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SERVOTECHRENEWABLEPOWERS Information Technology 15 May 2026

Servotech Renewable Power System Ltd — Q4 FY26

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 1...

bullish high
Compare with...
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

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Working capital strain from government receivables

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

high · management_commentary
R

Potential equity dilution via QIP

Management indicated a QIP is under consideration, which could dilute existing shareholders.

medium · analyst_question
R

Slow ramp-up of lithium battery segment

Battery energy storage revenue is only 1% of total; OEM approvals for e-rickshaw batteries are taking time.

medium · analyst_question
R

Lack of specific revenue guidance

Management declined to provide any numerical revenue or profit guidance for FY27, citing SEBI guidelines.

low · data_observation