Servotech Renewable Power System Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 15 Jul 2026 | Electrical Equipment | Market Cap: ₹1.9K Cr
Servotech expects around 40-50% growth in revenue in the next year through focused execution and expanding business segments. Servotech aims for strong and sustained growth, targeting a significant scale-up from a 500 crore company to 2,500 crore (Page 18).
From Servotech Renewable Power System Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹82.4
Market Cap
₹1.9K Cr
P/E Ratio
49.9
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Servotech Renewable Power System Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹210 Cr, net profit ₹12 Cr.
Full financials →📊 Revenue & Sales Performance
- →Servotech expects around 40-50% growth in revenue in the next year through focused execution and expanding business segments.
- →Lithium battery production target is 5,000 batteries/month initially, aiming to scale up to 25,000 batteries/month within a year.
- →Solar business, especially via Rhine subsidiary investment, plans to grow solar panel/module revenue from 160 crores to about 700 crores in the coming year.
- →EV charger segment revenue currently under 10%, with plans to increase via bus and logistics transport markets and growing retailer/distributor network from 4,000 to 10,000.
- →Capacity utilization and manufacturing flexibility enable quick scaling if demand surges, with plans to boost inverter production to 25,000 units/month soon.
- →International markets, including Dubai subsidiary as a global hub, expected to provide additional growth but currently not included in revenue projections.
- →Overall vision targets continuous growth over the next 5 years and beyond, aiming for substantial company expansion and market leadership.
📈 Profitability & Margins
- →Servotech aims for strong and sustained growth, targeting a significant scale-up from a 500 crore company to 2,500 crore (Page 18).
- →The company is focused on disciplined execution, operational efficiency, and margin-led growth (Page 3).
- →Revenue growth is expected to be around 40-50% in the next year, driven by solar, lithium battery, and export businesses (Page 10).
- →There is an emphasis on consistent and predictable growth rather than short-term acceleration (Page 3).
- →Battery capacity expansion aims to reach 2 lakh units, requiring capex between 50-100 crores over 5 years (Page 15).
- →Profitability could face minor impacts from fluctuating raw material prices (silver, copper), but cost control and product mix improvements will aid margins (Pages 4, 13, 18).
- →Servotech targets continuing the growth trajectory of the last 5 years for at least the next 5 years and beyond (Page 12).
🏗️ Capital Expenditure Plans
- →A planned capex of about INR 50 to 100 crores is underway for battery capacity expansion, aiming to increase production up to 25,000 batteries. This is part of a 5-year plan. (Page 15)
- →Investment in Rhine solar PV modules has grown from INR 80 crore to 160 crore last year, with a target to reach INR 700 crore next year; Servotech expects to hold 70-80% share in this. (Page 10)
- →The Dubai subsidiary aims to serve as a global procurement hub to lower purchasing costs and expand internationally, with plans taking 1-2 years to mature. (Page 8)
- →Strategic focus on enhancing manufacturing capacity, including increasing inverter production capacity from 10,000 to 25,000 units per month within 3 months. (Page 6)
- →The company is working on partnerships and strategic alliances, with announcements expected upon finalization. (Page 12)
- →Capex for working capital is implied necessary for contract fulfilment with Revelway related to solar but specifics were not disclosed. (Page 18)
💰 Fundraising & Capital Structure
- →Raman Bhatia mentioned a planned capex investment of about ₹50-100 crores for expanding battery production capacity to 25,000 units.
- →On the possibility of equity fundraising, he stated that they could not provide an answer as of now, citing that the union budget had not yet been rolled out and that clarity would come in about a month.
- →No definitive announcement of new debt or equity fundraising was made during the discussion.
- →The company is currently focusing on internal approvals and awaiting future budget clarity before deciding on equity issuance.
📋 Order Book & Pipeline
- →The transcript does not explicitly mention the current or expected order book or pending orders by specific numbers.
- →However, Raman Bhatia discusses ongoing operations and growth plans in solar modules, battery energy storage, and EV chargers.
- →The company is focusing on manufacturing around 10,000 inverters per month, targeting 25,000 per month in the next 3 months, indicating expected order growth.
- →They are working across retail channels, distribution, government projects, roof-top solar, railways, and end-user segments.
- →EV charging revenue currently forms less than 10% of total revenue but is expected to grow, with new products launching start expected from March onwards.
- →Expansion efforts include backing initiatives and capacity increases in grid-tied and hybrid inverters and energy storage systems.
- →UAE subsidiary aims to serve as a global procurement hub and international expansion base.
- →Overall, the company signals a strong pipeline and growth-oriented order flow but no precise order book figures are disclosed.
Key Metrics
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What Servotech Renew's management said in earlier quarters
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Frequently Asked Questions
What were Servotech Renewable Power System Ltd Q3 FY26 results?
Servotech expects around 40-50% growth in revenue in the next year through focused execution and expanding business segments. Servotech aims for strong and sustained growth, targeting a significant scale-up from a 500 crore company to 2,500 crore (Page 18).
What is Servotech Renewable Power System Ltd share price analysis?
Servotech Renewable Power System Ltd currently shows a neutral. The stock trades at a P/E of 49.9 with a market cap of ₹1,870 Cr. Investors should review the full earnings analysis for detailed insights.
Is Servotech Renewable Power System Ltd planning capital expenditure?
A planned capex of about INR 50 to 100 crores is underway for battery capacity expansion, aiming to increase production up to 25,000 batteries.
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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.