| Management target | Revenue FY27 |
|---|
| Revenue growth | 66.31% YoY standalone; strong performance driven by solar and EV chargers. |
|---|---|
| Margins | EBITDA rose 62.85%; management views margins as a secondary byproduct. |
| Order book | Large order pipeline from South Central Railway and Haryana Government. |
| Demand visibility | Strong demand in BESS and EV sectors; capacity expansion required. |
| Management confidence | Extremely optimistic, potentially overconfident regarding future capacity scaling. |
Growth
Revenue grew 66.31% YoY on standalone basis, 57.69% consolidated; EBITDA increased 62.85%.
Outlook
Targeting 3x BESS capacity by FY27 and 10x capacity within two years.
Risks
Management evasive on specific production capacity figures; debt likely to increase for expansion.
Last quarter's promises, checked
Delivered
- Targeting 50% retail revenue share → delivered >50% (= BEAT)
- H2 FY26 EBITDA margin expansion → delivered 12% (= BEAT)
- BESS/Battery dispatch start Jan 2026 → delivered Jan 2026 (= BEAT)
Partly delivered
- Working capital reduction to 60-70 days → delivered 138 days (= PARTIAL)
- FY27 fixed asset utilization → delivered >60% toward 100% target (= PARTIAL)
Missed
- Consolidated revenue growth → delivered broadly flat YoY (= MISS)
Earnings Call Transcript filed with NSE, NSE: SERVOTECH. Summary written with AI assistance from the document.
Servotech Renewable Power System Ltd: key numbers
- Share price
- ₹70.91
- Market cap
- ₹1,601 Cr
- Revenue (annual)
- ₹671.6 Cr
- Net profit (annual)
- ₹33.55 Cr
- P/E (TTM)
- 42.8×Sector 45.6×
- Promoter holding
- 58.61%+0.00% QoQ
- FII holding
- 0.05%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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