Renewable Energy Stock in Focus as It Bags Govt. Hybrid Solar and BESS Project Across 12 Locations

Synopsis: Servotech Renewable has secured a fresh government renewable energy project, strengthening its presence in hybrid solar solutions while supporting rural clean energy infrastructure and expanding its execution opportunities in Uttar Pradesh. 

The shares of this small cap company majorly engaged in manufacturing EV Chargers, Solar Products, Power & Backup Products and many more were in focus after the company bags order from the Government across 12 locations. 

With the market capitalization of Rs. 2,249 Crores, the shares of Servotech Renewable Power System Ltd  reached an intraday high of Rs. 102.50 per share rising nearly 6 percent from its previous day close of Rs. 96.94 per share and is trading at a P/E of 62 whereas industry P/E stands at 30.8 

What is the News

Servotech Renewable Power System Ltd. has secured a new order from the Uttar Pradesh State Rural Livelihood Mission (UPSRLM), under the Department of Rural Development, Government of Uttar Pradesh, for the installation of 900 kW Hybrid Solar Rooftop Systems with Battery Energy Storage Systems (BESS) across 12 locations, each with a capacity of 75 kW. 

The company will be responsible for the complete execution of the project, including design, supply, installation, commissioning, and maintenance of the hybrid solar systems. This order strengthens Servotech’s presence in the government renewable energy segment while expanding its portfolio of integrated solar and energy storage projects.

The hybrid solar systems, combined with BESS, are designed to provide reliable and uninterrupted clean energy, reduce dependence on conventional power sources, and improve energy access across rural communities. 

The project aligns with the Uttar Pradesh government’s focus on promoting decentralised renewable energy and building resilient power infrastructure in rural areas. It also reinforces Servotech’s capabilities in delivering end-to-end renewable energy solutions and positions the company to benefit from the growing adoption of solar power and battery storage projects across the country.

About the Company and Financials

Servotech Renewable Power System Limited engaged in developing technology-driven EV charging and renewable energy solutions, backed by more than two decades of experience in the electronics industry. The company offers a wide range of products, including DC EV chargers, hybrid and grid-tied solar inverters, Battery Energy Storage Systems (BESS), and lithium-ion battery packs, catering to both commercial and residential customers.   

With strong engineering expertise and a pan-India presence, Servotech is contributing to the growth of India’s renewable energy and electric vehicle infrastructure. The company has built a reputation for innovation by delivering advanced energy solutions that support the country’s transition towards cleaner and more sustainable technologies.    

Year on Year analysis: Revenue from operations has increased from Rs. 126 Crores in Q4 FY25 to Rs. 210 Crores in Q4 FY26, up 66 percent. Operating profit has increased from Rs. 13 Crores to Rs. 22 Crores, up 69 percent and net profit has increased from Rs. 8 Crores to Rs. 12 Crores, up 50 percent. 

Quarter on Quarter analysis: Revenue from operations has increased from Rs. 202 Crores in Q3 FY26 to Rs. 210 Crores in Q4 FY26, up 4 percent. Operating profit has decreased from Rs. 26 Crores to Rs. 22 Crores, down 15 percent and net profit has decreased from Rs. 15 Crores to Rs. 12 Crores, down  20 percent. 

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