Saatvik Green Energy share price hits 10% upper circuit on strong Q1 profit growth

Saatvik Green Energy share price was locked in the 10% upper circuit in Thursday's trading session following a significant increase in its consolidated net profit, which reached ₹118.82 crore in the June quarter compared to the previous year, primarily due to rising revenues.

The recently-listed firm reported a consolidated net profit of ₹21.24 crore for the quarter ended June 30, 2025, as indicated in a regulatory filing.

Total income increased to ₹919.73 crore during the quarter, up from ₹254.09 crore in the same quarter last year.

“This first quarter result reflects our consistent growth momentum, backed by improved operational efficiency, prudent cost optimisation, and focused execution across all business verticals,” said Prashant Mathur, CEO of Saatvik Green Energy Limited.

The company reported that module production reached 685 MW in Q1FY26, exhibiting a strong capacity utilisation rate of 81.47%. Going to the order book, a solid and substantial order book of 4.05 GW was recorded as of June 30, 2025.

The performance in the first quarter highlights Saatvik's strong operational and financial discipline, achieving impressive growth in all major metrics. Revenue and profitability experienced notable improvement year-on-year, bolstered by increased capacity utilization, cost efficiencies, and careful financial management, noted Abani Jha, CFO of Saatvik Green Energy Limited. With a strong beginning to the year, we are well-positioned to take advantage of emerging opportunities and provide long-term value to our stakeholders, he added.

Saatvik Green Energy share price

Saatvik Green Energy share price today opened at an intraday high of ₹551.40 apiece on the BSE. The stock touched an intraday low of ₹526.70 per share.

The company’s stock had a muted debut on the exchanges on September 26, same price as its initial public offering price. Shares listed at the IPO price of ₹465 per share on the NSE and at ₹460 on the BSE.

The funds from the fresh issue, amounting to ₹477.23 crore, will be utilised by Saatvik Solar Industries Private Limited to establish a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park in Odisha, while ₹166.44 crore will be allocated to the subsidiary for settling or paying off its existing debts.

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