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Servotech FY26 Net Profit Rises to ₹36.26 Cr; Q4 Revenue Surges 66% YoY
Servotech Renewable Power System reported a standalone net profit of ₹36.26 crore for FY26, up from ₹33.47 crore in the previous fiscal year. Revenue from operations for the full year reached ₹636.73 crore, reflecting steady annual growth. The fourth quarter was particularly strong, with revenue jumping 66% YoY to ₹209.64 crore. Additionally, the board has recommended a final dividend of 2% (₹0.02 per share) for the financial year 2025-2026.
Key Highlights
FY26 Standalone Revenue from Operations increased to ₹636.73 crore vs ₹567.30 crore in FY25.
Q4 FY26 Standalone Net Profit grew to ₹11.73 crore compared to ₹7.85 crore in Q4 FY25.
Board recommended a final dividend of ₹0.02 per equity share of face value ₹1.
Total Standalone Assets expanded significantly to ₹621.58 crore from ₹376.47 crore YoY.
Auditors issued an unmodified opinion on both standalone and consolidated financial results.
💼 Action for Investors
The significant surge in Q4 revenue suggests strong momentum in the company's renewable power solutions. Investors should monitor if this quarterly growth rate is sustainable and watch for improvements in net profit margins in the coming quarters.
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Servotech Appoints Prem Prakash as COO to Lead Global Scaling and Operations
Servotech Renewable Power System Ltd. has appointed Prem Prakash as Chief Operating Officer, effective April 1, 2026. Prakash brings over 25 years of leadership experience from sectors including EV infrastructure, green technology, and FMCG. He has previously held key roles at organizations such as Dish TV and Nerolac Paints, specializing in business transformation and operational excellence. This strategic appointment aims to strengthen the company's execution capabilities as it expands its presence in the global renewable energy and EV charging markets.
Key Highlights
Prem Prakash appointed as COO effective April 01, 2026, to lead operational strategy
Over 25 years of experience across EV infrastructure, green tech, and consumer durables
Educational background from premier institutions like FMS and NLSIU Bangalore
Previous leadership stints at Dish TV, Nerolac Paints, and Bharatmatrimony
💼 Action for Investors
The appointment of an experienced professional to the C-suite is a positive signal for the company's scaling ambitions. Investors should monitor if this leads to improved execution and faster deployment of EV charging infrastructure.
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Servotech Elevates Vipin Kaushik to CFO Role Effective April 1, 2026
Servotech Renewable Power System Ltd. has announced the promotion of Vipin Kaushik to Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective April 1, 2026. Kaushik, who previously served as the company's Financial Controller, brings over 20 years of experience in corporate finance and strategy from organizations like ICICI Bank and Delhivery. This internal elevation is designed to ensure continuity in financial discipline as the company pursues global expansion in the EV charging and renewable energy sectors. The appointment follows formal approval from the Board of Directors and relevant committees.
Key Highlights
Vipin Kaushik appointed as CFO and KMP effective April 1, 2026
Brings over 20 years of experience in finance, taxation, and compliance
Previous leadership experience at ICICI Bank, Delhivery Ltd., and V2 Retail Ltd.
Strategic focus on capital allocation and operational efficiency for global growth
💼 Action for Investors
Investors should view this as a stable internal transition; monitor future quarterly results to see if the new leadership improves capital efficiency or financial reporting transparency.
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Servotech Announces Leadership Transition: New CFO and COO Appointed Effective April 2026
Servotech Renewable Power System Limited has announced a comprehensive leadership transition effective April 1, 2026. Mr. Vipin Kaushik, a Chartered Accountant with over 20 years of experience, will succeed Mr. Vikas Bhatia as the Chief Financial Officer. Additionally, Mr. Prem Prakash, who brings 25 years of leadership experience in EV infrastructure and business strategy, has been appointed as the new Chief Operating Officer. The company also appointed a new Internal Auditor with immediate effect to strengthen its risk control and governance frameworks.
Key Highlights
Mr. Vipin Kaushik (20+ years experience) appointed as CFO effective April 1, 2026.
