Saatvik Green Energy Q2 FY26 revenue up 62% to ₹768 cr

Stock reaction: price slips from prior close

Saatvik Green Energy Ltd’s share price moved down 3.17% from its previous close of ₹467.80. The stock was last traded at ₹453.00. The move came alongside multiple data points in the public domain, including quarterly performance disclosures and consolidated financial ratios for the year ended March 31, 2025.

Q2 FY26: revenue and PAT show strong YoY growth

For Q2 FY26, the company reported revenue of ₹768.0 crore, up 61.6% year-on-year (YoY). Profit after tax (PAT) came in at ₹83.2 crore, up 36.4% YoY. The company also cited an EBITDA margin of 16.08% for the quarter, indicating that profitability held up despite the growth phase.

Sep 2025 quarter: sales and profit declined

A separate quarterly update for the quarter ended September 2025 showed a softer picture. Sales declined 5.89% to ₹555.21 crore from ₹589.94 crore in the comparable quarter ended September 2024. Net profit fell 79.68% to ₹3.44 crore from ₹16.93 crore, pointing to a sharp compression in earnings for that period.

Operating margin data point from the same quarter

The September 2025 disclosure also included an operating profit margin (OPM) line item. OPM was reported at -0.62% versus 1.30% in the corresponding prior-year quarter. The combination of lower sales and negative operating margin helps explain the steep decline in quarterly profitability reported for September 2025.

EBITDA and net profit movement: Mar 2025 vs Jun 2025

Additional quarterly comparison data showed EBITDA of ₹181.06 crore for the Jun 2025 quarter versus ₹154.19 crore for Mar 2025, a growth of 17.43%. Net profit for Jun 2025 was ₹118.82 crore compared with ₹91.20 crore in Mar 2025, a growth of 30.29%. These sequential moves suggest that performance was improving into mid-2025, even though the September 2025 quarter numbers later reflected weakness in reported net profit.

Consolidated cost structure: interest and employee costs

For the year ending March 31, 2025, the company spent 1.96% of operating revenues towards interest expenses, as per consolidated financials. Employee cost was 2.72% of operating revenues in the same period. These ratios offer a quick view of the company’s fixed cost profile and financing cost burden relative to operating revenue.

Investing cash flow: higher outflow YoY

The consolidated cash flow data showed the company used ₹198.14 crore for investing activities. This was reported as a YoY increase of 185.33%. A higher investing outflow typically indicates stepped-up capital expenditure or investment in capacity and assets, although the specific drivers were not detailed in the provided extract.

Key numbers table (as reported)

What investors may track next

The data set presents mixed signals across time periods, with strong YoY growth reported for Q2 FY26 but a sharp profit decline shown for the quarter ended September 2025. Investors typically reconcile such differences by tracking the company’s upcoming quarterly filings, management commentary, and segment-level performance, especially if margins fluctuate quarter to quarter. Another key monitorable is whether higher investing cash outflows translate into higher revenue scale and steadier profitability in subsequent quarters.

Conclusion

Saatvik Green Energy reported robust Q2 FY26 growth in revenue and PAT with a stated 16.08% EBITDA margin, while the stock traded lower on the day. At the same time, the September 2025 quarter data showed a notable decline in sales and net profit. The next set of reported results and detailed disclosures will be important for assessing how investments and cost ratios are flowing through to earnings consistency.