by | April 10, 2026 11:31 am
Synopsis: Saatvik Solar Industries has secured domestic supply orders worth Rs 108.75 crore, expected to be completed by September 2026. This win, along with a 144% increase in Q3 net profit, highlights the company’s growing position in India’s competitive solar module market.
Saatvik Green Energy revealed on April 9, 2026, that its subsidiary Saatvik Solar Industries has received orders amounting to Rs 108.75 crore from leading domestic IPPs and EPC players. The contracts involve the supply of solar photovoltaic modules and are commercial in nature, not falling under related party transactions. Execution is targeted for September 2026.
For integrated solar manufacturers, winning orders from IPPs and EPC players directly confirms module quality and pricing competitiveness. As India speeds up renewable capacity addition toward its 2030 goals, module suppliers with strong domestic partnerships and high-efficiency products are best positioned to capture a larger share of the rising order pipeline.
Shares of Saatvik Green Energy rose 7.59% to close at Rs 452.35 on the NSE. The company reported Q3 FY26 consolidated net profit of Rs 98.72 crore, up 144.1% year-on-year, on net sales of Rs 1,257.02 crore a 142.6% jump over Q3 FY25.
Saatvik Green Energy is an integrated solar energy solutions provider manufacturing high-efficiency PV modules and offering EPC services for utility-scale, commercial, and industrial solar projects across India.
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Pranab is a financial analyst with experience in equities and financial modeling, with a strong understanding of data-driven analysis and quantitative techniques. He has written several analytical pieces and is deeply interested in market trends and valuation. Blending analytical thinking with financial insight, he explores strategies to better understand markets and support informed investment decisions.
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