Mr. Prem Prakash (25+ years experience) appointed as COO effective April 1, 2026.
Outgoing CFO Mr. Vikas Bhatia will transition to a new internal role within the company.
Mr. Abhishek Khandelwal appointed as Internal Auditor with immediate effect, bringing 8+ years of audit experience.
Former COO Mr. Anil Kumar Yadav re-designated as Head - EPC Planning & Engineering to focus on technical execution.
💼 Action for Investors
Investors should view this as a planned leadership succession aimed at scaling operations in the EV and renewable sectors. Monitor the company's operational efficiency under the new COO and the financial strategy under the new CFO in the coming quarters.
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Servotech Announces Major Leadership Transition: New CFO, COO, and Internal Auditor Appointed
Servotech Renewable Power System Limited has announced a comprehensive leadership reshuffle effective from late March and early April 2026. Mr. Vipin Kaushik, a Chartered Accountant with over 20 years of experience, will succeed Mr. Vikas Bhatia as CFO, while the latter transitions to a new internal role. The company also appointed Mr. Prem Prakash, who brings 25 years of cross-sector leadership experience, as the new Chief Operating Officer. Additionally, Mr. Abhishek Khandelwal has been appointed as Internal Auditor to enhance risk control and operational efficiency.
Key Highlights
Mr. Vipin Kaushik (CA with 20+ years experience) appointed as CFO effective April 1, 2026
Mr. Prem Prakash (25+ years experience) appointed as COO effective April 1, 2026
Mr. Vikas Bhatia to relinquish CFO post on March 31, 2026, to transition into a new internal role
Mr. Abhishek Khandelwal (CA with 8+ years experience) appointed as Internal Auditor with immediate effect
Former COO Mr. Anil Kumar Yadav re-designated as Head - EPC Planning & Engineering
💼 Action for Investors
Investors should view this as a planned leadership transition rather than a sudden exit; monitor if the new C-suite can accelerate the company's expansion in the EV charging and renewable energy sectors.
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Servotech Announces Leadership Shuffle; Vipin Kaushik Appointed as New CFO
Servotech Renewable Power System Limited has announced a significant restructuring of its top management effective April 1, 2026. Mr. Vipin Kaushik, a Chartered Accountant with over 20 years of experience, will take over as the Chief Financial Officer from Mr. Vikas Bhatia, who is transitioning to a new internal role. Additionally, the company has appointed Mr. Prem Prakash, who brings 25 years of cross-sector experience, as the new Chief Operating Officer. These changes, along with the appointment of a new Internal Auditor, indicate a strategic move to strengthen corporate governance and operational leadership.
Key Highlights
Mr. Vipin Kaushik appointed as CFO effective April 1, 2026, bringing 20+ years of experience in finance, accounts, and taxation.
Mr. Prem Prakash appointed as COO effective April 1, 2026, with over 25 years of leadership experience across EV infrastructure and FMCG sectors.
Mr. Vikas Bhatia to relinquish CFO position on March 31, 2026, to transition into a new role within the company.
Mr. Abhishek Khandelwal appointed as Internal Auditor with immediate effect, possessing 8+ years of experience in risk control.
Former COO Mr. Anil Kumar Yadav re-designated as Head - EPC Planning & Engineering to focus on technical execution.
💼 Action for Investors
Investors should view these appointments as a move to professionalize management; however, they should monitor if this leadership transition impacts the execution of current EV charging projects.
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Servotech Announces Major Leadership Shuffle: New CFO and COO Appointed
Servotech Renewable Power System Limited has announced a significant restructuring of its senior leadership team effective April 1, 2026. Mr. Vipin Kaushik, a Chartered Accountant with over 20 years of experience, will take over as Chief Financial Officer from Mr. Vikas Bhatia, who is transitioning to a new internal role. Additionally, Mr. Prem Prakash, who brings 25+ years of leadership experience across EV infrastructure and business strategy, has been appointed as the new Chief Operating Officer. The company also appointed a new Internal Auditor and re-designated the former COO to lead EPC Planning & Engineering.
Key Highlights
Mr. Vipin Kaushik appointed as CFO effective April 1, 2026, bringing 20+ years of experience in finance and taxation.
