Servotech Renewable Eyes 10% Margin, Upto Rs 650-Crore Revenue In Fiscal 2025

Servotech Renewable Power System Ltd. expects its margin to grow up to 10% with revenues of around Rs 600-650 crore in fiscal 2025, according to Raman Bhatia, the company's founder and managing director.

The company finished the first half of the ongoing fiscal with a margin of 8.9% and revenue of more than Rs 300 crore.

Speaking to NDTV Profit, Bhatia said that the company is working to improve the metrics day by day and the results will be visible on the books. "We will definitely achieve a margin of more than 9% or 10%."

"We are working in this domain with the vision of ‘produce green to live green’ and the driving force behind this is our sustainable energy solutions. We are making so many things in the EV charger segment, especially DC fast charges and we are also in the solar domain,” Bhatia noted.

The top executive emphasised on strong growth prospects for the company in the ever-growing renewable energy segment, given the government’s focus on the sector.

Servotech Renewable, earlier this month, signed a deal with Germany-based LESSzwei GmbH (Less2) to develop and deploy solar-powered electric vehicle charging infrastructure in Germany. The initiative is supported by the German Federal Ministry for Economic Affairs and Climate Action.

Talking about the deal, Bhatia mentioned that the company will develop and deploy standalone EV chargers for electric bikes across Germany.

"We are developing a standalone EV charger for electric bikes because now they are not interested in using big cars because there are a lot of issues with the parking and the roadside jams etc. They are promoting e-bikes," he said.

Servotech Power Systems launched solar solutions, including on-grid microinverters and inverters, hybrid inverters, battery energy storage systems and solar pump controllers in October this year.

Commenting on the impact of these launches, Bhatia said that the performance in fiscal 2025 is unlikely to witness an effect of this development.

"I don't think the impact will be seen in the fourth quarter. But, definitely in quarter one of FY26, you will see a big leap. We have already grabbed a few orders against all these new launches," he said.

Shares of Servotech Renewable, earlier known as Servotech Power Systems, settled 0.17% lower at Rs 161.55 apiece on the NSE on Friday compared to the benchmark Nifty 50 closing 0.27% higher at 23,813.4.