Saatvik Green Energy share price added 10 percent in the opening trade on October 9 following the company received strong numbers in the quarter ended June 2025 (Q1FY26).
At 09:18 hrs Saatvik Green Energy was quoting at Rs 551.40, up Rs 50.10, or 9.99 percent, on the BSE.
The company has posted a net profit of Rs 118.8 crore in the quarter ended June 2025 against Rs 21.2 crore in a year ago period.
The revenue of the company jumped 272 percent at Rs 915.7 crore versus Rs 246 crore, YoY.
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The company received order aggregating to Rs 488 crore from renowned independent power producers/EPC for supply of solar PV modules, which will be executed in the FY26.
Also, company's subsidiary Saatvik Solar Industries has received order aggregating to Rs 219.62 crore from three renowned independent power producers/EPC for supply of solar PV modules.
The company's shares made muted listing on exchanges on September 26 at its IPO price.
The proceeds from the fresh issue worth Rs 477.23 crore will be invested in Saatvik Solar Industries Private Limited for setting up a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park in Odisha, and Rs 166.44 crore will be infused into the subsidiary for repayment or prepayment of its outstanding borrowings.
In the previous trading session, the share closed up 8.91 percent or Rs 41.00 at Rs 501.30.
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