Saatvik Green Energy Ltd. · NSE:SAATVIKGL
Saatvik Green Energy — Q4 FY26 Earnings Presentation
38 slides from Saatvik Green Energy's earnings presentation, May 20, 2026
Slide 1: Stock exchange filing cover letter
Ref.: SGEL/SE/2026-27/18 May 20, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street Exchange Plaza, C-1, Block G, Bandra Kurla Mumbai – 400001 Complex Bandra (E), Mumbai – 400 051 Scrip Code: 544526 Symbol:
Slide 2: Q4 FY26 Investor Presentation
Q4 FY26 INVESTOR PRESENTATION May 2026
Slide 3: Disclaimer
DISCLAIMER This presentation and the accompanying slides (the “Presentation”), which have been prepared by Saatvik Green Energy Limited (the “Company”), are solely for information purposes and do not constitute, and should not be construed as, any offer, recommendation, or invitation to purchase or
Slide 4: Key Highlights
KEY HIGHLIGHTS
Slide 5: Defining a new growth trajectory
KEY HIGHLIGHTS FY26 Defining a new growth trajectory HIGHEST EVER PRODUCTION HIGHEST EVER SALES RECORD REVENUE 3,162 3,138 INR 45,484 Mn MW MW 111% YoY growth 2.2x vs FY25 126% YoY growth RECORD EBITDA LANDMARK PAT IMPROVED DEBT / EQUITY RATIO INR 5,811 Mn INR 3,571 Mn 0.65 (from 1.34 in FY25) 62% Y
Slide 6: Management Comment
KEY HIGHLIGHTS MANAGEMENT COMMENT “FY26 marked a landmark year for Saatvik Green Energy, with the Company delivering its highest-ever operational and financial performance across key parameters. Revenue for FY26 increased to ₹ 45,484 million, registering a strong YoY growth of 111%, driven by robust
Slide 7: Laying the foundation for scalable, long-term growth
Recent Updates Laying the foundation for scalable, long-term growth 01 02 03 04 05 Component/Ancillary Entry into Energy Strategic Land Manufacturing Transformers Awarded Bronze Medal Storage Acquisition Milestone Manufacturing by EcoVadis Launched Saatvik Power Storage Entered into a 99-year lease
Slide 8: Expanding Capacities to Build an End-to-End Energy Platform
Expanding Capacities to Build an End-to-End Energy Platform Established Manufacturing Strategic Capacity Backward Integrated Platform Expansion Operations FY 26 FY 27 / FY 28 FY 29 Scaling Integrated Ingots and Manufacturing Capabilities 6 GW Wafers Execution-Led Growth & Market Presence 6 GW 6 GW C
Slide 9: Heading Towards Full Value Chain Integration
Heading Towards Full Value Chain Integration Junction Box Inverters Ground Mounted Projects + Aluminum Frame + Transformers + Rooftop Projects + Ingots/Wafers Cells + Module + Specialized Applications + (Solar Pumps) Encapsulant + BESS + + B2C (Solar Kits) Ribbon Planned Future Expansion
Slide 10: Odisha Project: 4 GW Module Line
Project Status Odisha Project : 4 GW Module Line Completed Activities • Civil and structural works substantially completed • Production equipment successfully dispatched Upcoming Milestones • Completion of ongoing MEP activities • Equipment installation and Production ramp-up Module tool moving will
Slide 11: Odisha Project: 2.4 GW Cell Line
Project Status Odisha Project : 2.4 GW Cell Line Completed Activities • Structural works and Civil works completed • All MEP contractors & vendors mobilized and onboarded Upcoming Milestones • Ongoing execution of MEP works. • Power and utility infrastructure progressing on schedule. • Equipment ins
Slide 12: Strategic acquisition to accelerate integrated growth
Transformers · Melcon Strategic acquisition to accelerate integrated growth MULTIPLE DEMAND DRIVERS VALUE CREATION THROUGH ACQUISITION Rising electricity demand • Strategic Entry into Power Infrastructure • Advancing Vertical Integration Strategy Revamped Distribution Sector Scheme • Operational & S
Slide 13: Other Highlights
