Servotech Renewable Power System Q1 Results: PAT jumps 75% YoY; revenue up 58%

Servotech Renewable Power System reported a 74.5% year-on-year jump in consolidated net profit to Rs 7.94 crore for Q1 FY27, while revenue from operations rose 57.7% YoY to Rs 216.29 crore. Sequentially, however, profit declined from Rs 11 crore in the preceding March quarter, with revenue largely flat at around Rs 217 crore. The EV charger and solar products maker also secured a 1,415-kW rooftop solar project from South-Central Railways and signed a Rs 400 crore MoU with the Haryana government for manufacturing expansion.