Quarterly Financial Results
Servotech Renewable Reports Strong Q1 FY27 with 66% Revenue Growth; PAT Rises 47%
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- Servotech Renewable Power System Limited reported a strong start to FY27, driven by healthy growth across its renewable energy and EV charging businesses. Standalone revenue rose 66.31% YoY, while EBITDA increased 62.85% and PAT grew 47.01%.
- During the quarter, the company also secured strategic project wins, signed a ₹400 crore manufacturing MoU with the Haryana Government and expanded its clean energy portfolio.
PRICE-SENSITIVE TRIGGER
Event: Servotech Renewable Power System Limited released its Q1 FY27 Investor Presentation along with the unaudited financial results for the quarter ended 30 June 2026.
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect: The company reported strong year-on-year growth across revenue, EBITDA and profitability while highlighting major business developments in solar, EV charging and manufacturing expansion.
Metrics:
Key Financial Metrics (Standalone):
- Revenue: ₹20,811.19 lakh (+66.31% YoY)
- Gross Profit: ₹4,510.83 lakh (+69.75% YoY)
- EBITDA: ₹2,317.67 lakh (+62.85% YoY)
- Profit Before Tax: ₹1,487.72 lakh (+48.18% YoY)
- Profit After Tax: ₹1,110.05 lakh (+47.01% YoY)
Highlight:
- Revenue growth outpaced 66% YoY, supported by strong execution across Servotech’s renewable energy and EV ecosystem, with profitability also improving significantly during the quarter.
What Happened ?
Servotech began FY27 on a strong note with broad-based growth across its core financial metrics. The company attributed the performance to disciplined execution, technology-led innovation and growing demand across its integrated renewable energy portfolio.
Beyond financial performance, the quarter included several strategic milestones:
- Secured a 1,415 kW solar rooftop project from South Central Railway.
- Signed a ₹400 crore MoU with the Government of Haryana to expand manufacturing capacity.
- Received BEE 5-Star Rating for its DC EV chargers.
- Launched a new solar awareness campaign featuring Sonu Sood.
key details
Business Performance:
Servotech continued to strengthen its position in India’s clean energy ecosystem by expanding across solar power, EV charging infrastructure and manufacturing. The company combines power electronics, renewable energy solutions, battery energy storage systems (BESS) and electric mobility under a single integrated platform.
Key Business Developments:
During Q1 FY27, the company announced multiple strategic initiatives that support future growth:
- Won a 1,415 kW solar rooftop project from the South Central Railway, Vijayawada Division.
- Signed a ₹400 crore Memorandum of Understanding (MoU) with the Government of Haryana to expand manufacturing capacity.
- Earned BEE 5-Star Rating for its 60 kW and 120 kW DC EV chargers.
- Rolled out a nationwide solar awareness campaign, “Raho Roshan, Bina Tension,” featuring actor Sonu Sood.
Distribution Expansion:
Servotech continued expanding its nationwide distribution network to strengthen market reach.
Current network includes:
- 800+ distributors
- 6,000+ retailers
- Presence across 370+ towns
- 70%+ partner retention rate
The company also continued investing in brand visibility through television campaigns, dealer engagement programmes and sports partnerships.
Manufacturing & Innovation:
Servotech’s manufacturing and innovation capabilities remain focused on supporting long-term growth.
Operational highlights:
- Two manufacturing facilities in Haryana.
- Dedicated in-house R&D centre.
- More than 600 employees.
- Four patents filed, including three patents granted.
Group Expansion:
The company continues to diversify through subsidiaries operating across:
- EV charging infrastructure
- Solar manufacturing
- Renewable energy solutions
- International operations
- Medical devices
- Sports and event management
- CSR initiatives
This diversified structure supports both vertical integration and expansion into adjacent clean-energy businesses.
Risk Analysis
Summary:
- Servotech delivered robust revenue and earnings growth in Q1 FY27, backed by strong execution and continued expansion across the renewable energy and EV charging segments. However, sustaining this growth will depend on successful execution of new projects, manufacturing expansion and maintaining profitability amid increasing competition.
Key Risks:
- Execution Risk: Timely execution of large solar and EV infrastructure projects remains critical.
- Expansion Risk: Delays in the proposed ₹400 crore manufacturing expansion could impact future capacity growth.
- Competitive Pressure: The renewable energy and EV charging markets continue to attract new domestic and global players.
- Policy Dependence: Business growth remains linked to government policies and incentives supporting clean energy adoption.
- Technology Risk: Continuous innovation is required to remain competitive in the rapidly evolving EV charging ecosystem.
Worst Case:
- Any delay in manufacturing expansion, project execution or a slowdown in demand for renewable energy and EV infrastructure could affect revenue growth and profitability in future quarters.
Risk Level: Medium
Company Commentary
Servotech reiterated its focus on becoming a leading integrated clean energy company through technology, manufacturing and market expansion.
Management priorities include:
- Expand manufacturing capacity through the Haryana MoU.
- Scale solar and EV charging businesses across India.
- Strengthen nationwide distribution and channel partnerships.
- Invest in innovation, indigenous technology and sustainable growth.
- Increase brand visibility to support long-term market expansion.
Official Exchange Filing: Servotech Renewable Power System Limited
