Servotech Renewable Power System Q2 Results: Check Complete Financials Here

The top renewable energy brand in India, Servotech Renewable Power System Ltd., published its Q2FY26 financial results. On a standalone basis, total revenue dropped by 17.75%, coming in at Rs 102.93 crore, compared to Rs 125.14 crore in Q1 FY26.

EBITDA declined by 31.55%, standing at Rs 9.74 crore versus Rs 14.23 crore in the previous quarter. From Rs 26.57 crore in Q1 FY26, gross profit dropped 15.31% to Rs 22.50 crore in the quarter under review.

Compared to Rs 10.04 crore in Q1 FY26, Profit Before Tax (PBT) fell precipitously by 69.08% to Rs 3.10 crore. Comparably, Profit After Tax (PAT) plunged by 69.91% to Rs 2.27 crore from Rs 7.55 crore in the first quarter of FY26.

Consolidated total revenue fell from Rs 137.17 crore in Q1 FY26 to Rs 107.66 crore, a 21.51% contraction. EBITDA was Rs 7.44 crore in Q2FY26, down 31.25% from Rs 10.83 crore in the prior quarter. Gross profit declined by 9.14% to Rs 23.63 crore from Rs 26.00 crore in the first quarter of FY26.

PAT went down by 91.32% to Rs 0.39 crore from Rs 4.55 crore in the preceding quarter, while PBT fell precipitously by 91.95% to Rs 0.53 crore in Q2FY26 from Rs 6.57 crore in Q1 FY26.

The company reported a decline in performance during the first half of FY26, both on a standalone and consolidated basis.

Commenting on the results, Raman Bhatia, Managing Director, Servotech Renewable Power System said, "While this quarter presented certain challenges, we view it as part of a healthy growth journey. Our strategic initiatives, operational enhancements, and continued investments in innovation have strengthened our foundation for long-term success."

"Servotech remains focused on capturing emerging opportunities in the renewable energy sector, expanding our footprint, and enhancing efficiency across operations. With a resilient team, clear vision, and robust market demand ahead, we are confident that the coming quarters will reflect stronger performance and reaffirm our commitment to driving India's transition toward sustainable, renewable energy solutions," he further added.

Using their more than 20 years of skills and expertise in the electronics industry, Servotech Renewable Power System Limited (formerly known as Servotech Power Systems Ltd.) is an NSE-listed company which develops tech-enabled EV charging solutions.