Saatvik Green Energy Ltd. · NSE:SAATVIKGL
Saatvik Green Energy — Q3 FY26 Earnings Presentation
32 slides from Saatvik Green Energy's earnings presentation, Feb 4, 2026
Slide 1: Exchange filing cover letter
Ref.: SGEL/SE/2025-26/56 February 04, 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 Sym
Slide 2: Q3 & 9M FY26 Investor Presentation
SAATVIK GREEN ENERGY LIMITED Q3 & 9M FY26 INVESTOR PRESENTATION February 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: Our Direction. Our Purpose. Our Way Forward.
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 OUR VALUES To be amidst the world’s most trusted and admired clean energy companies, empowering a sustainable CUSTOMER F
Slide 5: Contents
Result Highlights About us Table of CONTENTS Industry Highlights Appendix
Slide 6: Result Highlights
RESULT HIGHLIGHTS
Slide 7: Management Commentary
MANAGEMENT COMMENTARY “Q3 FY26 was a strong quarter for Saatvik Green Energy, with revenues reaching ₹12,570 million, driven by robust demand for solar modules, high-capacity utilization and continued traction from repeat customers. EBITDA stood at ₹1,648 million, with margins at 13.11%, reflecting
Slide 8: Recent Updates
RECENT UPDATES TOGETHER, THESE DEVELOPMENTS STRENGTHEN SAATVIK’S REVENUE VISIBILITY, MARGIN RESILIENCE AND VERTICAL INTEGRATION ACROSS INDIA’S SOLAR VALUE CHAIN. Secured ₹963 crore order book for Commissioned 2 GW in-house EPE Secured ₹ 30.24 Cr orders for solar Solar PV Modules (Encapsulant) film m
Slide 9: Result Highlights – 9M FY26
RESULT HIGHLIGHTS – 9M FY26 Revenue EBITDA PAT INR 29,408 Mn INR 4,693 Mn INR 3,008 Mn +137 % Y-on-Y +135 % Y-on-Y +145 % Y-on-Y Order Book 5.05 GW As on Dec-25
Slide 10: Result Highlights – Q3 FY26
RESULT HIGHLIGHTS – Q3 FY26 Revenue EBITDA PAT INR 12,570 Mn INR 1,648 Mn INR 987 Mn +143 % Y-on-Y +134 % Y-on-Y +144 % Y-on-Y Debt Equity ROE ROCE Ratio 23.10 % 26.03 % 0.66 (Improved leverage from 1.36 in FY25)
Slide 11: Summary of Financial Performance
SUMMARY OF FINANCIAL PERFORMANCE Revenue from Operations (INR Mn) EBITDA (INR Mn) EBITDA Margin % 13.56% 13.11% 16.12% 15.96% 137% 29,408 4,693 135% 143% 12,570 1,648 134% 1,997 12,395 5,182 703 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26
Slide 12: Summary of Financial Performance
SUMMARY OF FINANCIAL PERFORMANCE PAT (INR Mn) Debt/Equity (x) PAT Margin % 7.81% 7.85% 9.90% 10.23% 4bps 33 bps 3,008 2.18 145% Margin expansion% 1.37 1.26 144% 987 1,227 0.66 405 Q3FY25 Q3FY26 9MFY25 9MFY26 Q4FY24 Q2FY25 Q4FY25 Q3FY26
Slide 13: Summary of Financial Performance
SUMMARY OF FINANCIAL PERFORMANCE Production (in MW) and Capacity Utilization Effective Capacity Utilization % 82.66% 81.00% 75.9% 81.88% Strong Order book (As on Dec 2025) 164% 2,236 110% 759 361 847 5.05 GW Q3FY25 Q3FY26 9MFY25 9MFY26
Slide 14: Financial Results
FINANCIAL RESULTS Consolidated Statements of Profit and Loss Figures in INR Mn Quarter Ended Nine month Ended Particulars December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue from operations 125
Slide 15: About Us
ABOUT US
Slide 16: Key Milestones Since Incorporation
KEY MILESTONES SINCE INCORPORATION A LISTED COMPANY PIONEERING PROGRESS & EXPANSION 2025 • Company got listed on both NSE and BSE, enhancing its visibility, credibility, and access to capital markets. • Launched UDAY Series of on-grid inverters, expanding into comprehensive solar ecosystem solutions
Slide 17: Manufacturing Capability
MANUFACTURING CAPABILITY 4.8 GW Dec-25 OUR CORE VALUES 2.8 GW Dec-24 1.8 GW Apr-24 QUALITY RELIABILITY INTEGRITY 564 MW 2023-24 285 MW 2019-21 TRUST TEAMWORK 125 MW 2016-19
Slide 18: Expanding India Footprint
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 19: Leading Manufacturer Offering Integrated Solutions
