Saatvik Green Energy earnings calls.

Saatvik Green Energy delivered outstanding Q3 FY26 results with 143% YoY revenue growthCurrent reported value: 143% YoY revenue growth. No comparable prior figure is available in the source record. to Rs 1,125.7 crore and 144% PAT growthCurrent reported value: 144% PAT growth. No comparable prior figure is available in the source record. to Rs 98.7 crore, driven by robust execution post-monsoon normalization and strong demand across utility scale and CNI segments. EBITDA margin contracted 285bps YoY to 13.11% due to silver price volatility (now comprising 25% of module costs vs. 15-16% previously) and dollar fluctuations, though management expects recovery in Q4. The 9-month performance remains strong at 15.96%Current 15.96%. Reported change: +sustained efficiency. EBITDA margin with 145% PAT growth. The company commissioned a 2 GW EPE film facility, advancing vertical integration, while the Odisha greenfield project remains on track for 4 GW module commissioning by March FY26 and 4.8 GW cell capacity by H2 FY27. With a 5.05 GW order bookCurrent 5.05 GW order book. Reported change: ₹6,500 Cr pipeline. (~Rs 6,500 crore) providing clear revenue visibility and 81%Current 81%. Reported change: +flat QoQ. capacity utilization, management targets 100%+ growth sustainability into FY27. Key risks include silver/commodity price volatility, margin pressure on spot orders, and intensifying competition from expanding cell capacities (30 GW to 50-60 GW).