SERVOTECH - Servotech Renew
📢 Recent Corporate Announcements
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.
- 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.
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 Servotech confirmed that no revenue was recognized from this order and the bank guarantee has been withdrawn, ensuring no material impact on its financial position.
- 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- Bank guarantee successfully withdrawn with no financial obligations remaining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
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.
- 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.
Servotech Renewable Power System Limited has initiated a postal ballot to seek shareholder approval for two key board positions. The company is proposing the regularization of Dr. Prabhat Kumar as a Non-Executive Independent Director for a three-year term. Additionally, it seeks to re-appoint Mr. Meenakshisundaram Kolandaivel for a second three-year term starting in June 2026. The e-voting period for these special resolutions is scheduled to run from February 5, 2026, to March 6, 2026.
- Proposed regularization of Dr. Prabhat Kumar as Independent Director for a 3-year term until December 2028
- Proposed re-appointment of Mr. Meenakshisundaram Kolandaivel for a second 3-year term until June 2029
- Remote e-voting period set from February 5, 2026, to March 6, 2026
- Voting results to be declared on or before March 8, 2026
- Cut-off date for determining shareholder voting eligibility was January 30, 2026
Servotech Renewable Power System Limited has officially released the audio recording of its earnings conference call held on February 3, 2026. The call focused on the un-audited standalone and consolidated financial results for the third quarter ended December 31, 2025. This filing is a mandatory regulatory requirement under SEBI (LODR) Regulations to ensure transparency for all shareholders. The recording provides a platform for investors to hear management's detailed perspective on the quarter's performance and strategic initiatives.
- Audio recording of the Q3 FY2026 earnings call held on February 3, 2026, is now live.
- Covers un-audited standalone and consolidated financial results for the quarter ended December 31, 2025.
- Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Direct access provided via the company's official website link for investor transparency.
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.
- 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.
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.
- 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
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.
- 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.
Servotech Renewable Power System Limited has incorporated a new wholly-owned subsidiary, SERVOTECH FOUNDATION, as a Section 8 not-for-profit company. The entity has been established with an initial paid-up capital of ₹1,00,000, consisting of 10,000 equity shares at ₹10 each. It will serve as the company's dedicated Corporate Social Responsibility (CSR) arm, focusing on sustainability, education, and environmental protection. This structural move centralizes social initiatives and does not impact the company's commercial revenue or profit margins.
- Incorporated SERVOTECH FOUNDATION as a 100% wholly-owned subsidiary.
- The entity is a Section 8 (not-for-profit) company with an initial paid-up capital of ₹1,00,000.
- The foundation will manage CSR activities including sustainability, health, and education.
- Initial subscription involves 10,000 equity shares at a face value of ₹10 each.
Servotech Renewable Power System Limited has announced its earnings conference call to discuss the un-audited financial results for the quarter ended December 31, 2025 (Q3 FY26). The call is scheduled for Tuesday, February 3, 2026, at 2:30 PM IST. Senior management, including the Founder & Managing Director and the Finance Controller, will be present to interact with analysts and investors. This call is a key event for stakeholders to understand the company's recent financial performance and future outlook in the renewable energy sector.
- Earnings conference call scheduled for February 3, 2026, at 02:30 PM IST.
- Management participants include Founder & MD Raman Bhatia and Finance Controller Vipin Kaushik.
- Focus will be on un-audited financial results for the quarter ended December 31, 2025.
- Universal dial-in numbers provided are +91 22 6280 1362 and +91 22 7115 8373.
- International toll-free numbers available for USA, UK, Singapore, Hong Kong, and other regions.
Servotech Renewable Power System Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Transfer Agent, Bigshare Services Private Limited, confirmed that no requests for dematerialization or rematerialization were received during the quarter ended December 31, 2025. Notably, the company reported that its entire shareholding is already held in dematerialized form. This is a standard regulatory filing ensuring transparency in shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- 100% of the company's shares are currently held in dematerialized form.
- Zero requests for dematerialization or rematerialization were processed during the quarter.
- Confirmation provided by Registrar and Transfer Agent, Bigshare Services Private Limited.
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.
- 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
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.
- 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
Servotech Renewable Power System Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the un-audited financial results for the quarter and nine months ending December 31, 2025. The restriction applies to all designated persons and their immediate relatives to prevent insider trading. The window will reopen 48 hours after the financial results are officially declared to the exchanges.
- Trading window closure begins on Thursday, January 1, 2026.
- Closure is for the purpose of declaring Q3 and nine-month financial results ending December 31, 2025.
