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Servotech Shareholders Approve Independent Director Appointments with Over 99% Majority
Servotech Renewable Power System Limited has successfully passed two special resolutions via postal ballot as of March 6, 2026. Shareholders approved the regularization of Dr. Prabhat Kumar and the re-appointment of Mr. Meenakshisundaram Kolandaivel as Non-Executive Independent Directors. Both resolutions received overwhelming support, with approval ratings of 99.99% and 99.87% respectively. The voting saw a total turnout representing approximately 67.08% of the eligible voting power.
Key Highlights
Regularization of Dr. Prabhat Kumar as Independent Director approved with 15,14,97,221 votes (99.99% assent).
Re-appointment of Mr. Meenakshisundaram Kolandaivel approved with 15,13,11,877 votes (99.87% assent).
Total voter turnout represented 67.08% of the total shares held by the participating categories.
The voting process was conducted via remote e-voting between February 5 and March 6, 2026.
Promoter group showed 100% consensus in favor of both management resolutions.
💼 Action for Investors
Investors should take confidence in the strong shareholder consensus and stable board governance. No immediate portfolio changes are required as these are routine management appointments.
Servotech Terminates ₹73.70 Crore Solar Project Order from NREDCAP
Servotech Renewable Power System Limited has announced the termination of a solar project order valued at ₹73.70 Crore from NREDCAP. The project, originally awarded in November 2025, involved grid-connected rooftop solar installations in Andhra Pradesh. The termination resulted from a revision of payment and commercial terms by the client which the company found unfeasible. Servotech confirmed that no revenue was recognized from this order and the bank guarantee has been withdrawn, ensuring no material impact on its financial position.
Key Highlights
Termination of ₹73.70 Crore order for rooftop solar projects in Kavali Division
Order was originally awarded by NREDCAP in November 2025
Decision driven by unfavorable revisions to payment and commercial terms post-LOA
Bank guarantee successfully withdrawn with no financial obligations remaining
No revenue was recognized, resulting in no material impact on current financials
💼 Action for Investors
Investors should monitor the company's ability to replace this ₹73.70 Crore order to maintain its growth momentum. While there is no immediate financial loss, the termination reflects potential execution risks in government-linked contracts.
Servotech Q3 FY26: Consolidated PAT at ₹15.5 Cr, Revenue Rebounds to ₹212 Cr
Servotech reported a strong sequential recovery in Q3 FY26 with consolidated revenue reaching ₹212 crore and a PAT of ₹15.5 crore. The growth was primarily driven by the solar segment, while the EV charging segment contributed less than 10% due to industry-wide infrastructure-related delays. Management highlighted a significant expansion in inverter manufacturing capacity, aiming for 25,000 units per month. The company is also launching its in-house lithium battery dispatches in March 2026, targeting an additional ₹100 crore in revenue impact.
Key Highlights
Consolidated revenue stood at ₹212 crore with an EBITDA of ₹28.5 crore and PAT of ₹15.5 crore.
Solar segment remains the primary revenue driver, with EV charging contributing less than 10% this quarter.
Targeting a 150% increase in inverter manufacturing capacity from 10,000 to 25,000 units per month within 3 months.
Lithium battery plant established with dispatches starting March 2026, aiming for 60,000 battery packs annually.
Established a UAE subsidiary to serve as a global procurement hub and international expansion gateway.
💼 Action for Investors
Investors should monitor the successful ramp-up of the lithium battery segment and the execution of the expanded inverter capacity. The company's shift toward backward integration and global procurement via the UAE hub could improve long-term margins.
Servotech Q3 FY26: Consolidated PAT Surges 3825% QoQ to ₹15.5 Cr; Revenue Up 96.5%
Servotech Renewable Power System reported a massive sequential recovery in Q3 FY26, with consolidated revenue growing 96.5% to ₹211.5 crore. Net profit (PAT) saw an extraordinary jump of 3824.9% QoQ, reaching ₹15.5 crore compared to just ₹0.4 crore in the previous quarter. The company secured major solar projects worth over ₹90 crore from NREDCAP and REMCL during the quarter. Additionally, Servotech expanded its portfolio into the E-3W lithium-ion battery market and secured a key patent for EV charging conversion technology.
Key Highlights
Consolidated Revenue doubled QoQ to ₹211.54 crore, driven by strong execution in solar and EV segments.
Consolidated PAT skyrocketed by 3824.9% QoQ to ₹15.52 crore, reflecting a sharp turnaround from Q2 setbacks.
Bagged high-value orders including a ₹73.70 crore rooftop solar project from NREDCAP and ₹16.31 crore from REMCL.
Secured a patent for CCS2 to GB/T EV Charging Conversion Technology, enhancing its competitive edge in the EV ecosystem.
Diversified into the E-3W market with the launch of specialized lithium-ion batteries and chargers.
💼 Action for Investors
Investors should view this as a strong recovery play following a weak Q2, supported by a robust order book and government tailwinds like PM Surya Ghar. Monitor the execution of the new E-3W battery segment and the impact of the new patent on market share.
