Servotech Renewable Power System reported strong financial results for the first quarter ended June 30, 2026, with consolidated revenue rising 57.69% to ₹21,629.41 lakh. The company's net profit for the quarter stood at ₹794.10 lakh, registering a growth of 74.51% over the corresponding period of the previous year. The results were approved by the Board of Directors at its meeting held on July 21, 2026. An audio recording of the earnings conference call held on July 22, 2026, has been uploaded to the company's website.

Consolidated Financial Performance

The company delivered broad-based growth across key operational metrics. EBITDA surged by 93.35% to ₹2,094.33 lakh from ₹1,083.18 lakh in the same quarter last year, with EBITDA margin expanding to 9.44% from 7.59% on a year-on-year basis. Profit before tax grew by 61.58% to ₹1,061.61 lakh, while gross profit increased by 86.75% to ₹4,856.09 lakh.

Standalone Results

On a standalone basis, total revenue grew 66.31% to ₹20,811.19 lakh from ₹12,513.59 lakh in the same quarter last year. Standalone profit after tax increased 47.01% to ₹1,110.06 lakh, while EBITDA rose 62.85% to ₹2,317.67 lakh.

Board Appointments and Resignations

The Board approved the resignation of Mr. Digvijay Kapoor from the position of Executive Director (Human Resources) effective July 23, 2026, due to personal reasons. Additionally, the Board appointed Mr. Mrityunjay Jha as an Additional Director (Executive Director – Administration) effective July 24, 2026, subject to shareholder approval. Mr. Jha has been with the company for 17 years.

Management Commentary

Raman Bhatia, Managing Director, attributed the performance to the strength of execution capabilities and growing market acceptance of integrated clean energy solutions. He highlighted that the momentum results from a disciplined approach to capitalizing on opportunities in the renewable energy, BESS, and EV charging sectors, with the company focused on scaling manufacturing and advancing indigenous technology.

Servotech Renewable Power System has secured an order worth 900 kW from the Uttar Pradesh State Rural Livelihoods Mission (UPSRLM) for a hybrid solar rooftop project with battery energy storage. The project involves the installation of systems across 12 locations in Uttar Pradesh, each with a capacity of 75 kW. This initiative aims to provide reliable and uninterrupted clean energy while reducing dependence on conventional power sources.

Under the scope of the project, Servotech Renewable Power will be responsible for the design, supply, installation, commissioning, and maintenance of hybrid solar systems with Battery Energy Storage Systems (BESS). The project aligns with the state's focus on decentralized renewable energy adoption and is expected to strengthen energy access in rural communities.

Project Details

Sarika Bhatia, Whole-Time Director of Servotech Renewable Power System, stated that the project reflects the company's commitment to delivering sustainable energy infrastructure. She emphasized that reliable access to clean energy has the potential to transform rural communities and support the state's transition toward renewable energy excellence.

The hybrid solar systems integrated with battery storage are designed to promote sustainable and resilient power infrastructure. This development underscores Servotech's role in advancing India's renewable energy and EV technology infrastructure through its integrated portfolio of solar inverters, BESS, and lithium-ion battery packs.