Saatvik Green Energy shares post biggest 1-day gain in over a month on ₹190 crore order win

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Shares of Saatvik Green Energy closed Friday's session 4.5% higher at ₹419 apiece, as investors reacted positively to the company's latest order win, which boosted its revenue visibility. The rally also marked the stock's biggest single-day gain in over a month and helped trim its monthly losses to 3.3%.
The company, in a post-market filing on Thursday, announced that its material subsidiary, Saatvik Solar Industries, had secured an order worth Rs190 crore for the supply of solar PV modules from a renowned independent power producer (IPP)/EPC player.
This marked the second major order win for the company in recent weeks. Last week, the subsidiary secured an order worth ₹476 crore from Vikran Engineering for the supply of solar PV modules.
Earlier in May, the company had secured a similar order worth ₹171.45 crore from a domestic independent power producer.
The order involved the supply of TOPCon bifacial glass-glass solar PV modules, a next-generation solar technology that generates power from both sides of the panel rather than just the front, significantly increasing energy output compared with conventional modules, the company said in its May exchange filing.
Last week, Saatvik Solar Industries also signed an initial pact with the Industrial Promotion and Investment Corporation of Odisha Ltd. (IPICOL) to set up a 3.6 GW solar cell manufacturing facility at Gopalpur in Odisha.
The proposed facility will form part of Saatvik Solar's broader manufacturing expansion at Gopalpur, where the company is already progressing with its Phase I integrated manufacturing facility.
Saatvik Green Energy is one of India's leading solar photovoltaic module manufacturers, with a presence across utility-scale, commercial and industrial (C&I), EPC, and distributed solar segments.
The company operates a 4.8 GW module manufacturing facility in Ambala, Haryana, and is developing a greenfield integrated manufacturing facility in Odisha with 4 GW of module capacity and 4.8 GW of solar cell capacity.
The company's shares have remained volatile since their listing in September 2025 and have largely traded below their issue price. Although the stock gained momentum soon after its debut, it failed to sustain those gains and fell below ₹330 in March before staging a recovery.
From those levels, the stock has rebounded 22% to trade at the current price of ₹419. However, it still remains 14% below its issue price and 29.3% lower than its post-listing high of ₹567.
For the quarter ended June, the company reported a 95.45% decline in consolidated net profit to ₹5.3 crore, impacted by weak revenue. It had posted a net profit of ₹116.6 crore in the same quarter a year earlier.
Revenue from operations declined to ₹511 crore from ₹915.7 crore in the April-June quarter of the previous financial year.
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Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
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