Servotech Renewable Power Q1 FY27 Revenue Jumps 66% to ₹208 Crore
Servotech Renewable Power reported Q1 FY27 standalone revenue of ₹208.10 crore, up 66.31% YoY. Consolidated revenue grew 57.69% to ₹216.29 crore. The company secured new orders, including from South Central Railway. Servotech plans a 10x expansion in BESS production capacity over two years, doubling it within 6 months.
The significant revenue growth, coupled with substantial capacity expansion plans for BESS and new order wins, are material positive developments for the company.
The company reported strong year-on-year growth in revenue and EBITDA on both standalone and consolidated bases. Several new orders and strategic capacity expansions were announced, indicating positive future prospects.
Servotech Renewable Power System Limited announced its financial results for the first quarter ended June 30, 2026. The company reported a significant year-on-year growth across key financial parameters.
On a standalone basis, total revenue increased by 66.31% to ₹208.10 crore from ₹125.14 crore in Q1 FY26. EBITDA grew by 62.85% to ₹47 crore, and Profit After Tax (PAT) stood at ₹11.10 crore. The company attributed these results to improved operational efficiencies, disciplined execution, and sustained demand.
On a consolidated basis, total revenue rose by 57.69% to ₹216.29 crore compared to ₹137.17 crore in Q1 FY26. EBITDA witnessed a growth of 93.35% to ₹20.94 crore, while PAT was ₹7.95 crore, a year-on-year increase of 74.51%. The management expressed confidence in the company's long-term strategy and execution.
During the quarter, Servotech secured a major rooftop solar order from South Central Railway and signed an MOU with the Government of Haryana to expand manufacturing capacity. It also received a 900-kilowatt BESS order from UP and achieved BEE 5-star ratings for its 60 kW and 120 kW DC chargers.
The company plans to significantly expand its manufacturing capacity for Battery Energy Storage Systems (BESS). The capacity is expected to double in the next 6 months, triple by March 21, 2027, and increase 10-fold in the next two years. Management highlighted that the current production capacity is being utilized at 50% and they are unable to meet the growing demand.
Servotech is also focusing on expanding its channel partners across India and penetrating new markets. The company anticipates H2 to be stronger than H1, consistent with historical trends. Regarding EV chargers, while the market is currently stagnant, future growth is expected. Servotech is also working on expanding its charging network under the PM E-drive initiative and supplying chargers for E-Rickshaws.
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