Saatvik Green Energy Ltd
Saatvik Green Energy Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Saatvik expects continued strong growth driven by capacity expansions, including 4 GW module capacity commissioning by end of FY26 and ramp-up to 8.8 GW in FY27. Saatvik Green Energy has demonstrated strong past growth: 88% CAGR in revenues and 250% growth in PAT over recent years.
From Saatvik Green Energy Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Saatvik expects continued strong growth driven by capacity expansions, including 4 GW module capacity commissioning by end of FY26 and ramp-up to 8.8 GW in FY27.
- Cell manufacturing commercial production is set to begin around October 2026, adding further growth and margin improvements.
- Revenue CAGR has been historically strong (88%) with PAT growing 250% over the past few years; 100%+ growth in revenue, EBITDA, and PAT expected continuing.
- Q4 is traditionally the busiest quarter; growth expected quarter-on-quarter despite ramp-up periods.
- Order book stands at over 5 GW (~INR 6,500 crores), supporting revenue visibility.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Saatvik Green Energy Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Saatvik Green Energy has a planned capex of approx. INR 1,850 crores for FY27 and FY28 focused on:
- Expanding 4 GW of solar module manufacturing capacity.
- Setting up 2.4 GW of solar cell manufacturing capacity.
- The 4 GW module and 2.4 GW cell integrated project in Odisha is on track, with commissioning expected:
- Module plant commissioning by Q4 FY26 (around March 2026) with ramp-up starting Q1 FY27.
- Cell plant commercial production expected from second half of FY27, around October 2026.
- Equity and debt for this project have already been raised fully.
- Additional manufacturing expansions include:
- 2 GW in-house EPE film manufacturing facility.
- New encapsulant plant (2 GW capacity).
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Saatvik Green Energy Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Saatvik Green Energy's current order book stands at approximately 5.05 GW as of Q3 FY26.
- This order book provides clear visibility for the coming quarters.
- The order book translates to about INR 6,500 crores in value.
- It includes a mix of large utility, C&I (Commercial & Industrial), retail, and EPC orders.
- The company has executed close to a gigawatt in the quarter but continues to add new orders.
- The order book excludes spot orders and primarily consists of orders with durations between 6 to 12 months.
2 more points management made on order book & pipeline
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's management said in earlier quarters
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Frequently Asked Questions
What were Saatvik Green Energy Ltd Q3 FY26 results?
Saatvik expects continued strong growth driven by capacity expansions, including 4 GW module capacity commissioning by end of FY26 and ramp-up to 8.8 GW in FY27. Saatvik Green Energy has demonstrated strong past growth: 88% CAGR in revenues and 250% growth in PAT over recent years.
What is Saatvik Green Energy Ltd share price analysis?
Saatvik Green Energy Ltd currently shows a neutral. The stock trades at a P/E of 14.9 with a market cap of ₹5,372 Cr. Investors should review the full earnings analysis for detailed insights.
Is Saatvik Green Energy Ltd planning capital expenditure?
Saatvik Green Energy has a planned capex of approx.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.