Servotech Renewable reports FY26 growth led by EV chargers, solar
Servotech Renewable Power System Limited (formerly Servotech Power Systems Limited) reported its audited financial results for the fourth quarter and full year ended March 31, 2026, with growth supported by its renewable energy and EV charger businesses. Managing Director Raman Bhatia described FY26 as a transformational year, with the strongest quarterly performance since listing.
In Q4 FY26, standalone total revenue rose 66.6% year-on-year to Rs 21,120 lakh from Rs 12,674 lakh. EBITDA increased 70.16% to Rs 2,320 lakh, compared to Rs 1,363 lakh in Q4 FY25. Profit After Tax (PAT) grew 49.5% to Rs 1,173 lakh from Rs 784 lakh.
For FY26, standalone total revenue increased 8.92% to Rs 64,166 lakh from Rs 58,911 lakh in FY25. EBITDA rose 26.54% to Rs 7,419 lakh. EBITDA margin expanded by 161 basis points to 11.56% from 9.95% in the previous year. PAT grew 8.34% to Rs 3,625 lakh.
On a consolidated basis, Q4 FY26 total revenue grew 48.52% year-on-year to Rs 21,900 lakh, while EBITDA increased 80.86% to Rs 2,420 lakh. For the full year, consolidated revenue remained largely flat at Rs 67,536 lakh. The company attributed this to a planned reduction in low-margin trading activity in its medical equipment subsidiary. Despite this, full-year consolidated EBITDA rose 22.46% to Rs 7,095 lakh, and gross profit increased 39.72% to Rs 16,245 lakh.
Raman Bhatia said the company’s performance was driven by the second half of the year, with standalone revenue at Rs 411 crore in H2, up 34% year-on-year, and EBITDA margin at 12%, the highest since listing. He added that recently commissioned capacities across solar inverters, EV chargers, and battery solutions support the company’s outlook for FY27.
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