Saatvik Green Energy reports stellar Q1 after tepid listing as PAT skyrockets 459% YoY, revenue soars 272% – News Air Insight

September-listed Saatvik Green Energy on Wednesday posted a 459% jump in its consolidated net profit for the June ended quarter at Rs 119 crore versus Rs 21 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the group. The revenue from operations surged 272% in the April-June quarter was Rs 916 crore compared to Rs 246 crore in the corresponding quarter of the last financial year.

This is the company’s first earnings since its September 25, 2025 listing – a lackluster affair where the stock debuted at Rs 460 against the issue price of Rs 465.

Today, shares of Saatvik Green Energy hit 10% upper circuit to close at Rs 506 on the NSE. This also remains its highest peak so far.

The company’s bottomline rose 30% on a sequential basis from Rs 91 crore in Q1FY26 while the topline was marginally down by 0.34% compared to Rs 919 crore.

The profit before tax (PBT) in the reporting quarter stood at Rs 150 crore versus Rs 128 crore in Q1FY26 and 295.99

One of India’s leading solar module manufacturers, Saatvik Green Energy also provides engineering, procurement and construction (EPC) services. The company manufactures monocrystalline PERC and N-TopCon solar modules in both mono-facial and bifacial configurations, catering to residential, commercial and utility-scale projects. Saatvik Green Energy’s Rs 900 crore IPO was launched on September 19. It comprised a fresh issue of Rs 700 crore and an offer for sale of Rs 200 crore. Overall, the IPO was subscribed 6.93 times.Also Read: TCS Q2 Results Preview: PAT likely to grow up to 10% YoY; 5 key things to track

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