Saatvik Green Energy Share Price

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• BSE India
• 2 days 7 hours ago

Audio Recording of Earnings Call

• BSE India
• 3 days 1 hour ago

<h3><span style="font-size:16px;"><strong>Electrical Equipment/Products company Saatvik Green Energy announced Q2FY27 results</strong></span></h3> <p><strong _ngcontent-ng-c928597981="">Consolidated Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Revenue from Operations:</strong> Stood at Rs 9,026.05 million in Q2FY27, growing 76.63% QoQ compared to Rs 5,110.10 million in Q1FY27 and increasing 17.52% YoY from Rs 7,680.29 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Total Income:</strong> Stood at Rs 9,278.91 million in Q2FY27, up 78.53% QoQ from Rs 5,197.30 million in Q1FY27 and up 18.48% YoY from Rs 7,831.82 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Profit Before Tax:</strong> Stood at Rs 280.12 million in Q2FY27, surging 278.18% QoQ compared to Rs 74.07 million in Q1FY27, and declining 71.70% YoY from Rs 989.97 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Profit for the Period:</strong> Recorded at Rs 202.45 million in Q2FY27, increasing 277.50% QoQ from Rs 53.63 million in Q1FY27, and declining 76.10% YoY from Rs 847.15 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Total Comprehensive Income:</strong> Reported at Rs 208.23 million in Q2FY27, higher by 246.13% QoQ compared to Rs 60.16 million in Q1FY27 and lower by 75.53% YoY compared to Rs 850.99 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Total Comprehensive Income Attributable to Owners:</strong> Came in at Rs 218.29 million in Q2FY27, up 254.19% QoQ from Rs 61.63 million in Q1FY27 and down 74.35% YoY from Rs 850.99 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Earnings Per Equity Share (EPS):</strong> <ul> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Basic EPS:</strong> Stood at Rs 1.64 in Q2FY27 compared to Rs 0.43 in Q1FY27 (up 281.40% QoQ) and Rs 7.53 in Q2FY26 (down 78.22% YoY).</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Diluted EPS:</strong> Stood at Rs 1.64 in Q2FY27 compared to Rs 0.43 in Q1FY27 and Rs 7.51 in Q2FY26.</li> </ul> </li> </ul> <p><strong _ngcontent-ng-c928597981="">Standalone Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Revenue from Operations:</strong> Stood at Rs 2,903.24 million in Q2FY27, down 12.88% QoQ compared to Rs 3,332.37 million in Q1FY27 and down 47.71% YoY from Rs 5,552.11 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Total Income:</strong> Came in at Rs 3,149.97 million in Q2FY27, decreasing 10.69% QoQ from Rs 3,526.99 million in Q1FY27 and 44.94% YoY from Rs 5,720.73 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Profit Before Tax:</strong> Reached Rs 185.62 million in Q2FY27, up 103.17% QoQ from Rs 91.36 million in Q1FY27 and up 228.24% YoY from Rs 56.55 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Profit for the Period:</strong> Reached Rs 135.39 million in Q2FY27, marking an increase of 97.45% QoQ from Rs 68.57 million in Q1FY27 and 278.93% YoY from Rs 35.73 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Total Comprehensive Income:</strong> Stood at Rs 145.96 million in Q2FY27, rising 100.19% QoQ from Rs 72.91 million in Q1FY27 and 269.90% YoY from Rs 39.46 million in Q2FY26.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Earnings Per Equity Share (EPS):</strong> <ul> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Basic EPS:</strong> Stood at Rs 1.07 in Q2FY27 compared to Rs 0.54 in Q1FY27 (up 98.15% QoQ) and Rs 0.32 in Q2FY26 (up 234.38% YoY).</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Diluted EPS:</strong> Stood at Rs 1.06 in Q2FY27 compared to Rs 0.54 in Q1FY27 and Rs 0.32 in Q2FY26.</li> </ul> </li> </ul> <p><strong _ngcontent-ng-c928597981="">Business Highlights:</strong></p> <ul> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Segment Reporting:</strong> The Group operates in the business of manufacturing Solar Photovoltaic (PV) modules, Transformers, EPC services, Solar Photovoltaic Water Pumping Systems (SPWPS), Solar Inverters, Batteries, Solar kits, and Independent Power Production. The Chief Operating Decision Maker reviews performance on an overall business level; hence, it is treated as a single operating segment under Ind AS 108.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Accounting Policy Change on Inventory Valuation:</strong> Effective March 31, 2026, the Group switched its inventory valuation method for raw materials, finished goods, and work-in-progress from FIFO to the moving weighted average cost method retrospectively. Consequently, Q2FY26 numbers have been restated.</li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">IPO Proceeds Utilization:</strong> Out of the Rs 7,000.00 million raised via the fresh issue: <ul> <li _ngcontent-ng-c928597981="">Rs 100.07 million was utilized for debt prepayment/repayment by the Company.</li> <li _ngcontent-ng-c928597981="">Rs 1,664.36 million was utilized for repayment/prepayment of borrowings by wholly owned subsidiary Saatvik Solar Industries Private Limited.</li> <li _ngcontent-ng-c928597981="">Rs 3,728.81 million was utilized towards setting up a 4 GW solar PV module manufacturing facility in Gopalpur Industrial Park, Odisha.</li> <li _ngcontent-ng-c928597981="">Rs 12.72 million was utilized for general corporate purposes, and Rs 376.40 million was spent towards offer expenses.</li> <li _ngcontent-ng-c928597981="">Unutilized proceeds of Rs 1,117.64 million remained temporarily invested in fixed deposits with scheduled commercial banks as of September 30, 2026.</li> </ul> </li> <li _ngcontent-ng-c928597981=""><strong _ngcontent-ng-c928597981="">Acquisition of Saatvik Transvolt Solutions:</strong> The Holding Company acquired an 80% stake in Saatvik Transvolt Solutions Private Limited (formerly Melcon Transformers and Electricals Private Limited) for Rs 24.00 million, with a deferred consideration of Rs 20.00 million to be paid over the next 2 years for the remaining 20% stake.</li> </ul> <p><strong>Prashant Mathur, Chief Executive Officer, Saatvik Green Energy, said:</strong> “H1FY27 is best read as a period of investment ahead of the curve. Our reported numbers reflect the transition as we build our next phase, and we chose to prioritise long-term positioning over shortterm optics. What gives us confidence is the quality of demand. Customers across government, utility and C&I segments continue to place repeat and large-scale orders with us, and our order book gives us clear visibility well beyond this financial year.</p> <p>The industry is shifting from a module-led to a cell-led market, where access to domestic cells will decide who can compete for the most attractive projects. That is why Odisha matters so much to us. As our cell and module capacities come online together, Saatvik moves from assembling modules to controlling a critical part of its own supply chain, with better cost, quality and delivery certainty.</p> <p>Our focus for the rest of the year is simple: deliver on our commitments, ramp up Odisha without compromising quality, and protect margins and working capital. We believe this integration will make Saatvik a stronger, more resilient and more profitable business over the coming years.”</p> <p><a class="lb" href="https://trendlyne.com/get-document/post/pdf/5933005/" target="_blank">Result PDF</a></p>

• Trendlyne
• 3 days 4 hours ago