Servotech Renew Q4 FY26 sales jump 49%, PAT rises

Key takeaway from the March 2026 quarter

Servotech Renewable Power System reported a strong March 2026 quarter on a consolidated basis, with revenue, operating profit and earnings rising sharply year-on-year. Reported consolidated net sales for Q4 FY26 stood at ₹217.33 crore, up 48.57% from ₹146.28 crore in Q4 FY25. Consolidated EBITDA came in at ₹24.20 crore, an 80.87% increase over ₹13.38 crore a year ago. Net profit after minority interest and associates was reported at ₹12.28 crore versus ₹7.79 crore in the year-ago quarter. EPS (basic) increased to ₹0.54 from ₹0.35.

Consolidated Q4 FY26 performance: revenue, EBITDA, profit

The results show a step-up in profitability alongside topline growth in the quarter ended March 2026. Along with the ₹217.33 crore net sales figure in the consolidated quarterly table, the company also stated that consolidated Q4 revenue rose 48.52% to about ₹219 crore from ₹147.46 crore in Q4 FY25. In the same company update, EBITDA was reported at ₹24.2 crore, up 80.86%, and PAT at ₹10.48 crore, up 35.92%. The difference between “net profit after M.I & associates” (₹12.28 crore) and PAT (₹10.48 crore) is reflected in the detailed results, which show minority interest and share of profit of associates during the quarter. Profit before tax (PBT) in the consolidated quarterly table was ₹13.04 crore versus ₹10.51 crore in Q4 FY25.

Standalone Q4 FY26 numbers highlighted by the company

The company said its Q4 FY26 standalone revenue surged 66.6% year-on-year to ₹211.2 crore, compared with ₹126.74 crore in the corresponding quarter of FY25. It also reported profit before tax for the quarter at ₹14.89 crore, up 41.74% year-on-year. Gross profit for the quarter was stated at ₹42.22 crore, up 58.24%, indicating stronger operating performance. The company described the March quarter as its strongest quarterly performance since listing, supported by momentum in its renewable energy and electric mobility businesses.

Cost structure signals behind the quarter

The consolidated quarterly table shows raw material consumption at ₹175.57 crore in Q4 FY26, compared with ₹136.62 crore in Q4 FY25. Employee costs rose to ₹8.15 crore from ₹5.32 crore. Depreciation increased to ₹7.06 crore from ₹1.90 crore, and interest cost rose to ₹4.10 crore from ₹0.98 crore. Other expenses were ₹15.53 crore in Q4 FY26 versus ₹9.11 crore in Q4 FY25. Other income was reported at ₹1.67 crore compared with ₹1.18 crore a year ago.

Full-year FY26: consolidated topline flat, profit modestly higher

For the year ended March 2026, one reported set of figures shows net profit rising 2.47% to ₹33.55 crore from ₹32.74 crore in FY25, while sales declined 0.42% to ₹671.64 crore from ₹674.44 crore. Separately, the company stated that consolidated annual revenue was broadly flat at ₹675.36 crore versus ₹676.80 crore in FY25. Despite this flat revenue trajectory, the company reported that FY26 consolidated EBITDA rose 22.46% to ₹70.95 crore, while attributable PAT increased 2.5% to ₹33.55 crore. The company also reported FY26 gross profit at ₹162.45 crore, up 39.72%.

Standalone FY26: growth and margin improvement

On a standalone basis, the company reported FY26 revenue of ₹641.66 crore compared with ₹589.11 crore in FY25, a rise of 8.92%. Standalone EBITDA was stated at ₹74.19 crore, up 26.54%, with EBITDA margin expanding to 11.56% from 9.95%. Standalone PAT for the year was reported at ₹36.25 crore, up 8.34% year-on-year. These metrics indicate that profitability improved faster than topline on the standalone business.

Strategic shift cited for consolidated revenue softness

The company attributed the near-flat consolidated revenue to a strategic reduction of low-margin trading activity in its subsidiary, Rebreathe Medical Devices. It said capital was being reallocated towards higher-margin renewable and EV businesses. This explains why consolidated revenue stayed steady even as profitability metrics such as EBITDA and gross profit improved meaningfully in FY26.

Stock performance around the results

Servotech Renew shares closed at ₹94.93 on April 29, 2026 on the NSE, according to the report. The stock has delivered returns of -21.77% over the last six months and -22.19% over the last 12 months. These returns provide context for investor positioning going into the Q4 and FY26 results update.

Summary table: key reported financial highlights

What to watch next

Investors will track whether the improved EBITDA trajectory seen in Q4 FY26 sustains as the company continues to emphasise renewable energy and electric mobility. Another monitorable will be the impact of lower trading activity at the subsidiary level on consolidated revenue mix. With FY26 showing flat consolidated revenue but stronger profitability, the next set of quarterly numbers will be important to gauge consistency in margins and earnings quality.