Now Reading: Saatvik Green Energy shares jump on Rs 190 crore order win
-
01
Saatvik Green Energy shares jump on Rs 190 crore order win
Shares of Saatvik Green Energy rose 4.5% to Rs 419 on Friday, their biggest single-day gain in over a month, after its subsidiary Saatvik Solar Industries secured a Rs 190 crore order…
Shares of Saatvik Green Energy rose 4.5% to Rs 419 on Friday, their biggest single-day gain in over a month, after its subsidiary Saatvik Solar Industries secured a Rs 190 crore order for solar PV modules from an independent power producer. This is the company's second major order in weeks, following a Rs 476 crore order from Vikran Engineering last week.
For the quarter ended June 2026, Saatvik Green Energy reported consolidated gross sales of Rs 511 crore, down 44% year on year, and a 95% drop in net profit to Rs 5.36 crore. Management attributed the weak performance to geopolitical issues, inflation, and uncertainty over ALMM-II implementation. BusinessToday.in reports brokerages Motilal Oswal and Ambit Capital see over 25% upside, citing a strong order book of 6.35 GW and plans to expand in-house cell manufacturing.
Despite the weak quarter, the company's debt-to-equity ratio improved to 0.99 times, and its order book grew. Saatvik also signed an MoU with IPICOL to set up a 3.6 GW solar cell facility in Odisha. However, Livemint notes the stock remains 14% below its issue price and 29% below its post-listing high.
Indian Opinion Analysis
All three sources report the same financial results and order news, but their framing differs in emphasis. BusinessToday.in leads with brokerages' bullish forecasts and a five-year growth trajectory, downplaying the 95% profit crash as a near-term blip. Livemint's two articles lead with the stock's volatility and its persistent discount to the issue price, highlighting investor caution. Both omit any critical scrutiny of the management's excuses or the sustainability of the order book. The measured read: the company's revenue and profit have grown strongly over five years, but the quarterly crash is severe and the stock has yet to regain investor confidence. Watch the Q2FY27 volumes and cell plant commissioning for a sign of recovery.
Coverage: 3 sources, 3 neutral
Sources (3): businesstoday.in (neutral report), livemint.com (neutral report), livemint.com (2) (neutral report)
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
