What was Servotech Renewable Power's revenue in Q4 FY26?

Servotech Renewable Power reported revenue of ₹217 Cr in Q4 FY26, a +8.4% change year-over-year.

Did Servotech Renewable Power management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

SERVOTECHRENEWABLEPOWERS Information Technology 15 May 2026

Servotech Renewable Power System Ltd — Q4 FY26

Q: What guidance did Servotech Renewable Power management give?

Capacity utilization target 100% by Q2 FY27: Management aims to fully utilize the newly commissioned manufacturing capacity by Q2 FY27.

Servotech reported a transformative FY26 with Q4 standalone revenue of ₹212 crore (+67% YoY) and EBITDA of ₹23.2 crore (+70% YoY), driving full-year EBITDA margin expansion to 11.6% (up 190 bps YoY).

Revenue ₹217 Cr +8.4%

EBITDA ₹74 Cr +26.5%

PAT ₹11 Cr +8.3%

EBITDA Margin 10% +190bps

Duration 45 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Servotech reported a transformative FY26 with Q4 standalone revenue of ₹212 crore (+67% YoY) and EBITDA of ₹23.2 crore (+70% YoY), driving full-year EBITDA margin expansion to 11.6% (up 190 bps YoY). The strong H2 run-rate (₹410 crore standalone revenue) reflects capacity commissioning of ₹64 crore in solar inverters, DC chargers, and battery storage. Management guided for FY27 as a year of operational consolidation, targeting positive operating cash flow, reduced leverage, and working capital normalization (receivables at 138 days). Key growth drivers include retail channel scaling (from ₹2 crore/month in FY22 to ₹25 crore/month), higher-margin DC charger mix (120-360 kW), and a healthy order pipeline from government EPC projects. Risk: Working capital strain may persist if OMC and railway receivables (₹100 crore) take longer to release than anticipated.

Risks4 trackedTranscriptfull text

Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Working capital strain from government receivables

View Risks →

≡Transcript Full text

Call Transcript

Full transcript text is available on this route.

Read Transcript →

Quarter Snapshot

Retail channel monthly run-rate ₹25 crore

+1150% vs FY22

Retail channel scaled from ₹2 crore/month in FY22 to ₹25 crore/month currently.

DC charger revenue share 15%

N/A

DC chargers contributed 15% of total revenue; AC/small chargers 27%.

Solar inverter revenue share 51%

N/A

Solar products (inverters) accounted for 51% of total revenue.

Capacity utilization ~50%

N/A

Current capacity utilization is above 50%; target 100% by Q2 FY27.

Fast read

Guidance and risk preview

Top guidance Capacity utilization target 100% by Q2 FY27

Management aims to fully utilize the newly commissioned manufacturing capacity by Q2 FY27.

Top risk Working capital strain from government receivables

Receivables increased to ₹243 crore, with ~₹100 crore stuck in OMC and railway projects, pressuring cash flow.

View Risks →