Saatvik Green Energy Q2 FY27 Results: Revenue surges 77% QoQ to ₹902.6 Cr, PAT ₹20.2 Cr
Saatvik Green Energy reported Q2 FY27 revenue of ₹902.6 crore, up 77% QoQ. Profit after tax was ₹20.2 crore. The company has a confirmed order book of 6.68 GW. Commercial production began at its Odisha facility on November 2, 2026, with 1.3 GW operational and full 4 GW expected by December 2026.
The substantial sequential revenue growth, commencement of commercial production at a new large-scale facility, and expansion of the order book indicate a significant positive impact on the company's future performance and market position.
The company reported strong sequential revenue growth, increased profit, and significant progress in its manufacturing expansion, including the commencement of commercial production at its Odisha facility.
Saatvik Green Energy Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a significant sequential increase in revenue from operations, which grew by 77% to ₹9,026 million (₹902.6 crore) in Q2 FY27, compared to ₹5,110 million in the previous quarter. EBITDA for the quarter rose to ₹696 million (₹69.6 crore), and profit after tax increased to ₹202 million (₹20.2 crore) from ₹54 million in Q1 FY27.
For the first half of FY27, revenue from operations stood at ₹14,136 million (₹1,413.6 crore), with EBITDA at ₹1,121 million (₹112.1 crore) and profit after tax at ₹256 million (₹25.6 crore). The company also highlighted a confirmed order book of 6.68 GW as of H1 FY27, representing approximately 110% of its installed module capacity, with 1.76 GW of new orders added during the half-year.
A significant milestone achieved was the commencement of commercial production at its Odisha facility on November 2, 2026. Approximately 1.3 GW of module capacity is now operational, with the full 4 GW capacity expected by December 2026. The company has also initiated trial runs for its cell line, with production ramp-up targeted for December 2026. The ALMM-2 inspection is anticipated in November 2026, and groundwork has begun for a new 3.6 GW solar cell line.
Saatvik Green Energy has also expanded its product portfolio by launching the Quad-Cut TOPCon 3.0 Dual Glass Bifacial Module and entering the hybrid inverter and lithium battery segments. The company has commenced e-commerce operations and is developing Solar Kits for residential and small commercial applications. The company's vision is to evolve from a solar manufacturer to an integrated energy platform, with planned capacity expansions across ingots, wafers, cells, and modules.
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