY27 is approximately 12%, with PAT margin between 6-7%.
- FY28 is expected to be a milestone year with significant demand growth for Domestic Content Requirement (DCR) panels due to increased utility projects starting April onwards.
- The current order book of 6.35 gigawatts (~INR 8,200 crores) is expected to be executed mostly within 12-18 months, providing revenue visibility.
- Ramp-up of the Odisha cell manufacturing plant by end of FY27 will contribute positively to volumes and margins.
- Expansion plans foresee deepening backward integration with ingot, wafer, and cell manufacturing enhancing long-term sustainable growth.
- Growth drivers include government solar targets, structural demand increase, and a shift towards integrated solar manufacturing.
Profitability & Margins
See what Saatvik Green Energy Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Saatvik is progressing on its integrated solar manufacturing expansion, focusing on cell and module production at the Odisha facility.
- Phase 1 includes 2.4 GW cell and 4 GW module capacity; ramp-up expected soon with ALMM-2 inspection planned for September 2026.
- Planning for Phase 2: additional 3.6 GW cell capacity on 27 acres, targeted to start site activities by end of Q2 FY27 and complete by end of FY28.
- Phase 3 plans 6 GW ingot and wafer manufacturing capacity, targeted for completion by FY29 to align with ALMM-3 transition.
- Total capex for 6 GW cell plus 4 GW module (Phases 1 & 2) approximately INR 3,500 crores; INR 1,000 crores incurred so far.
- Capex peak expected around INR 2,200-2,400 crores net debt level.
- Expansion will deepen backward integration, enhance supply chain control, and support scaling of manufacturing capabilities.
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Fundraising & Capital Structure
See what Saatvik Green Energy Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Saatvik Green Energy Limited's confirmed order book stands at approximately 6.35 gigawatts.
- This order book represents around 132% of the company's current operational module capacity of 4.8 gigawatts.
- The order book in INR terms is about INR 8,200 crores.
- Order execution timeline is typically between 12 to 18 months.
- Approximately 30% of the orders are Domestic Content Requirement (DCR) orders.
- The order mix includes about 70% utility-scale projects and 30% commercial & industrial (C&I) projects; retail orders are executed regularly but not part of this order book.
- Recent orders include a INR 138 crore domestic solar PV module order with execution by December 2026 and INR 400 crores orders to be executed by March 2027.
- The company expects the utility segment demand to pick up from FY28 onwards due to project cycles.
Saatvik Green Energy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.6K Cr, net profit ₹60 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Saatvik Green Energy Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Saatvik Green Energy Ltd Q1 FY27 results?
Saatvik anticipates FY27 sales of 3.5 to 4 gigawatts and revenue around INR 6,000 crores. Saatvik is optimistic about growth with the Odisha project ramping up production, expanding integrated manufacturing capabilities.
What is Saatvik Green Energy Ltd share price analysis?
Saatvik Green Energy Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 21.4 with a market cap of ₹5,325 Cr. Investors should review the full earnings analysis for detailed insights.
Is Saatvik Green Energy Ltd planning capital expenditure?
Saatvik is progressing on its integrated solar manufacturing expansion, focusing on cell and module production at the Odisha facility.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.