Other Highlights Expanding Component Capabilities Solar Pump Vertical 2 GW → 5 GW 24x Revenue scale-up in a single year — from ₹2 Cr to ₹47 Cr Encapsulant capacity expansion Strengthened positioning in the renewable energy and rural electrification ecosystem
Slide 14: Product portfolio expansion plans
PRODUCT PORTFOLIO Expansion Plans Product portfolio expansion plans 01 02 03 BESS — Battery Storage Hybrid & Off-Grid Inverters Solar Kits Battery solutions for commercial and industrial On-Grid Solar-Kits for residential and clients seeking reliable backup and grid The off-grid / hybrid inverter se
Slide 15: Operational & Financial Performance
OPERATIONAL & FINANCIAL PERFORMANCE
Slide 16: Scaling Manufacturing with strong sales execution
OPERATIONAL PERFORMANCE Scaling Manufacturing With strong sales execution 13x in 3 years ~135% CAGR Production (MW) Sales (MW) 3,162 3,138 1,459 1,389 501 459 249 243 FY 22–23 FY 23–24 FY 24–25 FY 25–26 FY 22–23 FY 23–24 FY 24–25 FY 25–26 13x in 3 years, reaching a record 3.16 GW in FY26 Sales volum
Slide 17: Summary of Financial performance
FINANCIAL PERFORMANCE Summary of Financial performance Revenue from Operations (INR Mn) CAGR of last 3 years: 96% EBITDA (INR Mn) CAGR of last 3 years: 190% 45,484 5,811 3,596 21,584 1,568 10,880 6,086 239 FY 22–23 FY 23–24 FY 24–25 FY 25–26 FY 22–23 FY 23–24 FY 24–25 FY 25–26
Slide 18: Summary of Financial performance
FINANCIAL PERFORMANCE Summary of Financial performance PAT (INR Mn) CAGR : 324% Debt / Equity (x) Deleveraging 3,571 2,171 FY25–26 0.65 FY24–25 1.34 1,005 FY23–24 2.18 FY22–23 7.13 47 Sharp deleveraging from 1.34 to 0.65 in FY26 — significantly stronger balance-sheet position. FY 22–23 FY 23–24 FY 2
Slide 19: Capacity utilization and order book
FINANCIAL PERFORMANCE Summary of Financial performance EFFECTIVE CAPACITY STRONG ORDER BOOK UTILIZATION As on Mar 2026 84.07% FY26 average 5.89 GW Confirmed order book OPERATIONAL ORDER BOOK VISIBILITY 4.8 GW ~123% Strong Module capacity Of installed capacity Forward revenue Healthy plant utilizatio
Slide 20: Financial results: Statement of Profit & Loss
FINANCIAL RESULTS Statement of Profit & Loss Financial results Figures in INR Mn Quarter Ended Year Ended FY25 Particulars March 31, 2026 December 31, 2025 March 31, 2025 FY26 (Audited) (Unaudited) (Audited) (Audited) (Audited) Revenue from operations 16077 12570 9189 45484 21584 Other Income 90 114
Slide 21: Financial results: Balance Sheet
FINANCIAL RESULTS Balance Sheet Financial results Figures in INR Mn Equity & Liabilities FY26 FY25 Assets FY26 FY25 Shareholders Funds 13,608 3,408 Non Current Assets 10,410 3,740 Share Capital 254 224 Property, plant and equipment 3,087 2,593 Other Equity 13,356 3,184 Capital work in progress 3,841
Slide 22: Industry Highlights
INDUSTRY HIGHLIGHTS
Slide 23: India's Solar Scale & trajectory
INDUSTRY HIGHLIGHTS India’s Solar Scale & trajectory From 2.5 GW in 2014 to 150 GW in 2026 — a 60× scale-up in 12 years 2.5 GW 22 GW 50 GW 73 GW 106 GW 150 GW 2014 2018 2021 2023 2025 Mar '26 44.6 GW 3rd 55.3 GW 51.5% Record solar India globally Total non-fossil RE share in peak Added in FY2026 In R
Slide 24: India's Solar Demand Outlook
INDUSTRY HIGHLIGHTS India’s Solar Demand Outlook Remains strong Key Demand Drivers India targets 500 GW non-fossil Power demand expected to C&I consumers account for capacity by 2030 grow 6–7% CAGR till 2030 ~20–25 GW open access solar • Current installed renewable capacity: opportunity ~220 GW+ (FY
Slide 25: The Opportunity: Why now, why India, why Saatvik
INDUSTRY HIGHLIGHTS The Opportunity Why now, why India, why Saatvik INDIA'S SOLAR HEADROOM SGEL's POSITIONING Only 15.4% of India's 750 GW solar potential harnessed 4.8 GW module capacity → 8.8 GW by FY27 (including CAPACITY 01 — massive runway remains Odisha Phase 2 expansion of 3.6 GW) India RE ma
Slide 26: About Us
ABOUT US
