Synopsis:
Servotech Renewable Power Systems Limited, a leading player in the renewable energy and clean technology space, has bagged a prestigious order from the Jaipur Division of North Western Railway for the installation of an on-grid rooftop solar power plant.
This company which manufactures EV chargers, Solar products, and Power & backup products, has been awarded a contract worth Rs. 28.84 crore for the supply, installation, testing, and commissioning.
With market capitalization of Rs. 2,947 cr, the shares of Servotech Renewable Power System Ltd are currently trading at Rs. 129.75 apiece, increasing more than 7% in today’s market session, making a high of Rs. 133.90 from its previous close of Rs. 124.62 apiece.
Fresh order
Servotech Renewable Power Systems Limited has secured a prestigious order worth Rs. 28.84 crore from the Jaipur Division of North Western Railway for the supply, installation, testing, and commissioning of a 7.3 MW on-grid rooftop solar power plant. The project, which is to be executed within six months of the Letter of Acceptance (LOA), falls under general contract conditions and has been awarded by a domestic entity.
This significant win marks a strategic step for Servotech in expanding its renewable energy portfolio, reinforcing its execution capabilities in large-scale EPC projects, and supporting the Indian Railways’ commitment to sustainability and clean energy adoption.
About the company
Servotech Renewable Power Systems Ltd is a leading player in the renewable energy sector, specializing in solar power solutions, EV charging infrastructure, and energy-efficient systems. The company designs, manufactures, and deploys solar panels, rooftop power plants, and charging stations, contributing to India’s clean energy transition and sustainable growth.
On a year-on-year basis, the company delivered strong growth with sales rising 22% to Rs. 137 crore compared to Rs. 112 crore in Q1FY25. EBIDT increased 26% to Rs. 10.4 crore from Rs. 8.29 crore, while net profit grew 17% to Rs. 4.55 crore against Rs. 4.49 crore last year. EPS also improved by 15%, moving up to Rs. 0.23 from Rs. 0.20, reflecting steady profitability expansion.
On a quarter-on-quarter basis, the performance showed a slight moderation. Sales dipped from Rs. 146 crore in Q4FY25 to Rs. 137 crore in Q1FY26, while EBIDT declined from Rs. 12.2 crore to Rs. 10.4 crore. Net profit also dropped to Rs. 4.55 crore from Rs. 7.72 crore in the previous quarter, and EPS slipped from Rs. 0.35 to Rs. 0.23.
Written by Manideep Appana
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