Mr. Prem Prakash appointed as COO effective April 1, 2026, with 25+ years of experience in sectors including EV infrastructure and green mobility.
Mr. Vikas Bhatia relinquishes CFO position on March 31, 2026, to transition into a new role within the organization.
Mr. Abhishek Khandelwal appointed as Internal Auditor with immediate effect to strengthen risk control and compliance.
Former COO Mr. Anil Kumar Yadav re-designated as Head - EPC Planning & Engineering to focus on technical execution.
💼 Action for Investors
Investors should monitor how the new leadership team executes the company's expansion in the EV charging and renewable energy sectors. The transition appears to be a planned leadership development move rather than an abrupt exit.
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Servotech Announces Leadership Reshuffle; Appoints New CFO and COO Effective April 2026
Servotech Renewable Power System Limited has restructured its senior leadership team, appointing Mr. Vipin Kaushik as the new CFO and Mr. Prem Prakash as the new COO, effective April 1, 2026. Mr. Kaushik brings over 20 years of financial expertise, while Mr. Prakash has 25 years of experience in sectors including EV infrastructure and green mobility. The outgoing CFO, Mr. Vikas Bhatia, is transitioning to a new internal role, and the former COO, Mr. Anil Kumar Yadav, will now lead EPC Planning & Engineering. Additionally, an Internal Auditor has been appointed to enhance risk management and compliance.
Key Highlights
Mr. Vipin Kaushik (20+ years experience) to succeed Mr. Vikas Bhatia as CFO on April 1, 2026.
Mr. Prem Prakash (25+ years experience) appointed as COO to drive EV infrastructure and business strategy.
Mr. Abhishek Khandelwal (8+ years experience) appointed as Internal Auditor with immediate effect.
Former COO Mr. Anil Kumar Yadav re-designated as Head of EPC Planning & Engineering to focus on technical execution.
💼 Action for Investors
Investors should monitor how the new COO's extensive experience in EV infrastructure impacts the company's project execution and growth in the green mobility sector. The planned nature of these transitions suggests a stable leadership development process rather than a sudden management crisis.
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Servotech Shareholders Approve Independent Director Appointments with Over 99% Majority
Servotech Renewable Power System Limited has successfully passed two special resolutions via postal ballot as of March 6, 2026. Shareholders approved the regularization of Dr. Prabhat Kumar and the re-appointment of Mr. Meenakshisundaram Kolandaivel as Non-Executive Independent Directors. Both resolutions received overwhelming support, with approval ratings of 99.99% and 99.87% respectively. The voting saw a total turnout representing approximately 67.08% of the eligible voting power.
Key Highlights
Regularization of Dr. Prabhat Kumar as Independent Director approved with 15,14,97,221 votes (99.99% assent).
Re-appointment of Mr. Meenakshisundaram Kolandaivel approved with 15,13,11,877 votes (99.87% assent).
Total voter turnout represented 67.08% of the total shares held by the participating categories.
The voting process was conducted via remote e-voting between February 5 and March 6, 2026.
Promoter group showed 100% consensus in favor of both management resolutions.
💼 Action for Investors
Investors should take confidence in the strong shareholder consensus and stable board governance. No immediate portfolio changes are required as these are routine management appointments.
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Servotech Terminates ₹73.70 Crore Solar Project Order from NREDCAP
Servotech Renewable Power System Limited has announced the termination of a solar project order valued at ₹73.70 Crore from NREDCAP. The project, originally awarded in November 2025, involved grid-connected rooftop solar installations in Andhra Pradesh. The termination resulted from a revision of payment and commercial terms by the client which the company found unfeasible. Servotech confirmed that no revenue was recognized from this order and the bank guarantee has been withdrawn, ensuring no material impact on its financial position.
Key Highlights
Termination of ₹73.70 Crore order for rooftop solar projects in Kavali Division
Order was originally awarded by NREDCAP in November 2025
Decision driven by unfavorable revisions to payment and commercial terms post-LOA
Bank guarantee successfully withdrawn with no financial obligations remaining
No revenue was recognized, resulting in no material impact on current financials
💼 Action for Investors
Investors should monitor the company's ability to replace this ₹73.70 Crore order to maintain its growth momentum. While there is no immediate financial loss, the termination reflects potential execution risks in government-linked contracts.
