Q3 2026 Servotech Renewable Power System Ltd Earnings Call Transcript
Key Points
- Servotech Renewable Power System Ltd (NSE:SERVOTECH) reported a strong rebound in revenue and profitability in Q3 FY26, with revenue increasing to INR202 crores on a stand-alone basis.
- The company achieved an improvement in EBITDA to INR27 crores and PAT to INR14.7 crores, reflecting better cost discipline and improved product mix.
- Servotech is targeting the production of 5,000 lithium batteries per month for the next year, indicating a focus on expanding its battery business.
- The company is expanding its distribution network, aiming to increase its retailer base from 4,000 to 10,000 in India.
- Servotech is integrating AI into its operations, which could enhance operational efficiency and offer potential for future revenue growth.
- The company faced disruption and policy-related execution challenges in Q2, which impacted its performance.
- There was a lack of updates on EV projects in Q3, raising concerns about the company's focus and progress in this area.
- Servotech's revenue from the previous year was only INR80 crores, indicating a need for significant growth to meet future targets.
- The company is not a battery manufacturer or retailer, which may limit its control over the supply chain and cost structure.
- There is uncertainty about the execution and growth potential of the KUSUM scheme and its impact on the company's performance.
Ladies and gentlemen, good day, and welcome to the Q3 FY26 investor earnings conference call for Servotech Renewable Power System Limited. (Operator Instructions) Please note that this conference is being recorded.
I would now like to hand the conference over to Mr. Raman Bhatia, the Managing Director of Servotech Renewable. Thank you, and over to you, sir.
Thank you. Good afternoon, everyone, and thank you for joining the call. Q3 FY26 marks a clear sequential recovery for Servotech following the disruption and policy-related execution challenges we faced in Q2.
Over the last quarter, our focus has been on restoring execution discipline, strengthening manufacturing efficiency and tightening cost control. These actions are reflected in our Q3 performance, where we saw a strong rebound in revenue and profitability on a quarter-on-quarter basis.
Importantly, this improvement has come from the operational execution rather than one-off item. On a
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