LEADING MANUFACTURER OFFERING INTEGRATED SOLUTIONS ONE OF THE FASTEST GROWING SOLAR MODULES RECENTLY SECURED MANUFACTURING LOA FROM MSEDCL COMPANY IN INDIA with ~4.8 GW for the installation of 1,500 operational capacity. solar pumps. SOLAR CELLS SOLAR MODULES SOLAR EPC / O&M SOLAR PUMPS INVERTERS SO
Slide 20: Capacity Expansion Plans
CAPACITY EXPANSION PLANS Expanding plans and Backward Integration 2026 2027 Added a capacity of Current module capacity of Expanding in Odisha with Setting up cell facility in plans to set up Odisha of capacity 1.0 GW 4.8 GW 4.00 GW 4.80 GW in Ambala in Q2 FY26 as on Dec 31, 2025 module capacity to
Slide 21: Industry Highlights
INDUSTRY HIGHLIGHTS
Slide 22: Recent Industry Developments
RECENT INDUSTRY DEVELOPMENTS… GST RELIEF INDIA BECOMES THE FOR RENEWABLE ENERGY SECTOR WORLD’S • The GST Council has reduced the tax rate on THIRD-LARGEST solar modules, cells and inverters from 12% to SOLAR POWER PRODUCER 5%, providing a major boost to India’s clean energy sector. • This move is ex
Slide 23: Aligned with India's Energy Transition
…ALIGNED WITH INDIA’S ENERGY TRANSITION PM • Promotes solarization of agriculture through • Aims to install 10 million rooftop solar systems SURYA PM- pumps and grid-connected systems. across India. GHAR KUSUM • Targets 30.8 GW capacity, supporting farmers and reducing diesel use. • Provides up to 3
Slide 24: Well-Positioned to Capture Favorable Industry Tailwinds
WELL-POSITIONED TO CAPTURE FAVORABLE INDUSTRY TAILWINDS Increase in Energy demand by Fiscal 2030 (in BU) Renewable energy capacity of over190GW-200GW is expected to be installed between FY25-30P Energy Requirement Energy Availability at a CAGR of 16-17% Energy Demand CAGR: 5.5 - 6.0% 3% 3% 2,250 2,2
Slide 25: Appendix
APPENDIX
Slide 26: Experienced Management Team 1/2
EXPERIENCED MANAGEMENT TEAM 1/2 NEELESH GARG MANIK GARG PRASHANT MATHUR ABANI KANT JHA Promoter, Chairman & Promoter & Chief Executive Officer Chief Financial Officer Managing Director Managing Director • Over 9 years of experience in the • Responsible for handling matters • Over 21 years of experie
Slide 27: Experienced Management Team 2/2
EXPERIENCED MANAGEMENT TEAM 2/2 MANAVIKA GARG SUDHIR BASSI NARENDRA MAIRPADY RITU LAL Promoter & Non Executive Director Independent Director Independent Director Independent Director • Over 7 years of experience in the • Over 32 years of experience in • Over 21 years of experience in • Nearly 30 yea
Slide 28: Recognised with Global Certifications
RECOGNISED WITH GLOBAL CERTIFICATIONS, HIGHLIGHTING PRODUCTS HIGH QUALITY Manufacturing facility has obtained various certifications Credit rating CRISIL A- rated as on April 21, 2025 Product Certifications IEC 61215:2005 IEC 61215-2:2021 UL 61730-1:2022, UL 61730-2:2022 Crystalline silicon PV modul
Slide 29: SDG Aligned Sustainability Initiatives
SDG ALIGNED SUSTAINABILITY INITIATIVES COMPREHENSIVE EMPLOYEE EDUCATIONAL CSR EQUAL OPPORTUNITY HEALTH PROGRAMS Developing smart classrooms in government EMPLOYMENT PRACTICES including regular check-ups, medical schools, providing scholarships, installing with special safety support initiatives for
Slide 30: SDG Aligned Sustainability Initiatives
SDG ALIGNED SUSTAINABILITY INITIATIVES TECHNOLOGY EXCELLENCE COMPREHENSIVE WASTE SIGNIFICANT RENEWABLE ENERGY through energy-efficient equipment deployment ADOPTION MANAGEMENT including IE3+ motors, advanced compressors, with 1,600 KW solar installations, directly Systematic waste segregation, hazar
Slide 31: Community Empowerment Activities
COMMUNITY EMPOWERMENT ACTIVITIES 2 Smart Classrooms, Running Eye Care Unit Artificial Limbs Donation Camp, Chandigarh Rajkiy Vidyalaya, Itawa Bhopji, Rajasthan at Sri Sathya Sai Manav Seva Education Sponsorship through Bhartiya Vidya Safe Drinking water project, Itawa Bhopji, Rajasthan 27 CCTV camer
Slide 32: Thank You
THANK YOU SAATVIK GREEN ENERGY LIMITED Saatvik Green Energy Limited 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