Servotech Renewable Power System, India’s largest EV charger manufacturer and a leading player in solar solutions and power backup, has announced its consolidated financial results for the quarter and year ended 31st March 2025. Servotech FY25 results reported 91% growth in consolidated revenue and 176.5% growth in Profit After Tax (PAT) for FY24-25.
Exceptional Growth Across All Parameters
Servotech FY25 Results – Full Year
The consolidated total revenue has grown to INR 676.80 crore in FY25 from INR 355.27 crore in FY24, a 91% year on year growth. EBITDA has grown by 159.05% to INR 57.94 crore from INR 22.37 crore in FY24. PBT has almost tripled to INR 44.81 crore, a 177% growth from last year. PAT has grown 176.5% to INR 32.64 crore with profit margins improving to 4.8% from 3.3%.
Servotech Q4 FY25 Consolidated Results
Quarterly performance was in line with the annual performance, with Q4FY25 revenue growing 7.9% to INR 147.46 crore. EBITDA has more than doubled to INR 13.38 crore, a 121% growth. PBT and PAT followed suit, growing 126.1% and 123.4% respectively, with PAT at INR 7.71 crore in the quarter.
Standalone Performance: Growth Reinforced
Standalone Financials – FY24-25
On standalone basis, Servotech has reported 91.8% growth in revenue at INR 589.11 crore in FY25 from INR 307.21 crorer in FY24. EBITDA has grown by 169.8% to INR 58.63 crore. PBT has grown 191.6% to INR 45.29 crore and PAT has grown 195.5% to INR 33.47 crore. Net profit margin has improved from 3.7% to 5.7%.
Servotech Q4 FY25 Standalone Results
Standalone revenue has grown 4.6% year on year to INR 126.74 crore. EBITDA has grown 136.4% to INR 13.63 crore. PBT and PAT has grown 144.3% and 145.5% respectively with Q4 PAT at INR 7.85 crore.
Operational Efficiency: Strategic Moves Pay Off
Servotech’s growth was not limited to financials. The company has made significant progress in operational efficiency. Average debtor cycle has improved to 86 days in FY25 from 120 days in FY24. Inventory holding period has reduced to around 35 days from 45 days. These are signs of the company’s focus on lean and agile supply chain, a key enabler of long term growth.
Leadership Commentary and Strategic Outlook
Commenting on the results, Raman Bhatia, Managing Director of Servotech Renewable Power System, said,
“We have had an exciting and encouraging journey over the last few quarters. We have grown robustly, driven by our efforts to strengthen India’s EV charging infrastructure and expand access to clean solar energy. These numbers reiterate our position as a leader in the green energy transition and the trust in our vision and capabilities.”
He further elaborated on Servotech’s future-ready strategy, “We will deepen our impact through domestic manufacturing expansion, innovation scale-up and global market penetration.
“With future-ready products and strategic plans, we will empower cities, industries and individuals—drive growth and shape a cleaner, smarter and more connected energy world,” Bhatia added.
Company Overview
Servotech Renewable Power System, formerly known as Servotech Power Systems, is a listed company on NSE, a pioneer in EV charging. With over two decades of experience in electronics and power systems, the company designs and manufactures AC and DC EV chargers for commercial and residential use. Servotech also provides integrated solar power solutions and backup systems. With pan-India presence and engineering excellence, the company will be a key player in India’s EV and renewable energy space.
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 118 per share, reflecting ~284% return since its listing and earning the status of a multibagger stock.
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