India's Saatvik Green Energy hits upper circuit on strong Q1

Saatvik Green Energy

09/10/2025 05:10

** Saatvik Green Energy SAAT.NS rises exchange-allowed maximum of 10% to 551.7 rupees

** Solar module manufacturer reports first earnings since listing in September - Q1 net profit grows more than 5-fold, rev up ~4-fold

** Cites higher capacity use, cost efficiencies, prudent financial management for earnings boost

** Co filed 9 bln-rupee IPO on September 22, comprising 7 bln rupees worth of fresh issue, 2 bln-rupee offer for sale

** SAAT gains ~25% so far since debut

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))