Servotech Renewable Power System Limited (SERVOTECH) Earnings Call Transcript & Summary

Ladies and gentlemen, good day, and welcome to Servotech Renewable Power Systems Limited Q1 FY '27 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Mr. Raman Bhatia, Managing Director. Thank you, and over to you, sir.

Thank you. Good day, everyone, and a very warm welcome. It is a pleasure to have you join us today as we discuss Servotech Renewable Power Systems Limited performance for the first quarter of FY '26-'27. This quarter marks a strong beginning to the new financial year and reflects the steady execution of our long-term growth strategy. We have delivered robust financial performance while continuing to strengthen our position across the renewable energy value chain. Our focus on expanding manufacturing capabilities, advancing indigenous technologies and delivering integrated solutions across solar, battery energy storage system and EV charging infrastructure and EV chargers manufacturing has helped us to capitalize on the growing opportunities emerging from India's clean energy transition. During the quarter, we secured a major rooftop solar order from South Central Railway, signed an MOU with the government of Haryana to expand our manufacturing capacity in the state. We got -- we secured one more order for a 900-kilowatt BSS from UP, and we received the BEE 5-star rating for our 60-kilowatt and 120-kilowatt and 240-kilowatt is already is in process. Together, these wins reflect the continued strength of our order pipeline and our ability to convert opportunity into execution as we build a future-ready clean energy ecosystem. And one more thing I want to add here, we are increasing day by day our channel partners across the India. Now we are penetrating in South India, North India, Northeast India and many more areas. I'm pleased to share the financial highlights for the first quarter of FY '26-'27. Looking at our stand-alone performance, the company delivered strong year-on-year growth across all key financial parameters. Total revenue grew by 66.31%, reaching INR 208.1 crores compared to INR 125.14 crores in Q1 FY '26. EBITDA increased by 62.85% from INR 23.18 crores to INR 47 crores (sic) [ from INR 14.23 crores to INR 23.18 crores ] standing at INR 11.10 crores. These results -- and PAT grew by 47%, standing at INR 11.1 crores. These results reflect improved operational efficiencies, disciplined execution and sustained demand across our key business segments. On a consolidated basis, we also recorded a strong quarter. Total revenue increased by 57.69% to INR 216.29 crores compared to INR 137.17 crores in the corresponding quarter last year. EBITDA witnessed an impressive growth of 93.35%, reaching INR 20.94 crores, while profit after tax stood at INR 7.94 crores, registering a growth of 74.51% year-on-year. These results reflect the collective efforts of our team, the confidence of our customers and partners and the continued execution of our long-term strategy, while we remain encouraged by the momentum we have built. Our focus continued to be disciplined growth, operational excellence and creating sustainable long-term value for all the stakeholders. Thank you.

Should we begin with the question-and-answer session now?

Please.

[Operator Instructions] The first question is from the line of Atul, an individual investor. As there is no response, I'm taking the next question from the line of Darshil from Crown Capital.

Firstly, congratulations on a great set of results, sir. Sir, just wanted to understand like in terms of our outlook, what do you see FY '27 panning out as, sir?

[indiscernible] but please can you repeat your question.

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[Operator Instructions] The next question is from the line of Pradeep Kumar, an individual investor.

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The next question is from the line of [ Satyam Chaudhary ], an individual investor.

Sir, my question is regarding first about BESS, like how much demand we are looking into it? And what kind of expansion we are looking to do in that particular segment?

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BESS, B-E-S-S, battery packs.

Battery packs [Foreign Language]

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So debt [Foreign Language]

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The next question is from the line of Dharshil from Crown Capital.

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Okay, sir. 3x by end of the year and 10x [Foreign Language]

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No, capital jump [Foreign Language]

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