Green Energy Stock Jumps 5% After Incorporating New Subsidiary for Battery and Energy Storage Solutions

Synopsis: Module manufacturing and EPC company  has taken a step to expand its presence in the renewable energy space by setting up a new subsidiary focused on energy storage solutions. The move reflects the company’s plan to strengthen its capabilities in areas that support the growing renewable power ecosystem in India.

The shares of this EPC company majorly engaged in manufacturing of solar PV modules and provides EPC services, jumped upto 5 percent after incorporating a new subsidiary for battery and energy storage solutions. 

With the market cap of Rs. 4360 Crores, the shares of Saatvik Green Energy Ltd reached an intraday high of Rs. 348.95 per share, raising nearly 5 percent from its previous day close of Rs. 333.65 per share and is trading at a P/E of 11.1 whereas industry P/E stands at 22.7 

News

Saatvik Green Energy Ltd incorporated a wholly owned subsidiary named Saatvik Power Storage Solutions Limited in India on March 9, 2026. The new entity will operate in the renewable energy sector and will focus on the business of batteries and energy storage systems. It has been incorporated with an authorised capital of Rs. 10 lakh, divided into 1 lakh equity shares with a face value of Rs. 10 each. 

The entire shareholding of the subsidiary will be held by Saatvik Green Energy Limited, making it a 100 percent owned unit. The company has stated that no special regulatory approvals were required for the incorporation, and the investment has been made through cash consideration.

Financials

Saatvik Green Energy Ltd is majorly engaged in the manufacturing of solar PV modules and also provides EPC services. The company has a wide sales network with 64 selling partners, which includes 19 resellers, 31 distributors and 14 channel partners, helping it reach customers across different regions.

The company has secured orders worth Rs. 963 crore for solar PV modules and Rs. 24 crore for photovoltaic water pumps. It has also commissioned a 2 GW in-house EPE film manufacturing facility in Q3 FY26 to support its production requirements. The company currently has a manufacturing capacity of 4.8 GW, and its order book stood at around 5.05 GW as of December 2025, providing visibility for upcoming deliveries and execution.

Year on Year analysis: Revenue from operations has increased from Rs. 518 Crores to Rs. 1257 Crores, up 142  percent. Operating profit has increased from Rs. 68 Crores to Rs. 153 Crores, up 125 percent and net profit has increased from Rs. 40 Crores to Rs. 99 Crores, up 147.5 percent 

Quarter on Quarter analysis: Revenue from operations has increased from Rs. 768 Crores to Rs. 1257 Crores, up 63.6 percent. Operating profit has increased from Rs. 108 Crores to Rs. 153 Crores, up 41.6 percent and net profit has increased from Rs. 83 Crores to Rs. 99 Crores, up 19.2 percent. 

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