- Trading restriction remains in place until 48 hours after the results are announced.
- Applies to all Designated Persons including Directors and designated employees.
- The filing is a mandatory compliance under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
Total Operating Income (TOI) grew 22.69% to INR 305.69 Cr in FY24 from INR 249.15 Cr in FY23, driven by deeper penetration in Solar and EV segments. Consolidated revenue for H1 FY26 stood at INR 244.82 Cr.
Profitability Margins
Net Profit ratio improved 53.93% to 5.68% in FY25 from 3.69% in FY24. Return on Equity (ROE) increased 75.46% to 18.95% in FY25 from 10.80% in FY24, while Return on Capital Employed (ROCE) grew 97.21% to 17.67% from 8.96% in FY24.
EBITDA Margin
EBITDA margin was 6.61% in FY24, a moderation of 55 bps from 7.16% in FY23 due to increased manufacturing, administration, and employee benefit expenses.
Capital Expenditure
The company is setting up a new unit to double its production capacity; specific INR Cr expenditure for this expansion was not disclosed.
Credit Rating & Borrowing
CRISIL Ratings assigned a 'Stable' outlook with bank limits of INR 47 Cr utilized at 64%. Infomerics Ratings assigned 'IVR BBB/Stable' for long-term facilities. Interest coverage ratio stood at 6.28x in FY24.
Operational Drivers
Raw Materials
Raw materials include components for EV chargers, solar inverters, batteries, and solar panels, representing ~80% of total costs.
Capacity Expansion
Current capacity is being expanded to double existing output to support growth beyond the INR 500 Cr revenue mark.
Raw Material Costs
Raw material costs represent ~80% of total costs. EBITDA margins moderated by 55 bps in FY24 partly due to manufacturing expense increases.
Manufacturing Efficiency
Operating Profit Ratio improved 36% to 8.99% in FY25 from 6.61% in FY24, reflecting higher margins in sales.
Logistics & Distribution
Logistic delays are identified as a threat to the supply chain; specific distribution costs were not disclosed.
Strategic Growth
Expected Growth Rate
40%
Growth Strategy
The company aims to leap from the INR 500 Cr revenue block to INR 2,500 Cr by expanding infrastructure, manpower alignment, and product shifting. Growth is supported by securing large government projects, such as the INR 73.70 Cr rooftop solar project from NREDCAP and the INR 16.31 Cr grid-connected solar project from Railway Energy Management Company Ltd.
Products & Services
EV chargers (AC/DC), solar inverters, batteries, solar panels, battery energy storage systems, Servo Stabilizers, and LED lighting solutions.
Brand Portfolio
Servotech
New Products/Services
Development of ultra-fast DC chargers and home AC chargers to capture the expanding EV infrastructure market.
Market Expansion
Expansion into grassroots levels for better profits and strategic alliances/joint ventures for new market entries.
Strategic Alliances
Strategic alliances and JVs are planned to expand market presence, though specific partner names were not disclosed.
External Factors
Industry Trends
The industry is seeing a thrust from the Government to increase EV and Solar penetration through incentives and subsidies, supporting Servotech's 22.69% revenue growth in FY24.
Competitive Landscape
Intense price-based competition from other players in the renewable energy and EV charging sectors.
Competitive Moat
Moat is built on the 21-year industry experience of promoters and established relationships with B2B customers and suppliers, enabling a 40% CAGR over the last three fiscals.
Macro Economic Sensitivity
Sensitive to economic and political conditions, changes in government regulations, and tax policies.
Consumer Behavior
Increasing demand from environmentally conscious customers and investors aligned with green initiatives.
Geopolitical Risks
Global supply chain disruptions and raw material shortages are identified as key threats.
Regulatory & Governance
Industry Regulations
Regulatory changes could increase compliance costs and operational complexity; the company maintains an internal control system to satisfy legal and industry standards.
Environmental Compliance
The company stays aligned with green initiatives to attract environmentally conscious investors; specific ESG costs were not disclosed.
Taxation Policy Impact
Changes in tax policies are noted as a factor that could influence performance.
Risk Analysis
Key Uncertainties
Rapid technological shifts and regulatory changes are primary uncertainties that could require significant capital or increase operational costs.
Third Party Dependencies
High dependency on raw material suppliers as they constitute ~80% of the cost structure.
Technology Obsolescence Risk
High risk of rapid technological shifts in the EV charging space requiring ongoing R&D and capital investment.
Credit & Counterparty Risk
Receivables from retail customers are typically received within 30-45 days; operations remain working capital intensive due to high debtors (96.05 days in FY25).