Servotech Renewable Q2 Results: Revenue Rises 57%, Net Profit Jumps Over 2,366%

Servotech Renewable Power System Ltd reported strong financial performance for the second quarter of FY27, with consolidated revenue rising 56.82 per cent year-on-year to ₹168.83 crore from ₹107.66 crore in the corresponding quarter of the previous financial year.

The company’s unaudited financial results for the quarter and half year ended September 30, 2026, were approved by its Board of Directors at a meeting held on November 3.

Consolidated gross profit increased 84.54 per cent to ₹43.60 crore, compared with ₹23.63 crore in Q2 FY26.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 216.97 per cent to ₹23.60 crore from ₹7.45 crore.

Profit before tax recorded a significant increase of 2,273.18 per cent to ₹12.56 crore, against ₹52.93 lakh in the year-ago quarter.

Consolidated profit after tax, including the share of profit of associates, jumped 2,366.21 per cent to ₹9.75 crore from ₹39.51 lakh.

The company reported strong growth in its standalone performance. Total revenue increased 54.31 per cent to ₹158.82 crore from ₹102.93 crore in Q2 FY26, while gross profit rose 61.42 per cent to ₹36.33 crore.

Standalone EBITDA rose 105.07 per cent to ₹19.98 crore, while profit before tax increased 251.23 per cent to ₹10.90 crore. Profit after tax surged 268.51 per cent to ₹8.37 crore.

Managing Director Raman Bhatia attributed the growth to expanding business opportunities, new products and stronger manufacturing capabilities. He expressed confidence in the company’s growth prospects and upcoming launches.

Servotech Renewable manufactures EV chargers, solar inverters, battery energy storage systems and lithium-ion battery packs for domestic and commercial use.

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