Saatvik Green Energy (SAATVIKGL) Q4 25/26 earnings summary

Executive summary

• FY 2026 marked a transformational year with record financial and operational performance, strategic expansion, and progress toward full value chain integration in clean energy manufacturing and solutions.

• Achieved record production and sales volumes, maintained high capacity utilization, and strengthened the balance sheet through significant deleveraging.

• Advanced backward integration, manufacturing expansion, and diversification into adjacent segments such as power electronics, storage, and transformers.

• Completed a successful IPO in September 2025, raising INR 8,999.99 million, with shares listed on NSE and BSE.

• Audited consolidated and standalone financial results for FY26 received unmodified opinions, confirming compliance with Indian Accounting Standards and SEBI regulations.

Financial highlights

• Revenue from operations for FY 2026 reached INR 45,484.37 million, up 111% year-over-year, the highest ever.

• EBITDA for FY 2026 was INR 5,811 million, up 62% year-over-year, with an EBITDA margin of 12.78%.

• Profit after tax rose to INR 3,571.15 million, up 64% year-over-year, with a PAT margin of 7.85%.

• Q4 FY 2026 revenue was INR 16,077 million, with EBITDA at INR 1,166 million and PAT at INR 604 million.

• 3-year revenue CAGR at 96%, EBITDA CAGR at 190%, and PAT CAGR at 324%.

Outlook and guidance

• Margins expected to stabilize and improve in FY 2027, especially in the second half as backward integration and cell production ramp up.

• CapEx for FY 2027 projected at INR 1,700 crore, with similar levels expected in FY 2028 for further expansion.

• Management continues to focus on expanding manufacturing capacity, including a new 4 GW solar PV module facility in Odisha, funded by IPO proceeds.

• Exploring 20 GW energy storage opportunities over five years and expanding module and cell capacities.

• Order book execution timeline is 18 months, with ongoing efforts to secure new orders.