Servotech Renewable Power System Limited posted a strong operational turnaround in Q3FY26, with robust growth in profitability driven by improved execution across its solar and EV charging businesses. The company reported sharp gains in EBITDA, gross profit, and profit after tax on a standalone basis.
Author: Aditya Pareek | EQMint
Servotech Renewable Power System Limited has announced its financial results for the third quarter of FY2025–26, following the meeting of its Board of Directors held on January 30, 2026, as disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company, formerly known as Servotech Power Systems Limited, is a leading Indian manufacturer of solar power products and electric vehicle (EV) charging solutions, with a strong pan-India presence.
Standalone Financial Performance: Q3FY26
On a standalone basis, Servotech Renewable Power System Limited delivered a solid performance in Q3FY26, reflecting improved operational efficiency and margin expansion.
Key highlights include:
- Total Revenue grew 11.29% year-on-year to ₹20,239 lakh in Q3FY26, compared with ₹18,185.68 lakh in Q3FY25.
- EBITDA surged 59.14% YoY to ₹2,702.23 lakh, up from ₹1,698.05 lakh in the same quarter last year.
- Gross Profit increased 68.08% YoY to ₹5,721.06 lakh, compared with ₹3,403.84 lakh in Q3FY25.
- Profit Before Tax (PBT) rose 47.62% YoY to ₹1,932.82 lakh, up from ₹1,309.35 lakh.
- Profit After Tax (PAT) climbed 54.80% YoY to ₹1,470.46 lakh, compared with ₹949.92 lakh in the corresponding quarter last year.
The strong growth in profitability highlights improved cost controls, better capacity utilisation, and increasing traction in core business verticals.
Consolidated Financial Performance: Q3FY26
On a consolidated basis, the company reported mixed topline performance but significant margin expansion:
- Total Revenue stood at ₹21,154.06 lakh, marginally lower by 2.44% YoY compared with ₹21,683.19 lakh in Q3FY25.
- EBITDA increased sharply by 70.19% YoY to ₹2,846.93 lakh, up from ₹1,672.80 lakh.
- Gross Profit rose 89.8% YoY to ₹6,494.80 lakh, compared with ₹3,421.86 lakh in the previous year.
- Profit Before Tax (PBT) grew 58.13% YoY to ₹2,027.98 lakh, up from ₹1,282.52 lakh.
- Profit After Tax (PAT) surged 68.83% YoY to ₹1,551.50 lakh, compared with ₹918.95 lakh in Q3FY25.
The sharp improvement in margins despite modest revenue softness reflects disciplined execution and a focus on higher-value segments.
Management Commentary
Commenting on the quarterly performance, Raman Bhatia, Managing Director of Servotech Renewable Power System Limited, stated that the quarter marked a decisive turnaround for the company following a challenging previous period.
He highlighted that the strong performance underscores the strength of Servotech’s strategy, resilience, and execution capabilities. The company continued to scale its solar power and EV charging verticals, while also diversifying its portfolio and strengthening its clean mobility presence during the quarter.
Management reaffirmed its commitment to expanding manufacturing capabilities, deepening partnerships, and driving technology-led growth in India’s clean energy ecosystem.
Focus on Solar and EV Charging Infrastructure
Servotech Renewable Power System Limited has been actively investing in:
- AC and DC EV chargers compatible with multiple electric vehicle platforms
- Tech-enabled solar power solutions
- Expansion of India’s EV charging infrastructure
With over two decades of experience in the electronics space, the company aims to play a pivotal role in supporting India’s transition toward clean mobility and renewable energy adoption.
Outlook
With improved visibility on future opportunities and growing trust across markets, Servotech Renewable Power System Limited remains confident of sustaining growth momentum. The company’s Q3FY26 performance reflects its focus on operational excellence, innovation, and long-term value creation for shareholders.
Conclusion
Servotech Renewable Power System Limited delivered a strong turnaround in Q3FY26, marked by double-digit revenue growth on a standalone basis and sharp expansion in EBITDA and profit margins across both standalone and consolidated operations. The results reinforce the company’s strengthening position in India’s renewable energy and EV charging ecosystem.
Disclosed under SEBI Regulation 30, the financial update highlights Servotech’s disciplined execution and growing relevance in the clean energy value chain.
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Disclaimer: This article is for informational and educational purposes only and contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially due to market conditions, regulatory changes, and business factors. This content does not constitute investment advice. Readers are advised to consult certified financial or investment professionals before making any investment decisions.
