Servotech Renewable Power System Limited has informed the Exchange that Board of Directors at its meeting held on April 30, 2026, recommended Final Dividend of Rs. 0.02 per equity share.
SERVOTECH · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Servotech Renewable Power System Limited reported standalone revenue of Rs 6,367 lakhs for FY26, up 12.2% from Rs 5,673 lakhs in FY25. Standalone profit after tax grew 8.4% to Rs 363 lakhs from Rs 335 lakhs. However, consolidated PAT declined 3% to Rs 317 lakhs from Rs 326 lakhs, with consolidated revenue nearly flat at Rs 6,716 lakhs vs Rs 6,744 lakhs. The Board recommended a final dividend of Rs 0.02 per share (2% on Rs 1 face value), subject to shareholder approval. The statutory auditors issued an unmodified opinion on both standalone and consolidated results. The company also reconstituted its Risk Management Committee by adding the CFO as a member.
The modest dividend signals shareholder回报 though the tiny amount (2 paise per share) has minimal income impact. The negative operating cash flow (negative Rs 194 lakhs consolidated) is concerning as it contrasts with reported profitability, suggesting potential working capital stress or accrual-based earnings quality issues.