Q1 FY2026-27 Financial Review

Standalone

• Total Revenue grew 66.31%, standing at ₹20,811.19 lakh in Q1 FY27 from ₹12,513.59 lakh in Q1 FY26.
• Gross Profit witnessed a growth of 69.75%, standing at ₹4,510.83 lakh in Q1 FY27 from ₹2,657.37 lakh in Q1 FY26.
• EBITDA stands at ₹2,317.67 lakh in Q1 FY27, growing by 62.85% from ₹1,423.17 lakh in Q1 FY26.
• Profit before Tax grew by 48.18%, standing at ₹1,487.72 lakh in Q1 FY27 from ₹1,003.98 lakh in Q1 FY26.
• Profit after Tax stands at ₹1,110.05 lakh in Q1 FY27, witnessing a growth of 47.01% from ₹755.06 lakh in Q1 FY26.

Consolidated

• Total Revenue stood at ₹21,629.41 lakh in Q1 FY27, witnessing a growth of 69% from ₹13,716.54 lakh in Q1 FY26.
• Gross Profit increased by 75%, rising to ₹4,856.09 lakh in Q1 FY27 from ₹2,600.34 lakh in Q1 FY26.
• EBITDA surged by 35%, standing at ₹2,094.33 lakh in Q1 FY27 compared to ₹1,083.18 lakh in Q1 FY26.
• Profit before Tax grew by 58% to ₹1,061.61 lakh in Q1 FY27 from ₹657.01 lakh in Q1 FY26.
• Profit after Tax stood at ₹794.11 lakh in Q1 FY27, registering a growth of 51% over ₹455.05 lakh in Q1 FY26.

Commenting on the results, Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd., said, “The first quarter of FY27 reflects the strength of our execution capabilities and the growing market acceptance of our integrated clean energy solutions. We have delivered strong growth across revenue and profitability while continuing to invest in innovation, manufacturing expansion, and technology development. The momentum witnessed during the quarter is a result of our disciplined approach to execution and our ability to capitalize on opportunities emerging across the renewable energy, BESS, and EV charging sector.

As India accelerates its transition towards sustainable energy, we remain focused on scaling our manufacturing capabilities, advancing indigenous technology, and delivering long-term value to our customers, partners, and shareholder with a healthy order pipeline and a strong foundation for growth, we are confident of sustaining this momentum in the coming quarter.”

Under the project, Servotech has been allocated 12 locations of 75 kW each with a total allocated capacity of 900 kW. Under the scope of the project, Servotech Renewable will be responsible for the design, supply, installation, commissioning, and Maintenance of Hybrid solar systems with BESS across the locations. The hybrid solar systems, integrated with battery energy storage, are designed to provide reliable and uninterrupted clean energy while reducing dependence on conventional power sources.

The project aligns with the state’s continued focus on decentralised renewable energy adoption and is expected to strengthen energy access across rural communities by promoting sustainable and resilient power infrastructure.

Commenting on the development, Sarika Bhatia, Whole-Time Director, Servotech Renewable Power System Ltd., said, “We are excited to work with the UPSRLM on this initiative. Reliable access to clean energy has the potential to transform rural communities, and we are proud to contribute to that vision through our hybrid solar solutions. This project reflects our commitment to delivering sustainable energy infrastructure that empowers communities while supporting state’s transition towards renewable energy excellence and accelerating the adoption of solar power across the country.”

The certification has been awarded under the Bureau of Energy Efficiency’s EV Charger Star Labelling Programme. Servotech’s ST-EVDC60KW and ST-EVDC120KW EV Charger models, achieved a weighted average energy efficiency of 97%, placing them in the highest rating category under the programme. These cutting-edge chargers set a new gold standard for power conservation and operational reliability across the electric vehicle ecosystem.

The achievement reinforces Servotech’s commitment to developing high-efficiency EV charging solutions that help reduce energy losses, improve charging performance, and lower operating costs for charge point operators, fleet owners, and infrastructure developers. The certification further strengthens Servotech’s competitive position across government, PSU, OMC, commercial, and fleet charging deployments where energy efficiency and lifecycle operating costs are increasingly becoming key procurement considerations.

Commenting on the development, Raman Bhatia, Managing Director, Servotech Renewable Power Systems Ltd. said, “We are delighted to secure the BEE 5-Star Rating for our 60 kW and 120 kW DC Fast Chargers. This is a monumental validation of our engineering excellence as we scale the nation’s EV charging infrastructure and critically prioritize energy efficiency.  For the past years, we have focused most of our investments on new product development, quality enhancement, and automation, indigenising components and expanding production capacities. This recognition reinforces our mission to deliver world-class, sustainable, and highly efficient charging solutions that power India’s green mobility transition responsibly.”

Pursuant to this transaction, Servotech’s shareholding in the subsidiary will be reduced from 100% to 51% on a fully diluted basis, effective upon completion of all statutory and contractual formalities.

Hertz & Pixelz is widely recognized for merging precision with creativity to deliver breathtaking large-scale spectacles. With state-of-the-art audio, lighting, high-res LEDs, and video solutions, the company has consistently set benchmarks in immersive experiences, powering iconic events such as the G20 Summit, Ed Sheeran’s concert in India, large-scale exhibitions, mega concerts, and official government events across India. Its extensive in-house inventory, featuring premium audio systems, dynamic lighting rigs, high-resolution LED displays, and high-lumen projectors, enables the execution of unforgettable events.

Servotech already maintains a strong foothold in sports and event management through its subsidiary, overseeing multiple large-scale events each year. These initiatives involve recurring investments in infrastructure, rentals, and management services. The acquisition of Hertz & Pixelz strategically strengthens this vertical by adding established assets, deep expertise in corporate and political event management, and a robust rental business for premium event equipments.

This acquisition marks the beginning of extraordinary entertainment experiences, while strengthening Servotech’s strategic diversification into a high-growth industry. With this acquisition, the company is poised not only to expand its footprint in the entertainment domain but also to redefine how audiences experience live events.

Raman Bhatia, Founder and Managing Director of Servotech Renewable Power Systems Ltd., commented on the acquisition and said, “We have always believed in pushing boundaries and building ecosystems that inspire progress. The acquisition of Hertz & Pixelz reflects our commitment to entering new avenues that thrive on creativity and precision. With their proven expertise and legacy of delivering iconic events, we are confident this association will allow us to deliver extraordinary entertainment experiences and set new benchmarks in the industry.”