Saatvik Solar, a leading player in India's solar energy sector, has announced plans to expand its module manufacturing capacity to 5 GW by FY27. This strategic move aims to strengthen the company's position in both domestic and export markets, with a particular focus on rooftop solar solutions.

Expansion Plans

The company's growth strategy includes:

• Increasing module manufacturing capacity to 5 GW by FY27
• Strengthening presence in export markets
• Expanding offerings in rooftop solar solutions
• Investing in backward integration for cell manufacturing
• Focusing on sustainable technologies

Saatvik Solar's expansion plans align with India's push for renewable energy self-reliance and the growing global demand for solar products.

Recent Order Wins

Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Limited, has secured new orders worth INR 299.40 crore. These orders, received from three renowned Independent Power Producers (IPPs) and EPC players, are for the supply of solar PV modules.

Key details of the orders include:

This substantial order inflow demonstrates the industry's confidence in Saatvik Solar's products and capabilities.

Financial Targets

The company aims to double its revenue over the next three years. This growth is expected to be driven by:

• Production of premium solar modules
• Strategic EPC partnerships
• Expansion into new markets

Market Outlook

Saatvik Solar's expansion plans come at a time when the Indian solar industry is experiencing rapid growth. The company's focus on high-efficiency modules and sustainable technologies positions it well to capitalize on the increasing demand for renewable energy solutions both in India and globally.

As the solar energy sector continues to evolve, Saatvik Solar's strategic initiatives in capacity expansion, technological advancement, and market diversification may play a crucial role in shaping its future growth trajectory and contribution to India's renewable energy goals.

Saatvik Green Energy Limited (NSE: SAATVIKGL, BSE: 544526) has reported robust financial performance for the second quarter, with significant growth in both revenue and profitability, alongside important organizational changes.

Financial Highlights

The company's consolidated financial results for Q2 reveal:

This substantial growth in both top and bottom lines underscores Saatvik Green Energy's strong market position and operational efficiency in the renewable energy sector.

Key Performance Indicators

• Revenue Growth: The company's revenue surged by 62% year-over-year, reaching ₹7,680.00 million in Q2 FY2026, up from ₹4,753.00 million in the same quarter last year.
• Profit Expansion: Net profit saw a significant increase of 36%, rising to ₹832.00 million from ₹612.00 million in the corresponding quarter of the previous fiscal year.
• Margin Improvement: Despite the substantial revenue growth, the company has improved its profit margins, indicating enhanced operational efficiency.

Recent Developments

Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy, has secured orders worth ₹299.40 crores from three Independent Power producers/EPC Players for the supply of solar PV modules. These orders are set to be executed between December 2025 and March 2026.

Organizational Changes

The company's Board has approved the addition of senior management personnel due to internal changes in roles, designations, and responsibilities. This decision was made during a Board meeting held on November 6, 2025, which commenced at 4:10 p.m. and concluded at 5:00 p.m. Detailed disclosures for each management addition will be provided separately in compliance with regulatory requirements.

Conclusion

Saatvik Green Energy's Q2 results demonstrate the company's strong growth trajectory in the renewable energy sector. With a significant increase in both revenue and profitability, coupled with new orders for its subsidiary and organizational changes, the company appears well-positioned for continued success.