Saatvik Green Energy Limited has reported a strong financial and operational performance for FY26, with revenue from operations more than doubling year-on-year to ₹45,484 million, driven by manufacturing expansion, growing order execution, and continued diversification across the clean energy value chain.
The company’s audited financial results for the quarter and year ended March 31, 2026, showed a 111% rise in revenue compared to ₹21,584 million in FY25. EBITDA increased by 62% to ₹5,811 million, while profit after tax (PAT) rose 64% year-on-year to ₹3,571 million. Earnings per share also improved to ₹29.83 from ₹19.40 in the previous fiscal year.
During FY26, Saatvik achieved its highest-ever annual production of 3,162 MW, supported by an effective capacity utilization rate of 84.07%. The company maintained operations at its 4.8 GW module manufacturing facility in Ambala while advancing development of its integrated manufacturing facility in Odisha, which includes 4 GW module capacity and an expanded 3.6 GW solar cell manufacturing line.
The company stated that tool moving activities for the Odisha project are expected to commence from Q1 FY27 as part of its broader strategy to strengthen backward integration and build a fully integrated solar manufacturing ecosystem in India.
As part of its manufacturing expansion strategy, Saatvik commissioned a 2 GW EPE encapsulant manufacturing facility during the year, with plans to scale capacity to 5 GW. The company also announced its planned entry into ingot and wafer manufacturing with a proposed capacity of 6 GW, further expanding its presence across the solar value chain.
In addition to manufacturing growth, Saatvik expanded its clean energy solutions portfolio through the launch of hybrid and off-grid inverters, transformer manufacturing, battery energy storage system (BESS) solutions, and upcoming B2C solar kits. The company also introduced its UDAY Series of on-grid inverters and strengthened its presence across distributed solar and energy storage segments.
The company’s order book stood at approximately 5.89 GW as of March 31, 2026, supported by demand from leading independent power producers (IPPs) and utility customers, providing medium-term business visibility.
Commenting on the performance, Prashant Mathur said FY26 marked a defining year for the company following its successful listing on Indian stock exchanges and record-high revenue, EBITDA, and PAT performance. He added that Saatvik’s ongoing manufacturing expansion and product diversification initiatives position the company strongly for its next phase of growth.
The company also highlighted its sustainability progress during the year, noting that it received a Bronze Medal rating from EcoVadis and ranked in the 79th percentile among assessed companies globally.
Looking ahead to FY27, Saatvik said it will focus on scaling integrated manufacturing capabilities across modules, solar cells, encapsulants, ingots, and wafers, while expanding its presence across distributed solar, transformers, solar pumps, inverters, and BESS ecosystems. The company added that it remains committed to supporting India’s renewable energy ambitions through integrated manufacturing and technology-driven clean energy solutions.
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