Shares of Saatvik Green Energy Ltd fell sharply by 10% to Rs 484 on Friday, Nov 7, hitting the lower circuit despite the company reporting a robust 36.39% year-on-year rise in net profit for the September quarter (Q2 FY25).
The company posted a net profit of Rs 83.2 crore, up from Rs 61 crore in the same quarter last year, driven by higher revenues. Its revenue from operations surged to Rs 768 crore, compared to Rs 475.3 crore in the corresponding period last year.
Saatvik also highlighted a strong business outlook, with an order book of 4.68 GW as of September 30, 2025, ensuring solid revenue visibility. The company’s Debt-to-Equity ratio improved to 0.44 from 1.37, reflecting better capital efficiency. CEO Prashant Mathur said the company continues to maintain healthy double-digit margins while expanding aggressively across Odisha, Ambala, and future manufacturing sites.
Despite the positive financial performance, the stock witnessed selling pressure, likely due to profit booking after a strong rally in recent weeks. Saatvik’s shares have been among the top gainers in the renewable energy space, and traders appear to have booked partial profits following the Q2 announcement.
At 9:55 AM, the stock was locked at its lower circuit of Rs 484, down 10% from the previous close of Rs 537.75, with a market capitalization of Rs 61,600 crore.
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