Servotech Renewable Power System reported a sharp acceleration in profitability for the first quarter of fiscal 2027, with net profit climbing 74.5% year-on-year to ₹7.94 crore.
The Mumbai-based manufacturer of solar products, EV chargers, and power backup solutions also saw top-line revenue expand by 57.7% to ₹216.29 crore, reflecting strong demand across its core segments.
Reliance Industries recently posted a 25% revenue jump, while Adani Energy Solutions saw net profit more than double year-on-year.
Gross profit margins widened significantly, rising 86.8% to ₹48.56 crore, indicating improved operational leverage and pricing power.
The company attributed the robust performance primarily to its solar product division, which continues to benefit from India’s broader push toward renewable energy infrastructure and decentralized power solutions.
The results arrive as other major Indian energy and industrial players report strong starts to the fiscal year.
Reliance Industries recently posted a 25% revenue jump, while Adani Energy Solutions saw net profit more than double year-on-year.