Servotech Q3FY26 Results: Consolidated PAT Surges 3824% QoQ to ₹15.51 Crore
Servotech reported a massive sequential recovery in Q3FY26 following a weak Q2 performance. Consolidated revenue nearly doubled to ₹211.54 crore, while PAT skyrocketed by over 3800% to ₹15.51 crore compared to the previous quarter. The company attributed this growth to improved execution efficiency and manufacturing throughput in the EV charging and solar segments. Management expects this operational momentum to persist into the final quarter of the fiscal year.
Key Highlights
Consolidated Revenue grew 96.50% QoQ to ₹21,154.06 lacs from ₹10,765.69 lacs
Consolidated PAT saw a massive jump of 3824.87% QoQ, reaching ₹1,551.50 lacs
Consolidated EBITDA increased by 282.31% QoQ to ₹2,846.93 lacs
Standalone PAT rose 547.15% QoQ to ₹1,470.46 lacs
Management highlights a strong recovery from Q2 policy-led disruptions and execution delays
💼 Action for Investors
Investors should note the strong sequential turnaround and high growth in the EV charging space; monitor if this margin discipline is sustainable in the upcoming quarters.
Servotech Q3 FY26 Results: Consolidated PAT Surges 68.8% YoY to ₹15.5 Crore
Servotech reported a strong bottom-line performance for Q3 FY26, with consolidated Profit After Tax (PAT) rising 68.83% YoY to ₹1,551.50 lacs. Despite a marginal 2.44% dip in consolidated revenue to ₹21,154.06 lacs, the company achieved significant margin expansion, with consolidated EBITDA growing 70.19% to ₹2,846.93 lacs. Standalone revenue grew by 11.29%, indicating strong performance in the core business. The management highlighted a decisive turnaround from a challenging previous quarter, driven by solar and EV charging verticals.
Key Highlights
Consolidated PAT jumped 68.83% YoY to ₹15.52 crore from ₹9.19 crore in the previous year.
Consolidated EBITDA increased by 70.19% YoY to ₹28.47 crore, reflecting significantly improved operational efficiency.
Standalone revenue grew 11.29% YoY to ₹202.39 crore, while consolidated revenue saw a slight decline of 2.44%.
Consolidated Gross Profit rose by 89.8% YoY to ₹64.95 crore, indicating better product mix and cost management.
Standalone Profit After Tax witnessed a substantial rise of 54.80% YoY, reaching ₹14.70 crore.
💼 Action for Investors
Investors should monitor the sustainability of these high margins as the company scales its EV charging and solar manufacturing. The strong profit growth despite flat consolidated revenue suggests a successful shift toward higher-margin products.
Servotech Enters E-3W Market with SULTAN Li-ion Batteries and Zest Chargers
Servotech Renewable Power System has announced its strategic entry into the electric three-wheeler (E-3W) segment, a fast-growing category in India's EV ecosystem. The company launched the 'SULTAN' lithium-ion battery range, featuring 51.2V/105Ah and 64V/105Ah models using LFP chemistry. Additionally, they introduced 'Zest', a specialized charger for E-3Ws, and 'Voltie', a 2 kW on-grid solar inverter. This move leverages Servotech's existing expertise in EV charging and power electronics to capture the micro-mobility market.
Key Highlights
Launched SULTAN Li-ion batteries in two variants: 51.2V/105Ah and 64V/105Ah for E-Rickshaws and E-Autos
Introduced Zest, a purpose-built charger designed to reduce charging time and enhance battery protection for E-3Ws
Expanded solar portfolio with the launch of Voltie, a 2 kW on-grid solar inverter for residential use
Strategic move into the micro-mobility sector to capitalize on rising last-mile delivery and urban transport needs
💼 Action for Investors
Investors should monitor the adoption rates of these new products and their impact on the company's revenue growth in the upcoming quarters. The expansion into the E-3W battery and charger market provides a new growth lever alongside their established EV charging business.
Servotech Launches New Lithium-ion Battery, Charger, and Solar Inverter for Global Markets
Servotech Renewable Power System Limited has announced the launch of three new products: the SULTAN lithium-ion battery, the ZEST battery charger, and the VOLTIE on-grid solar inverter. These products are aimed at both domestic and international markets, specifically targeting the SAARC and Middle East regions. The launch, effective January 5, 2026, strengthens the company's position in the renewable energy and EV infrastructure sectors. This expansion reflects the company's strategy to capture growing demand for energy storage and solar solutions globally.
Key Highlights
Launched three distinct products: SULTAN (Lithium-ion battery), ZEST (Battery charger), and VOLTIE (On-grid solar inverter)
Targeting international expansion across SAARC countries and the Middle East in addition to the domestic market
Product launch effective as of January 5, 2026, under SEBI Regulation 30
Strategic focus on high-growth sectors including energy storage and solar power infrastructure
💼 Action for Investors
Investors should monitor the revenue contribution from these new product lines in future quarterly results and track the company's execution in the Middle East and SAARC markets. The expansion into lithium-ion batteries and solar inverters aligns well with global energy transition trends.