Saatvik Green Energy revenue jumps 111%, PAT rises 64% in FY26
FY26 revenue at ₹4,548 cr, PAT at ₹357 cr. Order book of 5.89 GW provides visibility, but PAT growth trails revenue growth, suggesting margin compression.
— 4 earlier stories on Saatvik Green Energy Ltd. →What's new
- Revenue more than doubled to ₹45,484 Mn in FY26.
- PAT rose 64% to ₹3,571 Mn.
- Order book stands at 5.89 GW.
Why it matters
Saatvik's top-line growth is among the strongest in the solar space, but the 47-percentage-point gap between revenue and profit growth hints at cost or pricing headwinds. The 5.89 GW order book keeps visibility high, but margin recovery in FY27 is the next test.
What we're watching
- Margin trajectory in Q1 FY27.
- Order book conversion and capacity expansion execution.
- Any guidance on FY27.
The full read
Saatvik Green Energy capped FY26 with a spectacular 111% revenue surge to ₹45,484 Mn, but the 64% PAT growth to ₹3,571 Mn reveals a margin squeeze. The company's order book swelled to 5.89 GW, offering strong forward visibility. While the results partly reflect previously shared trends, the scale of growth cements Saatvik's position among India's solar module leaders. The open question is whether margins can stabilize as input costs and pricing dynamics evolve. Q1 FY27 will be the first test of margin recovery.