Servotech Q1 PAT up 47%, board reshuffle with one ED resigning and new appointee

Servotech Renewable Power System reported strong Q1 FY27 results. Standalone revenue rose to Rs 20,761 lacs from Rs 12,344 lacs year-on-year. Profit after tax grew to Rs 1,110 lacs from Rs 755 lacs, up around 47 percent. Consolidated PAT attributable to shareholders rose to Rs 915 lacs from Rs 524 lacs. The board also accepted the resignation of Executive Director HR Digvijay Kapoor effective July 23 for personal reasons, and appointed internal candidate Mrityunjay Jha as Executive Director Administration effective July 24, subject to shareholder approval.