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Servotech Q3 FY26: Consolidated PAT at ₹15.5 Cr, Revenue Rebounds to ₹212 Cr
Servotech reported a strong sequential recovery in Q3 FY26 with consolidated revenue reaching ₹212 crore and a PAT of ₹15.5 crore. The growth was primarily driven by the solar segment, while the EV charging segment contributed less than 10% due to industry-wide infrastructure-related delays. Management highlighted a significant expansion in inverter manufacturing capacity, aiming for 25,000 units per month. The company is also launching its in-house lithium battery dispatches in March 2026, targeting an additional ₹100 crore in revenue impact.
Key Highlights
Consolidated revenue stood at ₹212 crore with an EBITDA of ₹28.5 crore and PAT of ₹15.5 crore.
Solar segment remains the primary revenue driver, with EV charging contributing less than 10% this quarter.
Targeting a 150% increase in inverter manufacturing capacity from 10,000 to 25,000 units per month within 3 months.
Lithium battery plant established with dispatches starting March 2026, aiming for 60,000 battery packs annually.
Established a UAE subsidiary to serve as a global procurement hub and international expansion gateway.
💼 Action for Investors
Investors should monitor the successful ramp-up of the lithium battery segment and the execution of the expanded inverter capacity. The company's shift toward backward integration and global procurement via the UAE hub could improve long-term margins.
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Servotech Q3 FY26: Consolidated PAT Surges 3825% QoQ to ₹15.5 Cr; Revenue Up 96.5%
Servotech Renewable Power System reported a massive sequential recovery in Q3 FY26, with consolidated revenue growing 96.5% to ₹211.5 crore. Net profit (PAT) saw an extraordinary jump of 3824.9% QoQ, reaching ₹15.5 crore compared to just ₹0.4 crore in the previous quarter. The company secured major solar projects worth over ₹90 crore from NREDCAP and REMCL during the quarter. Additionally, Servotech expanded its portfolio into the E-3W lithium-ion battery market and secured a key patent for EV charging conversion technology.
Key Highlights
Consolidated Revenue doubled QoQ to ₹211.54 crore, driven by strong execution in solar and EV segments.
Consolidated PAT skyrocketed by 3824.9% QoQ to ₹15.52 crore, reflecting a sharp turnaround from Q2 setbacks.
Bagged high-value orders including a ₹73.70 crore rooftop solar project from NREDCAP and ₹16.31 crore from REMCL.
Secured a patent for CCS2 to GB/T EV Charging Conversion Technology, enhancing its competitive edge in the EV ecosystem.
Diversified into the E-3W market with the launch of specialized lithium-ion batteries and chargers.
💼 Action for Investors
Investors should view this as a strong recovery play following a weak Q2, supported by a robust order book and government tailwinds like PM Surya Ghar. Monitor the execution of the new E-3W battery segment and the impact of the new patent on market share.
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Servotech Q3FY26 Results: Consolidated PAT Surges 3824% QoQ to ₹15.51 Crore
Servotech reported a massive sequential recovery in Q3FY26 following a weak Q2 performance. Consolidated revenue nearly doubled to ₹211.54 crore, while PAT skyrocketed by over 3800% to ₹15.51 crore compared to the previous quarter. The company attributed this growth to improved execution efficiency and manufacturing throughput in the EV charging and solar segments. Management expects this operational momentum to persist into the final quarter of the fiscal year.
Key Highlights
Consolidated Revenue grew 96.50% QoQ to ₹21,154.06 lacs from ₹10,765.69 lacs
Consolidated PAT saw a massive jump of 3824.87% QoQ, reaching ₹1,551.50 lacs
Consolidated EBITDA increased by 282.31% QoQ to ₹2,846.93 lacs
Standalone PAT rose 547.15% QoQ to ₹1,470.46 lacs
Management highlights a strong recovery from Q2 policy-led disruptions and execution delays
💼 Action for Investors
Investors should note the strong sequential turnaround and high growth in the EV charging space; monitor if this margin discipline is sustainable in the upcoming quarters.
