Servotech Renewable reported strong Q4 FY26 growth, with standalone revenue rising 66.6% YoY to ₹211 crore and EBITDA increasing 70.1%. FY26 EBITDA margin expanded by 161 basis points, supported by higher-margin renewable energy and EV businesses. The company strengthened manufacturing capacity across solar inverters, EV chargers and BESS, positioning itself for continued growth in FY27.
PROJECT SNAPSHOT
Company: Servotech Renewable Power System Ltd.
Focus Areas: BESS, solar inverters, EV chargers
FY26 Growth: Strong revenue and EBITDA expansion
Margin Growth: EBITDA margin up by 161 bps
Strategy: Shift to high-margin renewable segments
Key Driver: Battery energy storage systems
Servotech Renewable Power System Ltd., a premier Indian manufacturer of EV chargers, BESS and solar solutions has reported strong financial performance for FY26 with a rapid growth in its manufacturing segments. The company’s results highlight a strategic shift towards high-margin clean energy solutions with BESS emerging as a major driver of its future growth.
In the fourth quarter of FY26, the company’s standalone financial performance showed significant rise, led by a 66.6% surge in total revenue to Rs. 21,120 lakh. This top-line expansion trickled down to profitability with gross profit climbing 58.24% to Rs. 4,222 lakh and EBITDA growing by an impressive 70.16% to reach Rs. 2,320 lakh. The bottom line also saw substantial gains and Profit Before Tax (PBT) rose 41.74% to Rs. 1,489 lakh while Profit After Tax (PAT) jumped 49.5% to Rs. 1,173 lakh up from Rs. 784 lakh in the same period last year.
The company’s consolidated performance for Q4 FY26 was reported as a robust expansion that features a 48.52% increase in total revenue to Rs. 21,900 lakh compared to previous year. Operational efficiency was highlighted as gross profit soared by 72.18% to Rs. 4,787 lakh and EBITDA outperformed with an 80.86% surge, reaching Rs. 2,420 lakh. On the profitability front, PBT climbed 24.16% to Rs. 1,304 lakh and PAT saw a healthy 35.92% rise, finishing the quarter at Rs. 1,048 lakh against Rs. 771 lakh in Q4 FY25.
Servotech’s standalone performance for the year 2026 demonstrated steady growth with total revenue rises 8.92% to ₹64,166 lakh from ₹58,911 lakh than in the previous year. The company's operational efficiency as EBITDA grew by 26.54% to reach ₹7,419 lakh leading to a significant 161 basis point expansion in EBITDA margin to 11.56%. This strong operating performance was reflected in the Gross Profit, which increased by 27.39% to ₹14,851 lakh. Finally, PBT saw a 4.6% uptick to ₹4,737 lakh and PAT climbed 8.34% to end the year at ₹3,625 lakh up from ₹3,346 lakh in FY25.
During FY26, the company maintained stable improvement with total revenue reaching Rs. 67,536 lakh a performance that remained smooth compared to previous year. This result was driven by a strategic decision to reduce low-margin trading within the Rebreathe Medical Devices subsidiary, allowing for a capital shift toward higher-margin core segments in renewables and EV. This pivot significantly bolstered profitability, as gross profit jumped 39.72% to Rs. 16,245 lakh and EBITDA climbed 22.46% to Rs. 7,095 lakh. Meanwhile, PAT attributable to shareholders remained consistent, edging up 2.5% to finish the year at Rs. 3,355 lakh.
Servotech Renewable Power Systems Limited Managing Director Raman Bhatia described FY26 as a pivotal defining year, driven by a strong second-half (H2) performance growth by strategic initiatives in manufacturing, product mix optimization and cost management. The expansion of new capacities across solar inverters, EV chargers and battery solutions has positioned the company well to meet the growing demand in renewable energy and clean mobility sectors.
H2 performance proved a strong base for the company, in which the standalone revenue reached ₹411 crore, a 34% increase compared to previous year, with H2 EBITDA margin reaching 12%, the highest in the company's listed history. This reinforces the effectiveness of their strategic focus and operational execution. Entering FY27, this strongest-ever run-rate was carried which was supported by newly operational capacities that establishes a solid foundation for continued and scalable growth.
The primary focus remained on expanding core operations, a deliberate emphasis on high-margin sectors successfully boosted overall operational results. Heading into FY27, the company is supported by a stronger foundation and better visibility on growth opportunities. This results in continued commitment to innovation, execution excellence and long-term value creation for their stakeholders.