Servotech Renew Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Electrical Equipment | Market Cap: ₹1.9K Cr

Strong growth momentum expected, building on a 66.31% standalone revenue increase in Q1 FY27 to ₹208.10 crore from ₹125.14 crore in Q1 FY26. Servotech aims to continue improving year-on-year revenue growth, building on a strong Q1 FY27 performance with a 66.31% increase in standalone total revenue and significant EBITDA growth.

From Servotech Renew's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Price

82

Market Cap

₹1.9K Cr

P/E Ratio

49.7

Revenue Rank

Rank 1

Margin Rank

Rank 3

How does Servotech Renew rank in Electrical Equipment?

Compare Servotech Renew against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 1Margin: Rank 3
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Servotech Renew — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹210 Cr, net profit ₹12 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 1
  • Strong growth momentum expected, building on a 66.31% standalone revenue increase in Q1 FY27 to ₹208.10 crore from ₹125.14 crore in Q1 FY26.
  • Capacity expansion underway, including a new plant in Haryana and plans to increase battery energy storage system (BESS) production capacity 2x in 6 months, 3x by March 2027, and 10x in 2 years.
  • Order execution largely from previous quarters; new orders expected to contribute significantly in coming quarters.
  • Focus on expanding channel distribution across South, North, and Northeast India to boost market penetration and sales.
  • Emphasis on disciplined, sustainable long-term growth with investments in manufacturing, new product lines, and operational excellence.
  • Expectation of continued revenue growth driven by increasing demand in solar, BESS, and EV charging infrastructure segments.
  • Margins expected to improve organically with business growth and operational efficiency.

📈 Profitability & Margins

Rank 3
  • Servotech aims to continue improving year-on-year revenue growth, building on a strong Q1 FY27 performance with a 66.31% increase in standalone total revenue and significant EBITDA growth.
  • Focus on expanding manufacturing capacity, especially in battery energy storage systems (BESS), with plans to double capacity in 6 months, triple by March 2027, and 10X in two years.
  • Margin improvement is expected as a by-product of delivering customer needs and expanding distribution channels.
  • The company prioritizes disciplined growth, operational excellence, and long-term sustainable value creation rather than short-term margin targets.
  • Order book is strong but shifting towards smaller-sized government projects executed through an expanding network of channel partners.
  • Despite current challenges, management is optimistic about maintaining momentum due to market demand, capacity expansion, and stronger operational efficiency.
  • Overall, earnings, operating profits, and EPS are expected to grow steadily in line with capacity increases and market opportunities over the next 2-3 years.

🏗️ Capital Expenditure Plans

Yes
- Servotech is working on expanding battery energy storage system (BESS) capacity, which is expected to significantly improve EBITDA due to high capital consumption focused on large plants (Page 29, 10). - Current capital consumption is substantial but returns are good; investments declared are not expected to exceed the current plan (Page 29). - They plan to double battery production capacity within 6 months, triple it by March 21, 2027, and achieve a 10X increase in capacity within 2 years (Page 10). - A new plant is being set up following an MoU with the Haryana government, aimed at increasing production to meet unmet demand (Page 8). - Future strategic investments focus on manufacturing excellence, innovation, and expanding distribution channels to support long-term growth (Pages 17, 5). Overall, Servotech is committed to disciplined, phased capacity expansion supported by targeted capital investments over the next 2-3 years.

💰 Fundraising & Capital Structure

Yes
  • The company plans to increase its debt to support growth rather than raise equity.
  • As the company grows, more funds will be channeled into it, leading to an increase in debt.
  • There is no current indication of equity fundraising; the focus is on maintaining a balanced debt-equity ratio.
  • The management intends to manage debt within a reasonable range and increase profits and network to maintain this ratio.
  • No explicit timeline or amount for future debt fundraising is provided.

📋 Order Book & Pipeline

No information
  • The order book scenario has changed significantly; confirmed government orders and project sizes are shrinking gradually. (Page 22)
  • The business model now focuses on channel partnerships rather than relying on large, confirmed order books on paper. (Page 22)
  • Due to this, a large order book does not appear on paper. Instead, a strong pipeline is prepared via production, marketing, and sales efforts. (Page 22)
  • The pipeline is strong, with a very low likelihood of significant order cancellations. (Page 22)
  • Current production is not able to meet the volume of orders, necessitating capacity expansion. (Page 22)
  • The company expects to reach its standard targets for the current year based on this pipeline. (Page 22)
  • No exact quantitative order book figure is publicly disclosed as it is sensitive information. (Page 16)

Key Metrics

Revenue

Rank 1

Margin

Rank 3

Capex

Yes

Fundraise

Yes

Order Book

No information

Frequently Asked Questions

What were Servotech Renew Q1 FY27 results?

Strong growth momentum expected, building on a 66.31% standalone revenue increase in Q1 FY27 to ₹208.10 crore from ₹125.14 crore in Q1 FY26. Servotech aims to continue improving year-on-year revenue growth, building on a strong Q1 FY27 performance with a 66.31% increase in standalone total revenue and significant EBITDA growth.

What is Servotech Renew share price analysis?

Servotech Renew currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 49.7 with a market cap of ₹1,862 Cr. Investors should review the full earnings analysis for detailed insights.

Is Servotech Renew planning capital expenditure?

Servotech is working on expanding battery energy storage system (BESS) capacity, which is expected to significantly improve EBITDA due to high capital consumption focused on large plants (Page 29, 10).

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

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