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Servotech Q3 FY26 Results: Consolidated PAT Surges 68.8% YoY to ₹15.5 Crore
Servotech reported a strong bottom-line performance for Q3 FY26, with consolidated Profit After Tax (PAT) rising 68.83% YoY to ₹1,551.50 lacs. Despite a marginal 2.44% dip in consolidated revenue to ₹21,154.06 lacs, the company achieved significant margin expansion, with consolidated EBITDA growing 70.19% to ₹2,846.93 lacs. Standalone revenue grew by 11.29%, indicating strong performance in the core business. The management highlighted a decisive turnaround from a challenging previous quarter, driven by solar and EV charging verticals.
Key Highlights
Consolidated PAT jumped 68.83% YoY to ₹15.52 crore from ₹9.19 crore in the previous year.
Consolidated EBITDA increased by 70.19% YoY to ₹28.47 crore, reflecting significantly improved operational efficiency.
Standalone revenue grew 11.29% YoY to ₹202.39 crore, while consolidated revenue saw a slight decline of 2.44%.
Consolidated Gross Profit rose by 89.8% YoY to ₹64.95 crore, indicating better product mix and cost management.
Standalone Profit After Tax witnessed a substantial rise of 54.80% YoY, reaching ₹14.70 crore.
💼 Action for Investors
Investors should monitor the sustainability of these high margins as the company scales its EV charging and solar manufacturing. The strong profit growth despite flat consolidated revenue suggests a successful shift toward higher-margin products.
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Servotech Enters E-3W Market with SULTAN Li-ion Batteries and Zest Chargers
Servotech Renewable Power System has announced its strategic entry into the electric three-wheeler (E-3W) segment, a fast-growing category in India's EV ecosystem. The company launched the 'SULTAN' lithium-ion battery range, featuring 51.2V/105Ah and 64V/105Ah models using LFP chemistry. Additionally, they introduced 'Zest', a specialized charger for E-3Ws, and 'Voltie', a 2 kW on-grid solar inverter. This move leverages Servotech's existing expertise in EV charging and power electronics to capture the micro-mobility market.
Key Highlights
Launched SULTAN Li-ion batteries in two variants: 51.2V/105Ah and 64V/105Ah for E-Rickshaws and E-Autos
Introduced Zest, a purpose-built charger designed to reduce charging time and enhance battery protection for E-3Ws
Expanded solar portfolio with the launch of Voltie, a 2 kW on-grid solar inverter for residential use
Strategic move into the micro-mobility sector to capitalize on rising last-mile delivery and urban transport needs
💼 Action for Investors
Investors should monitor the adoption rates of these new products and their impact on the company's revenue growth in the upcoming quarters. The expansion into the E-3W battery and charger market provides a new growth lever alongside their established EV charging business.
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Servotech Launches New Lithium-ion Battery, Charger, and Solar Inverter for Global Markets
Servotech Renewable Power System Limited has announced the launch of three new products: the SULTAN lithium-ion battery, the ZEST battery charger, and the VOLTIE on-grid solar inverter. These products are aimed at both domestic and international markets, specifically targeting the SAARC and Middle East regions. The launch, effective January 5, 2026, strengthens the company's position in the renewable energy and EV infrastructure sectors. This expansion reflects the company's strategy to capture growing demand for energy storage and solar solutions globally.
Key Highlights
Launched three distinct products: SULTAN (Lithium-ion battery), ZEST (Battery charger), and VOLTIE (On-grid solar inverter)
Targeting international expansion across SAARC countries and the Middle East in addition to the domestic market
Product launch effective as of January 5, 2026, under SEBI Regulation 30
Strategic focus on high-growth sectors including energy storage and solar power infrastructure
💼 Action for Investors
Investors should monitor the revenue contribution from these new product lines in future quarterly results and track the company's execution in the Middle East and SAARC markets. The expansion into lithium-ion batteries and solar inverters aligns well with global energy transition trends.