The company has announced Servotech Renewable Q2 FY26 and H1 FY26 results, marking a quarter of strategic progress amid temporary profitability pressures. The clean energy and EV charging solutions leader — known for its strong presence in solar innovation and electric mobility infrastructure — reported a sequential dip in revenue and profit as it continued investing heavily in R&D, manufacturing scale-up, and global expansion initiatives.
Servotech Renewable Q2 FY26 Financial Performance
| Particulars | Q2 FY25 | Q2 FY26 | % Change (YoY) |
|---|---|---|---|
| Revenue | 137.17 | 107.66 | ↓ 21.51% |
| Gross Profit | 26.01 | 23.63 | ↓ 9.14% |
| EBITDA | 10.83 | 7.44 | ↓ 31.25% |
| Profit After Tax (PAT) | 4.55 | 0.40 | ↓ 91.32% |
Revenue and profit moderated sequentially, reflecting delayed project executions and rising input costs. Despite this, Servotech maintained a healthy operational pipeline with new contracts and expanding partnerships.
Servotech Renewable H1 FY26 Financial Performance
| Particulars | H1 FY25 | H1 FY26 | % Change (YoY) |
|---|---|---|---|
| Revenue | 312.51 | 244.82 | ↓ 21.66% |
| Gross Profit | 55.46 | 49.63 | ↓ 10.51% |
| EBITDA | 27.83 | 18.28 | ↓ 34.32% |
| Profit After Tax (PAT) | 15.73 | 4.95 | ↓ 68.56% |
The first half of FY26 reflects a consolidation phase, with YoY revenue down ~19% and PAT lower by ~39% (standalone). The company continues to invest in R&D, backward integration, and international expansion, with short-term profitability being impacted by scaling costs and global logistics headwinds.
Key Business Highlights
- Global Expansion: Formed Servotech Renewable International FZCO in Dubai and partnered with Enovra Energy Solutions (Mauritius) to distribute solar and EV solutions across Africa and the Middle East.
- Technology Collaborations: Exclusive partnership with Zhuhai Piwin New Energy (China) for localized manufacturing of advanced Battery Energy Storage Systems (BESS) under the “Make in India” initiative.
- Domestic Scale-Up: Entered a 60:40 JV with BEKEM Infra Projects to execute large-scale government-led renewable energy projects. Inaugurated a new AI-enabled warehouse in Sonipat, improving logistics and operational efficiency.
- Diversified Portfolio:
- 12,500+ EV chargers deployed nationwide through partnerships with BPCL, HPCL, IOCL, and Nayara.
- 43 MW of new solar orders secured, including projects from Indian Railways and MP Urja Vikas Nigam Ltd.
- Growing presence in Battery Energy Storage Systems, Solar Inverters, and Hybrid Power Solutions.
Corporate Leadership and Strategic Branding
- Raman Bhatia, Founder & Managing Director, continues to spearhead Servotech’s transformation into a global clean-tech brand.
- Errol Musk, appointed as Global Advisory Board Member, provides strategic direction on international expansion and innovation.
- Actor & Philanthropist Sonu Sood joined as Global Brand Ambassador, reinforcing Servotech’s image as a purpose-driven green energy brand.
Industry Context and Policy Tailwinds
Servotech operates within India’s fastest-growing sustainability sectors — Renewable Energy and E-Mobility. National programs such as:
- PM Surya Ghar Muft Bijli Yojana (targeting 1 crore solarized homes),
- FAME II and PM E-Drive (accelerating EV adoption), and
- India’s 500 GW non-fossil target by 2030
— together create a robust growth runway for Servotech’s solar and EV charging verticals.
Stock and Shareholding Snapshot
| Parameter | Details (as on 9 Nov 2025) |
|---|---|
| Current Market Price (CMP) | INR 116.28 |
| 52-Week Range | INR 97.55 – INR 196.98 |
| Market Capitalization | INR 2,626.13 crore |
| Promoter Holding | 58.66% |
| Public Shareholding | 33.34% |
| Institutional Investors | 8.00% |
The stock has traded steadily within its mid-range in recent months, following positive sentiment around new project wins and global tie-ups.
Analyst View
Servotech Renewable Q2 FY26 and H1 FY26 performance marks a transitional phase. While revenue and margins witnessed short-term pressure due to cost escalations and timing differences in project execution, the company’s long-term fundamentals remain intact.
With strategic collaborations in BESS, EV infrastructure, and solar power — coupled with a growing international footprint — Servotech is positioning itself as a key beneficiary of India’s clean energy revolution.
As the company ramps up capacity and executes new orders under its JV-led model, Servotech Renewable H2 FY26 is expected to see a rebound in financial performance, supported by strong government initiatives and sustained demand in the EV and renewable sectors.
Conclusion
Servotech Renewable Power System continues to evolve from a domestic clean-tech manufacturer to a globally integrated renewable energy enterprise. Despite temporary headwinds, its diversified portfolio, innovation-first strategy, and visionary leadership underline a strong growth trajectory aimed at powering India’s sustainable future.
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