Saatvik Green Energy Limited — Q1FY27 earnings call summary

Filed 15 August 2026 · Company audio recording

Q1 FY27 EBITDA margin at 8.33%, impacted by lower volumes, geopolitical-driven commodity/logistics cost volatility, and FX fluctuations.
Selective order execution to protect margins amid high input costs; cell manufacturing ramp-up expected to drive high double-digit EBITDA margins in H2 FY27.
Phase 2 (3.6 GW cell capacity) to start by Q2 FY27, complete by FY28; Phase 3 (6 GW ingot/wafer) targeted FY29.
FY28 expected to see significant DCR demand growth from retail, C&I, Kusum, and utility segments.
Phase 2 cell capacity (3.6 GW) site activities to start by Q2 FY27; full ramp-up expected within 3 months post-completion.
Geopolitical tensions (e.g., Iran war) causing commodity price spikes, logistics cost inflation, and project delays.
Debt expected to peak at ₹2,200-2,400 crore by FY28 to fund capex; maintaining financial discipline critical.
FY27 sales guidance: 3.5-4 GW, revenue ~₹6,000 crore, EBITDA margin ~12%, PAT margin 6-7%.