Servotech Power Systems Limited (NSE: SERVOTECH) Q4 2025 Earnings Call dated May. 07, 2025
Corporate Participants:
Raman Bhatia — Founder and Managing Director
Analysts:
Tushar Pendharkar — Analyst
Girish S. — Individual Investor
Vidya Sharma — Analyst
Jay Padmani — Individual Investor
Naman Sharma — Individual Investor
Vasu Thangri — Individual Investor
Nandini Gupta — Individual Investor
Presentation:
Operator
Ladies and gentlemen, good day and welcome to the Servotec Renewable Power Systems Limited Q4 FY ’25 Conference Call hosted by Venture Securities Limited. As a reminder, all participant lines will be in listen-only mode. There will be an opportunity for you to ask questions after the management opening remarks. Should you need assistance during this conference, please signal the operator by pressing star on your touchstone telephone. Please note that this conference is being recorded. I now hand the conference over to Mr Tushar from Securities. Thank you and over to you, sir.
Tushar Pendharkar — Analyst
Thank you. Thank you, and very warm welcome to everyone. On behalf of Venture Securities Limited, I am pleased to welcome you all on the earnings conference call of Renewable Power Systems Limited for Q4 FY ’25. We are happy to have the management of the company with us here today. Management is represented by Mr Raman Bhatia, Founder and Managing Director; and Mr Vipin, Finance Controller. We will begin with the opening remarks from the management, followed by an interactive question-and-answer session. With this, I hand over the call to Mr Raman Bhatia. Thank you, and over to you, sir.
Raman Bhatia — Founder and Managing Director
Thank. Good evening, everyone, and a warm welcome. I am delighted to have you join us today as we discuss Renewable Power Systems Limited’s performance for Q4 and financial year ’24-’25. Our journey over the last few quarters have been both exciting and encouraging. We have recorded robust growth underpinned by our efforts to strengthen India’s EV charging infrastructure and expand access to clean solar energy. These results reinforce our position as a fortunate front-runner in the green energy transition and reflect our growing trust in our vision and capabilities. As we look to the future, we aim to deepen our impact by ramping-up domestic manufacturing, scaling our innovations and taking our Made in India solution to international markets. With future-ready products and strategic expansion plans, we are committed to empowering cities, industries and individuals. Driving sustained progress while shaping a cleaner, smarter and more connected energy ecosystem worldwide. I am pleased to share the financial highlights for the 4th-quarter and the full-year financial year 2024-’25. Our team’s dedication to innovation, sustainable growth strategies and effective execution of our order book has delivered excellent results, demonstrating the strength of strategic approach. Looking at our consolidated performance for the full-year, we have seen remarkable growth. Our total revenue surged by an impressive 91%, reaching INR676.80 crore lakhs compared to INR355 26.5 lakhs in the previous year. This strong top-line performance translated directly to our profitability. Our EBITDA witnessed a significant jump of 159%, climbing from INR22.36 crore to INR57.93 crores. Finally, our profit-after-tax also showed robust growth of 176%, reaching INR32.63 crores from INR11.8 crores. Notably, our PAT margin also improved to 4.8% from 3.3% during the same-period, reflecting enhanced operational efficiencies, now focusing on the 4th-quarter of FY ’25 on a consolidated basis. We continue to build-on and momentum. Our total revenue grew by a healthy 7.9% to INR147.46 crores, up from INR136.65 crore in Q4 FY ’24, our EBITDA saw an even more significant rise 121%, increasing to INR13.38 crores from INR6.05 crores in the corresponding quarter last year. Our PAT for the quarter also demonstrated strong growth, increasing by 123.4% to INR7.71 crore from INR3.45 crores in the same-period last year. Turning to our standalone performance for the full-fiscal year, the numbers are equally encouraging. Our total revenue increased by 91.8%, INR589.1 crores compared to INR307.21 crores in FY ’24. Our EBITDA saw an impressive increase of 169.8%, rising from INR21.73 crores to INR58.62 crores. Finally, looking at the standalone performance for the 4th-quarter of FY ’25, we continued our growth trajectory. Our total revenue grew by 4.6%, INR126.74 crores from INR121.9 crores. In Q4 FY ’24, our EBITDA showed a strong increase of 136%, a rising to INR13.63 crores from INR5.76 crores in the corresponding quarter last year. Overall, these figures demonstrate our strong financial performance for both our quarters and the full-fiscal year, highlighted our growth momentum and improved profitability. We are excited about