Shares of Saatvik Green Energy Ltd surged 6.13% to ₹565 on Tuesday after the company announced that its material subsidiary, Saatvik Solar Industries, secured and accepted solar PV module supply orders worth ₹638.85 crore.
According to the company’s exchange filing, the contracts were awarded by three independent power producers and EPC companies, with execution scheduled by June 2026.
This development follows Saatvik Green’s recent debut results post-listing on September 26. For the June quarter, the company reported a sharp rise in performance — revenue more than tripled to ₹915.7 crore from ₹245.9 crore a year earlier. EBITDA also jumped over fivefold year-on-year to ₹176.9 crore, while margins improved to 19.77% from 16.5%.
On a sequential basis, revenue remained flat, but EBITDA grew 17.1%, supported by higher operational efficiency.
The order win strengthens Saatvik Green’s position in India’s renewable energy sector as it continues to capitalize on growing demand for solar infrastructure and government-led energy transition initiatives.
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