Servotech Renewable Power System Ltd

Servotech Renewable Power System announced that the Board of Directors of the Company at its meeting held on 6 May 2025, inter alia, have recommended the final dividend of Rs 0.05 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Servotech Renewable Power System rose 127.11% to Rs 7.79 crore in the quarter ended March 2025 as against Rs 3.43 crore during the previous quarter ended March 2024. Sales rose 7.42% to Rs 146.28 crore in the quarter ended March 2025 as against Rs 136.17 crore during the previous quarter ended March 2024. For the full year,net profit rose 178.40% to Rs 32.74 crore in the year ended March 2025 as against Rs 11.76 crore during the previous year ended March 2024. Sales rose 90.69% to Rs 674.44 crore in the year ended March 2025 as against Rs 353.68 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales146.28136.17 7 674.44353.68 91 OPM %8.344.09 -8.245.88 - PBDT12.405.50 125 50.6719.21 164 PBT10.514.65 126 44.8116.17 177 NP7.793.43 127 32.7411.76 178 Powered by Capital Market - Live

Under the scope of this contract, Servotech will undertake the design, manufacturing, supply, installation, testing, and commissioning of rooftop on-grid solar photovoltaic (PV) plants of varying capacities across multiple sites within the Waltair Division. This initiative is part of Indian Railways' broader mission to integrate renewable energy into its infrastructure and reduce its carbon footprint, reinforcing its position as a leader in sustainable transportation. The company said this win further strengthens Servotech's growing portfolio in the public sector and showcases its capability to execute large-scale solar projects with high-quality standards and efficiency. Sarika Bhatia, Director of Servotech Renewable Power System, commented, 'We are delighted to have been awarded this significant 4.1 MW rooftop solar project by the Waltair Division of the East Coast Railway. This order reaffirms Servotech's position as a trusted partner in India's renewable energy landscape. We are committed to delivering best-in-class solar solutions and are proud to support Indian Railways in its journey towards cleaner and greener operations.' Servotech Renewable Power System develops tech-enabled EV charging solutions. The company offers an extensive range of AC and DC chargers that are compatible with different electric vehicles and serve multiple applications, such as commercial and domestic. The company's consolidated net profit surged to Rs 7.96 crore in the quarter ended December 2024 from Rs 1.11 crore during the previous quarter ended December 2023. Sales rose to Rs 216.30 crore in Q3 FY25 from Rs 52.01 crore in Q3 FY24. Powered by Capital Market - Live

Servotech Renewable Power System will hold a meeting of the Board of Directors of the Company on 6 May 2025.Powered by Capital Market - Live

In support of the PM Surya Ghar Muft Bijli Yojana, they aim to install 100,000 solar rooftop systems in homes by 2026. A key component of this initiative is the launch of a dedicated, user-friendly mobile application, developed by CIMSME in collaboration with Servotech. This app simplifies the entire solar adoption process, offering homeowners a seamless experience from initial roof inspection and documentation to installation, system monitoring, and subsidy application assistance. To ensure efficient nationwide implementation, CIMSME will mobilise a network of approximately 30,000 individuals. Operating on a PIN code basis, this dedicated workforce will facilitate sales, provide on-the-ground support and oversee the installation process. Raman Bhatia, founder and managing director of Servotech Renewable Power System, said, 'This collaboration and the launch of our mobile app represent a significant leap forward in making solar energy accessible to every Indian household. By combining our expertise with CIMSME's extensive network, we are empowering communities and driving the nation towards a sustainable future.' Mukesh Mohan Gupta, President of CIMSME, said, 'We are excited to collaborate with Servotech on this transformative project. In alignment with the vision of the Hon'ble Prime Minister towards sustainable development and enhancing the wellbeing of the people, this initiative is a significant step towards nation-building. It also promotes ESG (Environmental, Social, and Governance) objectives and accelerates solar adoption across India to ensure renewable power reaches the last mile beneficiary, Mukesh Mohan Gupta added. Servotech Renewable Power System develops tech-enabled EV charging solutions. The company offers an extensive range of AC and DC chargers that are compatible with different electric vehicles and serve multiple applications, such as commercial and domestic. The company's consolidated net profit surged to Rs 7.96 crore in the quarter ended December 2024 from Rs 1.11 crore during the previous quarter ended December 2023. Sales rose to Rs 216.30 crore in Q3 FY25 from Rs 52.01 crore in Q3 FY24. Shares of Servotech Renewable Power System slipped 4.31% to Rs 111.61 on the NSE.Powered by Capital Market - Live