the future and remain committed to delivering sustainable value for our stakeholders. I would like to highlight some key developments from the past quarter. Renewable has signed an agreement with Well to develop and manufacture EV charger components in India. And CIMSME launched user-friendly mobile app accelerating 1 lakh solar home target by 2026 under PM Ujna. Renewable back solar rooftop order of solar rooftop from Northeastern railway. We have also got one order for our solar water bump also. Renewable granted Patent for breakthrough through peak shaving technology. Finally, I would like to express my sincere gratitude to our dedicated team, valued, customer supportive shareholders and suppliers for their continued trust and partnership. I’m happy now to answer your questions. But before we open the floor for questions, I would like to acknowledge a few strategic queries we received from the investors over the last one-week. That’s why this time our presentation, which we are going to upload with all the financial data, we have just hold it and we are just wanting to add these questions and these queries reply in this. What about that? I’m just giving an ballpark figure for you. These document covering key topics like our digital roadmap, AI use cases, peak shaving technology and operational improvements. These insights reflect the forward-looking initiative we are already implementing from SAP and Joe CRM rollout to AI-powered reporting and IoT-based energy terrimetries. The full Q&A is — will be available on our Investor Relations page along with our this new PPT, which we will try to upload maximum by this evening. Now we are open the floor for the questions. Thank you.
Questions and Answers:
Operator
Thank you, sir. Ladies and gentlemen, we will now begin the question-and-answer session. If you have a question, please press star in one on your telephone keypad and wait for your name to be announced. If would like to withdraw your request, you may do so by pressing star and 1 again. Ladies and gentlemen, if you have any question please press star and on your telephone keypad. We will wait for a moment while the question queue assembles ladies and gentlemen if you have any question please press star and one on your telephone ladies and gentlemen, if you have any question please press star and one on your telephone keypad. Ladies and gentlemen, if you have any question please press star and one on your telephone keypad. Ladies and gentlemen, if you have any question, please press on your telephone keypad. The first question is from the line of Girish S. [Phonetic], an Individual Investor. Please go-ahead.
Girish S.
This is for, right?
Operator
Yes.
Girish S.
Yeah, actually we were told that the call will start at 5:15, so I think we have missed the management commentary then. So when we dialed-in at five, we got a recorded call that it will start at 5, 15 or something. So I just dialed-in and I realise that we have been told to ask questions. So I don’t know-how many people have actually online to ask questions.
Raman Bhatia
Hello.
Girish S.
Yeah.
Raman Bhatia
Yes, sir.
Girish S.
No.
Raman Bhatia
Sir, time got to the we have started at 5:5, this time was 5 o’clock.
Girish S.
Yeah, but I somehow felt we had one operator who came and said that it will start at 5:15, so.
Raman Bhatia
I have no idea about that.
Girish S.
Okay. That’s okay. I’ll wait for the questions. I don’t have any questions.
Operator
Thank you. The next question is from the line of Vidya Sharma from Synergy Electricals [Phonetic]. Please go-ahead.
Vidya Sharma
Yeah, I just want to ask you about the growth like company KC growth a year and get the result here.
Raman Bhatia
Company growth go up future may we plan for a solar plant thing solar and second thing or is Sawalke. TV are going a backward integration is solar EV, solar PV manufacturing company under investments Karan, just a backward integration or of the or it MSCI, MSME sign-up Ti ahead solar. So plans hand to Solar, plus EV,, the Kari Pandra Countries from or all countries. That is the plan.
Vidya Sharma
Okay, great. Best of luck for your future.
Raman Bhatia
Thank you, ma’am.
Vidya Sharma
Okay.
Operator
Thank you. The next question is from Jay Padmani [Phonetic], an individual investor. Please go-ahead. A repeat question comes from Jai Patmani, an Individual investor. Please go-ahead.
Jay Padmani
Hello, sir.
Raman Bhatia
Yeah.
Jay Padmani
Am I audible, sir?
Raman Bhatia
Yeah. Please.
Jay Padmani
Please sir, congratulations for the great financial year and great numbers, sir. I just wanted to note that you just mentioned in last con-call that you are going to do a preferential allotment, preferential of INR200 crores by June or July. So are we on-track on that?
Raman Bhatia
Sir, plan may have you going to be go market this city of coffee to strategically ABM Profess Savid.