Slide 27: Vision, mission and values
ABOUT US Our direction. Our purpose. Our way forward. How we show up every day Our values define the behaviours expected from each of us, across roles, functions, and locations. OUR VISION CORE VALUES KEY VALUES To be amidst the world’s most trusted and admired clean energy companies, empowering a s
Slide 28: A listed company pioneering progress & expansion
ABOUT US Key milestones since incorporation A listed company pioneering progress & expansion A LISTED COMPANY PIONEERING PROGRESS & EXPANSION • Listed on NSE & BSE 2025 • Achieved 4.8 GW module capacity • Commissioned 2 GW EPE facility • Launched UDAY Series inverters INNOVATING FOR EXCELLENCE • Pro
Slide 29: Expanding India Footprint
ABOUT US Strategically positioned across the country EXPANDING INDIA FOOTPRINT Selling partners 19 31 Note: The map of India shown is for illustrative purposes only and does not represent political boundaries or exact locations. RESELLERS DISTRIBUTORS 14 CHANNEL PARTNERS 64 SELLING PARTNERS
Slide 30: Appendix
APPENDIX
Slide 31: Experienced Management Team 1/2
EXPERIENCED MANAGEMENT TEAM 1/2 NEELESH GARG MANIK GARG PRASHANT MATHUR Promoter, Chairman & Managing Director Promoter & Managing Director Chief Executive Officer • Mr. Neelesh Garg holds a degree in • Mr. Garg holds a degree from Shri Ram • Mr. Prashant Mathur has over 26 years Computer Science fr
Slide 32: Experienced Management Team 2/2
EXPERIENCED MANAGEMENT TEAM 2/2 JYOTI VERMA RISHABH MEHTTA MANAVIKA GARG Head Legal, Company Secretary & Interim Chief Financial Officer (KMP) Promoter & Non Executive Director Compliance Officer (KMP) • Ms. Jyoti Verma is a Fellow Member of • Mr. Rishabh Mehtta is a qualified • Ms. Manavika Garg ho
Slide 33: Experienced Leadership Team
EXPERIENCED LEADERSHIP TEAM SUDHIR BASSI NARENDRA MAIRPADY RITU LAL Independent Director Independent Director Independent Director • Mr. Sudhir Bassi is an Executive • Mr. Narendra Mairpady is a former • Ms. Ritu Lal holds a B.Sc. (Hons) from Director in capital markets with over 30 Chairman & Manag
Slide 34: Global Certifications & Quality Benchmarks
RECOGNISED WITH GLOBAL CERTIFICATIONS & QUALITY BENCHMARKS Manufacturing facility has obtained various certifications Credit rating CRISIL A- rated as on April 21, 2025 Product Certifications EcoVadis IEC IEC 61215- UL 61730-1:2022, Bronze Medal 61215:2005 2:2021 UL 61730-2:2022 Certified by multipl
Slide 35: SDG Aligned Sustainability Initiatives
SDG ALIGNED SUSTAINABILITY INITIATIVES EDUCATIONAL CSR EQUAL OPPORTUNITY COMPREHENSIVE EMPLOYEE EMPLOYMENT PRACTICES Developing smart classrooms in government HEALTH PROGRAMS schools, providing scholarships, installing safety with special safety support initiatives for girls including regular check-
Slide 36: SDG Aligned Sustainability Initiatives
SDG ALIGNED SUSTAINABILITY INITIATIVES COMPREHENSIVE WASTE TECHNOLOGY EXCELLENCE through energy-efficient equipment deployment MANAGEMENT SIGNIFICANT RENEWABLE ENERGY including IE3+ motors, advanced compressors, and Systematic waste segregation, hazardous waste ADOPTION comprehensive LED lighting sy
Slide 37: Community Empowerment Activities
COMMUNITY EMPOWERMENT ACTIVITIES Healthcare Skilling Healthcare Healthcare Blood Center setup at Ambala Local Youth Community Engagement Supporting Differently Abled person Supporting Paraplegic Patients Education Education – School Transformation Skilling Community Learning Centre, Faridabad Public
Slide 38: Thank You
THANK YOU SAATVIK GREEN ENERGY LIMITED Saatvik Green Energy Ltd Adfactors IR Mr. Chetan Dhundele Saloni Nagvekar/ Tejpal Singh chetan.dhundele@saatvikgroup.com saloni.nagvekar@adfactorspr.com tejpal.singh@adfactorspr.com Email : investors@saatvikgroup.com Website : https://saatvikgroup.com