Saatvik Green Energy Q2 FY27 Sales Gain Momentum With Revenue Jumping 17.52% To ₹902.61 Crore, Soaring Costs Dim Profitability As Earnings Per Share Tumble Sharply To ₹1.64
Mumbai: Solar photovoltaic module manufacturer Saatvik Green Energy reported a 17.52 per cent year-on-year increase in revenue from operations to ₹902.61 crore for the second quarter ended September 30, 2026. However, a sharp rise in expenses weighed on the company's earnings performance. The company had reported revenue of ₹768.03 crore in the corresponding quarter of the previous financial…
Saatvik Green Energy, a solar photovoltaic module manufacturer, reported a 17.52% increase in revenue to ₹902.61 crore for the second quarter of FY27 ended September 30, 2026. However, their earnings fell sharply, with basic earnings per share dropping to ₹1.64 from ₹7.53 a year earlier.
The company's total income rose to ₹927.89 crore, marking approximately 18.48% year-on-year growth. Revenue from operations climbed to ₹134.58 crore compared to the previous quarter. Despite this growth in total income, total expenses surged by 31.14% to ₹897.25 crore, outpacing revenue growth by ₹213.07 crore.
This sharp rise in expenses significantly impacted profitability, as the gap between total income and expenses narrowed to ₹30.64 crore from ₹99 crore the previous year. However, this does not automatically translate to profit before tax without accounting for other financial statement items.
Saatvik Green Energy has secured a solar cell order worth INR 638.26 crore, with execution expected by March 2027. As the company operates in India's solar photovoltaic module manufacturing industry, its future performance will depend on its ability to manage expenses while expanding its business. Investors will closely monitor the company's revenue growth, manufacturing costs, and profitability moving forward.
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