Saatvik Green Energy Soars: Capacity Boost, Strong Demand, and Margin Gains Ahead

• Saatvik Green Energy, a Gurugram-based solar panel manufacturer, is confident about sustaining strong growth due to rising demand, capacity expansion, and a broader product portfolio.
• The company reported ₹1,257 crore revenue, ₹98 crore profit after tax, and 12.15% margins in Q3FY26.
• Capacity will almost double from 4.8 GW to 8.8 GW with the Odisha project, with module manufacturing starting in Q1FY27 and cell manufacturing in H2FY27.
• Backward integration into cell manufacturing and ancillaries, along with an expanded portfolio including inverters, pumps, and EPC, is expected to boost profitability.
• Management anticipates continued growth, supported by a strong order pipeline and a seasonally strong final quarter, with EBITDA margins targeted at 18% for combined cell and module operations.