Financial Overview

Standalone Q3FY26

• Total Revenue witnessed a growth of 29% in Q3 FY26 of Rs. 20,239 lacs from Rs. 18,185.68 lacs in Q3 FY25.
• EBITDA increased by 14%, standing at Rs.2702.23 lacs in Q3 FY26 from Rs.1698.05 lacs in Q3 FY25.
• Gross Profit rose by 08%, standing at Rs.5721.06 lacs in Q3 FY26, up from Rs.3403.84 lacs in Q3 FY25.
• Profit Before Tax registered a growth of 62%, amounting to Rs.1932.82 lacs in Q3 FY26, as against Rs.1309.35 lacs in Q3 FY25.
• Profit After Tax experienced a substantial rise of 80%, standing at Rs.1470.46 lacs in Q3 FY26, compared to Rs.949.92 lacs in Q3 FY25.

Consolidated Q3FY26

• Total Revenue witnessed a decline of 44% in Q3 FY26 of Rs.21,154.06 lacs from Rs.21,683.19 lacs in Q3 FY25
• EBITDA increased by 19% standing at Rs.2846.93 lacs in Q3 FY26 from Rs.1672.80 lacs in Q3 FY25
• Gross Profit rose by 8%, standing at Rs.6494.80 lacs in Q3 FY26 from Rs.3421.86 lacs in Q3 FY25.
• Profit Before Tax registered a growth of 13%, amounting to Rs.2027.98 lacs in Q3 FY26, compared to Rs.1282.52 lacs in Q3 FY25.
• Profit After Tax experienced a rise of 83%, standing at Rs.1551.50 lacs in Q3 FY26, compared to Rs.918.95 lacs in Q3 FY25.

Commenting upon the results, Raman Bhatia, Managing Director, Servotech Renewable Power System Limited said, “This quarter has marked a strong one for Servotech, where we witnessed strong sequential recovery in Q3FY26. After a challenging previous quarter, this performance represents a decisive turnaround, one that reflects our resilience, course correction, and collective determination for our stakeholders and investors who trusted us along the journey.”

“I am particularly proud of how we’ve responded to the setback and returned stronger, sharper, and more focused. The improvement in profitability was driven by better cost control, favourable product mix, and improved execution efficiency following the strategic reset undertaken in Q2 FY26. This quarter, we focused on simplifying operations and strengthening manufacturing execution, and improving cost discipline. Going forward, we remain focused on disciplined execution and operational efficiency, supported by improved manufacturing throughput, ongoing execution of institutional projects”, he further added.

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The MoU was signed by Mr. Saju Nair, CEO, Tivolt Electric Vehicles and Mr. Virendra Goyal, Head BD EV charging, TPREL, in the presence of Mr. Shivram Bikkina, Chief -Solar Rooftop & EV charging business, TPREL.

TPREL will bring its extensive experience in setting up and managing an expansive EV Charging infrastructure across the country to Tivolt dealerships, customer locations, and high-traffic public spaces. By deploying these strategically located EV Chargers, TPREL will empower commercial EV owners with reliable and highly accessible charging.

With a focus on easy charging solutions for small electric commercial vehicles, TPREL has previously partnered with other OEMs for providing 200+ customised EV Charging stations to customers in over 100 cities, including Mumbai, Delhi, Chennai, Bengaluru, Kolkata, Pune and Kochi.

Taking this initiative, a step further, TPREL will also explore the integration of solar energy systems to power Tivolt dealerships and customer locations. This innovative approach not only reduces the carbon footprint but also lowers the cost of charging for consumers, making the shift to electric vehicles more affordable and sustainable. This aligns with our broader commitment to driving India’s transition to a cleaner energy future through renewable solutions.

Commenting on the MoU, Mr. Deepesh Nanda, CEO & Managing Director, TPREL said, “Through our partnership with Tivolt, we are enhancing our EV charging network to empower the small and commercial vehicle segment—key drivers of India’s economy as they ensure seamless last-mile deliveries and efficient transportation. A robust and well-integrated EV ecosystem will accelerate the adoption of commercial EVs thereby propelling India’s energy transition and paving the way for a more sustainable future.”

Mr. Saju Nair, CEO, Tivolt Electric Vehicles said, “We are excited to partner with Tata Power. This will be a key enabler in the Electric Adoption journey and the strategic partnership will accelerate the development of EV charging infrastructure. This MoU is a significant step towards empowering the EV ecosystem for e trucks with robust, accessible charging solutions, ensuring that clean and sustainable mobility becomes a reality for our customers.”

Tivolt Electric Vehicles Private Limited, a Murugappa Group venture, will redefine urban mobility with innovative EV solutions. More than just a manufacturer, Tivolt will offer a comprehensive tech-driven ecosystem with robust charging infrastructure and a customer-first service approach. Specializing in small and light commercial vehicles, Tivolt will offer an innovative range under the Montra Electric brand, which will be known for its reliability and commitment to sustainability. As a symbol of progress, Tivolt will lead India’s EV revolution with a focus on technological advancement, innovation, and strategic partnerships, delivering practical yet sustainable mobility solutions that will redefine how India moves.

TPREL has expanded its network under the brand name of EZ Charge to over 1,00,000 home chargers, 6500+ public, semi-public, and fleet charging points, along with 1100+ bus charging stations across 530 cities and towns. These chargers have been strategically deployed at diverse and accessible locations such as highways, hotels, malls, hospitals, offices, residential complexes, etc.

TPREL and Tivolt are committed to making EV charging for commercial EV customers more convenient, affordable, and eco-friendly paving the way for a cleaner, and more sustainable India.

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As part of the agreement, Wardwizard Innovations & Mobility Limited will play a pivotal role in identifying strategic locations for setting up EV charging stations and serving as the front-end partner for key projects. The company will also ensure the provision of necessary resources, including financial support, to bolster the development of a comprehensive EV ecosystem.

Ampvolts Limited will complement this partnership by supplying state-of-the-art electric vehicle charging equipment, including chargers and associated hardware, to Wardwizard Innovations & Mobility Limited. They will also provide customized CMS software solutions to facilitate payment gateways and online monitoring systems. The company will also extend its Battery as a Service (BaaS) offerings to Wardwizard’s B2B clients, delivering innovative and comprehensive solutions to enhance business operations.

Speaking on the partnership, Mr. Yatin Gupte, Chairman and Managing Director, Wardwizard Innovations & Mobility Limited, said, “This partnership is a step forward in our mission to create a robust and sustainable EV ecosystem. ampvolts’ expertise in developing customized charging infrastructure solutions will empower us to offer our customers reliable and efficient charging options, enhancing their overall EV experience. Together with ampvolts, we are committed to accelerating the transition to green mobility by delivering integrated solutions that empower businesses and individuals to adopt electric vehicles confidently.”

Echoing similar sentiments, Mr. Vipul Chauhan- Managing Director, Ampvolts Limited, stated, “We are happy to partner with Wardwizard Innovations & Mobility Limited in this strategic collaboration, which marks a transformative step toward advancing green mobility. Wardwizard’s deep expertise in electric vehicle manufacturing and their well-established presence in the market provide us with invaluable insights and opportunities to expand our reach and impact. By leveraging our cutting-edge technologies and value propositions as well as their strong customer base and understanding of mobility needs, we can tailor our charging equipment and software solutions to deliver maximum value.”

This strategic partnership highlights a shared commitment to building a sustainable future, fostering innovation, and meeting the growing demand for eco-friendly mobility solutions.

The post Wardwizard Innovations & Mobility Limited Partners with Ampvolts Limited to Develop Advanced EV Charging Infrastructure in India and Abroad  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.