Saatvik Green Energy Limited, one of India’s leading integrated solar energy solutions providers, today announced its unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company reported revenue from operations of ₹5,110 million for Q1 FY27, compared with ₹9,157 million in Q1 FY26. The financial performance for the quarter reflected the transitional impact of the ongoing major manufacturing capacity expansion in Odisha alongside a high base in the corresponding period of the previous fiscal. Profit After Tax (PAT) stood at ₹54 million, while Operating EBITDA was recorded at ₹425 million.
Despite near-term financial moderation, Saatvik demonstrated strong operational resilience and robust business visibility. Capacity utilisation at its existing facilities improved significantly to approximately 90% during Q1 FY27, up from 81% in Q1 FY26. The company successfully executed 1.05 GW of orders during the quarter, bringing its confirmed order book to 5.89 GW as of June 2026. This order pipeline represents approximately 123% of its current installed module capacity, offering strong medium-term growth visibility. Demonstrating continued financial discipline, Saatvik improved its debt-to-equity ratio to 0.99x as of June 2026, down from 1.28x in Q1 FY26.
Strategic expansion and value-chain integration remained on track during the quarter. At the Gopalpur facility in Odisha, civil and structural works for both the 4 GW module line and the 2.4 GW cell manufacturing line were substantially completed, with equipment movement scheduled for Q2 FY27. Furthermore, the company is scaling its encapsulant capacity from 2 GW to 5 GW while progressing long-term plans for ingot and wafer manufacturing. Saatvik also expanded its clean energy offerings by launching the Saatvik SuryaConnect Solar Kit and the UDAY Plus Hybrid Inverter, while earning industry recognitions such as 'Brand of the Year' at the India Power & Renewable Leadership Awards 2026 and the Golden Peacock Occupational Health & Safety Award 2026.