Saatvik Green Energy Ltd. · NSE:SAATVIKGL
Saatvik Green Energy — Q2 FY27 Earnings Presentation
32 slides from Saatvik Green Energy's earnings presentation, Nov 5, 2026
Slide 1: Exchange filing cover letter for investor presentation
Ref.: SGEL/SE/2026-27/67 November 05, 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: Q2 & H1 FY27 Investor Presentation
The picture can't be displayed. Q2 & H1 FY27 INVESTOR PRESENTATION November 2026 "Integrating the Value Chain. Scaling the Opportunity." 1
Slide 3: Disclaimer
The picture can't be displayed. 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, recommendatio
Slide 4: Key Highlights
The picture can't be displayed. KEY HIGHLIGHTS 3
Slide 5: Portfolio Expansion & Product Innovation
KEY MILESTONES Q2 & H1 FY27 Portfolio Expansion & Product Innovation HYBRID INVERTER LITHIUM BATTERY MODULE Entered the hybrid inverter segment, Expanded into lithium battery solutions to Launched the Quad-Cut TOPCon 3.0 strengthening our renewable energy strengthen our presence in the energy Dual G
Slide 6: New Market Initiatives & Solar Kit Development
KEY MILESTONES The picture can't be displayed. Q2 & H1 FY27 New Market Initiatives & Solar Kit Development E-COMMERCE SALES SOLAR KITS Commenced e-commerce operations, expanding our digital sales Comprehensive On-Grid Solar Kit solution designed for Residential & presence and customer reach. Small C
Slide 7: Our Vision: From Solar Manufacturer to Integrated Energy Platform
The picture can't be displayed. OUR VISION : From Solar Manufacturer to Integrated Energy Platform 6
Slide 8: Building an End-to-End Energy Platform
Expanding Capacities for The picture can't be displayed. Building an End-to-End Energy Platform Each stage of the value chain is being built with a defined capital plan and a well-defined timeline INGOTS & CELL ENCAPSULANT MODULE WAFERS Under construction — Commissioned — 2 GW live; +3 Established —
Slide 9: From established capabilities to Deeper Integration
Strengthening Our Integrated Manufacturing Platform From established capabilities to Deeper Integration HARYANA (AMBALA) ODISHA (GOPALPUR) Established Manufacturing Base Next-Generation Integrated Hub Ingots and Module Encapsulant Transformers Inverter Battery Ancillaries Module Cell Encapsulant Waf
Slide 10: One Portfolio. Multiple Solar Applications
Extending Saatvik's presence across utility, C&I, agriculture and distributed energy One Portfolio. Multiple Solar Applications UTILITY SCALE C&I DISTRIBUTED AGRICULTURE RESIDENTIAL AND SMALL C&I Ground Mounted Projects Rooftop Projects Solar Pumps Solar Kits Enabled by MODULES INVERTERS TRANSFORMER
Slide 11: Odisha Project: Accelerating Our Journey Towards Integration
The picture can't be displayed. ODISHA PROJECT : Accelerating Our Journey Towards Integration 10
Slide 12: Phase 1 Trial Run Commenced & ALMM Inspection Called For
ODISHA PROJECT Phase 1 : Integrated Manufacturing Campus Phase 1 Trial Run Commenced & ALMM Inspection Called For 57 Acres | 2.4 GW Cell Capacity | 4 GW Module Capacity 11
Slide 13: 2.4 GW Cell Line (Phase I)
PROJECT STATUS Odisha 2.4 GW Cell Line (Phase I) Trial Run Trial Run Commenced; Production Ramp-Up Targeted for Dec’26 ALMM List-II Inspection Planned for November 2026 12
Slide 14: 4 GW Module Line (Phase I commenced)
PROJECT STATUS Odisha 4 GW Module Line (Phase I commenced) Milestones Achieved • Commercial production commenced at the Gopalpur facility, Odisha, effective 2 November 2026 • Phase 1 capacity of approximately 1.3 GW is now operational Upcoming Milestones • Tool and utility testing and validation. •
Slide 15: Phase 2 Structural works & Civil works commenced
ODISHA PROJECT Phase 2 : Integrated Manufacturing Campus Phase 2 Structural works & Civil works commenced 27 Acres | 3.6 GW Cell Capacity 14
Slide 16: Management Comment
Management Comment “The second quarter of FY27 was a significant step forward for Saatvik. Revenue from operations grew 77% sequentially to ₹9,026 million, EBITDA rose to ₹696 million, and profit after tax increased to ₹202 million from ₹54 million in the previous quarter. We closed the first half w
Slide 17: Key Highlights
