Saatvik Green Energy Limited (NSE: SAATVIKGL) reported strong unaudited financials for Q3 and nine months ended FY26, fueled by higher volumes, cost discipline, and operational efficiencies.<\/p>\n\n\n\n
Revenue for 9M FY26 reached \u20b929,407.8 million, up 137% from 9M FY25, driven by elevated sales volumes and steady realizations. Q3 FY26 revenue hit \u20b912,570.2 million, reflecting 143% YoY growth.<\/p>\n\n\n\n
EBITDA climbed 135% YoY to \u20b94,693.4 million for 9M FY26, with margins at 15.96%, showcasing effective cost controls. Q3 FY26 EBITDA was \u20b91,647.6 million, up 134% YoY, at a 13.11% margin.<\/p>\n\n\n\n
Profit After Tax (PAT) for 9M FY26 surged 145% to \u20b93,007.9 million, yielding a 10.23% margin. Q3 FY26 PAT stood at \u20b9987.2 million, up 144% YoY, with a 7.85% margin. Return metrics remained solid, with ROE at 23.10% and ROCE at 26.03%.<\/p>\n\n\n\n
Q3 FY26 production totaled 759 MW, with capacity utilization at 81%, well above industry norms. The Ambala facility operates at 4.8 GW annual capacity, catering to utility-scale and C&I demand.<\/p>\n\n\n\n
The order book as of December 31, 2025, measures 5.05 GW, ensuring revenue visibility. Recent domestic orders worth \u20b9963 crore from IPPs and EPCs highlight repeat business and product reliability.<\/p>\n\n\n\n
Balance sheet health improved, with debt-equity ratio at 0.66, supporting expansion without excess leverage.<\/p>\n\n\n\n
CEO Prashant Mathur emphasized operating leverage and execution: \u201cQ3 FY26 delivered healthy growth across metrics, backed by higher volumes and asset utilization.\u201d<\/p>\n\n\n\n
Key milestones include the on-track Odisha greenfield project\u20144 GW modules and 4.8 GW cells\u2014for backward integration and cost advantages.<\/p>\n\n\n\n
Saatvik commissioned a 2 GW in-house EPE film facility at Ambala, enhancing supply-chain self-reliance and module quality. This positions the company among few Indian firms with captive encapsulant production.<\/p>\n\n\n\n
The UDAY Series inverters (1.1-50 kW) target B2C and distributed solar, featuring >99% MPPT efficiency and IP65 protection.<\/p>\n\n\n\n
In solar pumps, Saatvik secured a \u20b930.24 crore MSEDCL order for 1,815 units under PM-KUSUM-B, including five-year maintenance.<\/p>\n\n\n\n
With a 5.05 GW order book and policy support, Saatvik eyes sustained momentum through expansions, utilization gains, and profitable growth in India’s renewable push.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Saatvik Green Energy Limited (NSE: SAATVIKGL) reported strong unaudited financials for Q3 and nine months ended FY26, fueled by higher volumes, cost discipline, and operational efficiencies. Financial Performance Revenue for 9M FY26 reached \u20b929,407.8 million, up 137% from 9M FY25, driven by elevated sales volumes and steady realizations. Q3 FY26 revenue hit \u20b912,570.2 million, reflecting […]<\/p>\n","protected":false},"author":2388,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392],"tags":[1168],"class_list":["post-179703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","tag-renewable-energy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178172,"url":"https:\/\/alphastreet.com\/india\/share-india-securities-limited-investor-update-financial-snapshot\/","url_meta":{"origin":179703,"position":0},"title":"Share India Securities Limited Investor Update: Financial Snapshot","author":"Staff Correspondent","date":"January 28, 2026","format":false,"excerpt":"Headline Numbers For Q3 FY26 (quarter ended December 31, 2025):\u2022 The company reported income from operations of \u20b93,720 million, up 8.7% year-on-year (YoY) and up 9.1% quarter-on-quarter (QoQ).\u2022 EBITDA for the quarter was \u20b91,561 million, representing an EBITDA margin of 41.96%, compared with \u20b91,312 million and 38.34% margin YoY; QoQ\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179313,"url":"https:\/\/alphastreet.com\/india\/paradeep-phosphates-q3-fy26-earnings-results\/","url_meta":{"origin":179703,"position":1},"title":"Paradeep Phosphates Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 3, 2026","format":false,"excerpt":"Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India\u2019s second largest private sector phosphatic company. 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