Servotech Renewable Power System, India’s largest EV charger manufacturer and leading solar solutions provider, has reported a strong Q1 FY26 with sharp growth in profitability and steady topline.
Standalone performance has been phenomenal in Servotech Q1 FY26 results, as the demand for EV charging infrastructure and solar energy solutions is picking up in India.
Servotech Q1 FY26: Standalone Financials
- Revenue: INR 125.14 crore, up 28.01% from INR 97.76 crore in Q1 FY25.
- EBITDA: INR 14.23 crore, up 63.65% from INR 8.70 crore.
- Gross Profit: INR 26.57 crore, up 36.96% from INR 19.40 crore.
- PBT: INR 10.04 crore, up 59.25% from INR 6.30 crore.
- PAT: INR 7.55 crore, up 59.18% from INR 4.74 crore.
Servotech Q1 FY26: Consolidated Financials
- Revenue: INR 137.17 crore, up 21.99% from INR 112.44 crore in Q1 FY25.
- EBITDA: INR 10.83 crore, up 26.87% from INR 8.54 crore.
- Gross Profit: INR 26.00 crore, up 27.57% from INR 20.38 crore.
- PBT: INR 6.57 crore, up 6.92% from INR 6.15 crore.
- PAT: INR 4.55 crore, up 1.36% from INR 4.49 crore.
Strong Margins, Expanding Footprint
Servotech’s profitability numbers indicate operational improvement. EBITDA margin on a standalone basis has improved significantly due to higher margin EV charging and solar projects, cost optimisation and scale benefits.
Standalone performance is ahead of the curve, while consolidated numbers are more measured. PAT has grown marginally.
Management View
Raman Bhatia, MD of Servotech, said: “We are happy with our performance this quarter, which is a result of our consistent hard work, dedication and focus. We have expanded our presence across India and beyond in both solar and EV segments. This is just a beginning — there is a lot more to unlock and we will continue to innovate, deliver superior products and customer satisfaction.”
Servotech Renewable Post-IPO Performance & Market Impact
Servotech made its stock market debut on 24 August 2017, with an IPO issue size of INR 15.12 crore. The stock was listed at INR 30.70 per share, reflecting a slight decline of 0.97% from its issue price. Currently, the stock is trading around INR 138.22 per share, reflecting a 358% return since its listing and earning the status of a multibagger stock.
For investors, a 59% rise in standalone net profit is a clear indication that Servotech is capitalising on its leadership in EV chargers and solar power solutions. Double-digit growth in revenue with superlative profit growth is a sign of operating leverage.
Given India’s aggressive EV adoption targets and the government’s push for renewable energy infrastructure, Servotech’s growth story is well in line with the macros. If execution remains strong, the company can deliver above-average earnings growth and is a stock to watch in the green energy space.
Bottom Line: Servotech Q1 FY26 results solidify its position as a leader in India’s renewable energy and EV infrastructure space. Strong profitability and revenue growth are signs of good business momentum — with more upside if group-level performance matches the performance of the core business.
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