The picture can't be displayed. Q2 & H1 FY27 Key Highlights MODULE PRODUCTION MODULE SALES REVENUE FROM OPERATIONS 658 MW 640 MW ₹9,026 Mn Q2 FY27 Q2 FY27 +77% QoQ H1 FY27: 1,066 MW H1 FY27: 973 MW H1 FY27: ₹14,136 Mn EBITDA PROFIT AFTER TAX CONFIRMED ORDER BOOK ₹696 Mn ₹202 Mn 6.68 GW 7.7% margin i
Slide 18: Industry Opportunity
INDUSTRY OPPORTUNITY 17 17
Slide 19: India's Solar Demand Outlook Remains Strong
India’s Solar Demand Outlook Remains strong Key Demand Drivers C&I consumers account for Projected Peak Electricity Demand (GW) India targets 500 GW non-fossil ~20–25 GW open access solar capacity by 2030 opportunity • Current installed renewable capacity: • Large corporates increasingly ~220 GW+ (F
Slide 20: India's Solar Manufacturing Shift
The picture can't be displayed. India’s Solar Manufacturing Shift ALMM Accelerating India's Transition Towards Integrated Solar Manufacturing The industry is transitioning from module-led to cell-led competitiveness, with integrated manufacturing ADVANTAGE TO SAATVIK emerging as the key differentiat
Slide 21: The Opportunity: Why now, why India, why Saatvik
The Opportunity Why now, why India, why Saatvik INDIA'S SOLAR HEADROOM Saatvik’s Strategic Positioning Only 15.4% of India's 750 GW solar potential harnessed CAPACITY 6.1 GW module capacity → 8.8 GW by FY27 (Odisha 4 GW by Dec 2026) 01 — massive runway remains 2 GW encapsulant live; 2.4 GW cell capa
Slide 22: Financial Performance
The picture can't be displayed. FINANCIAL PERFORMANCE 21
Slide 23: Order Book Evolution
The picture can't be displayed. Order Book Evolution Snapshot RECENT ORDER WINS DATE ORDER VALUE PRODUCT / SEGMENT STRONG ORDER BOOK 6.68 GW Currently Solar PV modules – Vikran Engineering 13 August 2026 ₹476 Cr Limited 20 August 2026 ₹190.00 Cr Domestic solar PV modules 03 Sept 2026 ₹297.50 Cr Dome
Slide 24: Summary of Financial Performance – Q1 FY27 vs Q2 FY27
FINANCIAL PERFORMANCE Summary of Financial Performance – Q1 FY 27 vs Q2 FY 27 Production (In MW) Sales (In MW) Revenue from Operations (INR Mn) EBITDA (INR Mn) 658 9,026 640 408 5,110 334 Q1 FY27 Q2 FY27 Q1 FY27 Q2 FY27 Q1 FY27 Q2 FY27 EBITDA (INR Mn) Profit After Tax (INR Mn) Debt/Equity Ratio 8.33
Slide 25: Summary of Financial Performance – Q2 FY26 vs Q2 FY27
FINANCIAL PERFORMANCE Summary of Financial Performance – Q2 FY 26 vs Q2 FY 27 Production 759 (In MW) Sales (In MW) Revenue from Operations (INR Mn) EBITDA (INR Mn) 9,026 792 640 538 7,680 658 361 Q3FY25 Q2 FY26 Q3FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 EBITDA (INR Mn) Profit After Tax (INR Mn)
Slide 26: Statement of Q2 & H1 Profit & Loss
The picture can't be displayed. Statement of Q2 & H1 Profit & Loss Figures in INR Mn Quarter Ended Six Month Ended Year Ended Particulars September 30, September 30, September 30, September 30, June 30, 2026 March 31, 2026 2026 2025 2026 2025 Revenue from operations 9,026 5,110 7,680 14,136 16,838 4
Slide 27: Appendix
The picture can't be displayed. APPENDIX 26
Slide 28: Strengthening Our Credentials: Awards & Accolades
Awards & Accolades Strengthening Our Credentials Prithvi Award 2026 'Brand of the Year' award at the Recognised by the ESG Research India Power & Renewable Foundation for outstanding Leadership Awards 2026 sustainability performance. IGBC Green Factory Building — Silver Golden Peacock Occupational R
Slide 29: Sustainability Initiatives
The picture can't be displayed. 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 fo
Slide 30: Sustainability Initiatives
The picture can't be displayed. 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 ADOPTI
Slide 31: Community Empowerment Activities
The picture can't be displayed. COMMUNITY EMPOWERMENT ACTIVITIES Education – School Transformation Healthcare Public School Infrastructure Building Accommodation for Underprivileged Pediatric Cancer Patients at Homi Bhabha cancer research institute 30
Slide 32: Thank You
The picture can't be displayed. THANK YOU SAATVIK GREEN ENERGY LIMITED Adfactors IR Saloni Nagvekar/ Tejaswee Gaonkar/ Soleha Khan saloni.nagvekar@adfactorspr.com tejaswee.gaonkar@adfactorspr.com soleha.khan@adfactorspr.com Website : https://saatvikgroup.com 31