Watt & Well is a French power electronics equipment provider specializing in the design, manufacture, and marketing of high-performance solutions for demanding applications in e-mobility, energy, oil & gas and space. The collaboration will initially focus on the development of a 30kW Power Module for use in the Indian EV charging market. The companies will also jointly assess the viability and process for the production of a Bidirectional Power Module for V2G applications. Under the agreement, Servotech will manufacture Power Modules in India, while Watt & Well will provide full technical support to achieve this mission. Servotech will also have the exclusive right to market and sell these components in India. Raman Bhatia, founder and managing director of Servotech Renewable Power System, said: 'We are excited to collaborate with Watt & Well to bring their cutting-edge power electronics technology to the Indian EV market. This collaboration will enable us to manufacture innovative and affordable EV Charging solutions at scale and offer our customers a comprehensive range of EV charging solutions.' Servotech Renewable Power System develops tech-enabled EV Charging solutions. The company offers an extensive range of AC and DC chargers which are compatible with different electric vehicles and serve multiple applications such as commercial and domestic. The company's consolidated net profit surged to Rs 7.96 crore in the quarter ended December 2024 from Rs 1.11 crore during the previous quarter ended December 2023. Sales rose to Rs 216.30 crore in Q3 FY25 from Rs 52.01 crore in Q3 FY24. The scrip rose 0.75% to currently trade at Rs 122.24 on the NSE. Powered by Capital Market - Live

Net profit of Servotech Power Systems rose 617.12% to Rs 7.96 crore in the quarter ended December 2024 as against Rs 1.11 crore during the previous quarter ended December 2023. Sales rose 315.88% to Rs 216.30 crore in the quarter ended December 2024 as against Rs 52.01 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales216.3052.01 316 OPM %7.495.83 - PBDT14.352.61 450 PBT12.831.86 590 NP7.961.11 617 Powered by Capital Market - Live

Servotech Power Systems will hold a meeting of the Board of Directors of the Company on 21 January 2025.Powered by Capital Market - Live

In a regulatory filing made during market hours today, the company informed that it has secured an order of approx. 1,100 Grid-connected Agriculture Pumps under 'KUSUM Component C-1 Scheme' from Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA), Govt. of Uttar Pradesh. The project valued at around Rs 31 crore will involve manufacturing, supplying, installation, testing & commissioning of grid connected agriculture pumps along with solar power plants. Furthermore, the project involves for Servotech to provide comprehensive warranty maintenance for the next 5 years for pumps ranging from 2 HP, 3 HP and 5 HP with solar power plant with capacities of 3 kW, 4.5 kW, and 7.5 kW, for a total of 1094 solar pumps across Uttar Pradesh contributing to the state's renewable energy goals. Sarika Bhatia, director, Servotech Renewable Power System, said: 'We are excited to get this order from UPNEDA to support Uttar Pradesh's green energy initiatives.' Servotech Power Systems develops tech-enabled EV charging solutions. The company offers an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. The company's consolidated net profit surged 262.5% to Rs 11.31 crore on 132.4% jump in net sales to Rs 199.67 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The firm stated that this order will act as a major push in building a solar-powered state overall, bringing India closer to becoming a solar-powered nation. The project entails designing, supplying, installation, net metering, testing and commissioning of on-grid rooftop solar power plants. Further, the project also involves Servotech to deliver comprehensive warranty maintenance for the next 5 years, tending to 1 kW‐1500 kW on‐grid rooftop solar installations done at various strategic locations, which include government offices, colleges, buildings, hospitals and institutions, etc. across the state contributing to the state's renewable energy goals and decarbonisation. Sarika Bhatia, Director of Servotech Power Systems, said, 'We're elated to work with UREDA in enhancing our green efforts by capitalising on enhancing the energy access and sustainability for the natives in Uttarakhand. The company's proven track record of providing exceptional and efficient solar solutions has established the company as a reliable partner among the nodal agencies and created a strong niche in India's renewable energy market. We are confident that our reliable solar solutions will empower Uttarakhand with clean, reliable, and affordable solar energy. This project aligns with our vision of a sustainable future and will contribute to the state's energy security and environmental goals.' Servotech Power Systems develops tech-enabled EV charging solutions. The company offers an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. The company's consolidated net profit surged 262.5% to Rs 11.31 crore on 132.4% jump in net sales to Rs 199.67 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live