Jay Padmani
Okay, sir. Okay.
Raman Bhatia
Yeah.
Jay Padmani
Thank you. Thank you.
Raman Bhatia
Thank you.
Operator
Thank you. The next question is from Naman Sharma [Phonetic], an Individual Investor. Please go-ahead. A repeat question comes from Naman Sharma. Please go-ahead. There is no response. Ladies and gentlemen, if you have any question, please press and 1 on your telephone keypart we have a question from Naman Sharma, an Individual investor. Please go-ahead.
Naman Sharma
Hello.
Raman Bhatia
Yeah.
Naman Sharma
Hello, Mr sir.
Raman Bhatia
Yes.
Naman Sharma
Sir, company are the you both to join G, so for companya focus is EV charging the business, plant plan career, productivity.
Raman Bhatia
Target, in case of some international markets plan, African countries Khanai or US may be they will help us strategically as well geographically and he’s a big person. You all are fully aware to whom belongs he’s and how much exposure we will get as a company or networking relations. King we are working on that.
Naman Sharma
So sir, is that I congratulate to you,. On the results complete my question. So looking at future growth prospect currently, sir from the revenue point-of-view, sir yeah.
Raman Bhatia
Revenue point-of-view say better oga, if you could comment only the,,, but EV market may put saturation high due to infra say also, Joe, John Time have Hami overall coffee vo Najar, oil marketing company or EV charging hit air or if will be a solo or international market for that growth co-hum steady. That was the plan.
Naman Sharma
Okay. Sir, your press release, is may operational efficiency be back to you. Company operational efficiency that.
Raman Bhatia
Operationally cost-effective profitability better gear inventory co minimize here, to have after first-quarter or better and better coffee gear but like hit back I had to other,, Kiak set of way. Our EA experience for, set of, you bought Yata or the, but we have improved a lot or Quar it and AIP.com put details most probably. We are trying to upload the presentation. We’ll try Aj Ratta Hujay is the Maximum. We are working on that.
Naman Sharma
Sure. Thank you. Thank you so much, sir.
Raman Bhatia
Thank you.
Operator
Thank you. Ladies and gentlemen, if you have any question please press star and one on your telephone ladies and gentlemen, if you have any question please press on your telephone keypad we have a follow-up question from Jaipadmani, an Individual investor. Please go-ahead.
Jay Padmani
Raman, sir, this is, sir, is there any fundamental problem or there is a temporary halt? And how do you see maybe charging a market in India?
Raman Bhatia
Sir, market guaranteed give Dora and AAM, but do quarter is,,, the ecosystem, that was some uki problem although we in fact problem was all by hand, Yoki system anywhere. India may a subsidiary problem here discom skew bars power connection key infrastructure here. Adjust will charges on 40% charges are we take install anyway or QoQ install new way, the only payments go slower there. But if we just say overall may it slow-down slowdown hit and I it’s clearly a owning up or solar distribution or channel GI and Agaram to Hamara Network approximately double.
Jay Padmani
Sir, just one follow-up question, sir. This Kahaki backward integration Solar, who will come, sir. So sir taken capacity hope you Hamiya currently.
Raman Bhatia
How much or just a conclusion,. Disclosed? Hamara Target and your or you initial capacity here, whoa he did go for megawatt here but near plant and company is on or fair capacity 1 gigawatt of or Jesse.
Jay Padmani
Okay, sir.
Raman Bhatia
Obviously. Based company investment and simultaneously.
Jay Padmani
So like captive consumption till.
Raman Bhatia
Obviously capacity you have vertical those are things are humlog per month Pandra Satra,.
Jay Padmani
Okay, sir. Okay, sir. Got it. Thank you. Thank you so much, sir.
Raman Bhatia
Thank you.
Operator
Thank you. Ladies and gentlemen, if you have any question, please press star and one on your telephone keypad. We have a follow-up question from Naman Sharma, an Individual investor. Please go-ahead. A repeat question comes from Naman Sharma. Please go-ahead. There is no response ladies and gentlemen, if you have any question please press R&1 on your telephone iPad question comes from Naman Sharma, an Individual Investor. Please go-ahead. MR. Naman, your line unmuted. I request you to kindly please go-ahead. Ladies and gentlemen, if you have any question, please press start and one on your telephone epad. We will wait for a moment while the question queue assembles ladies and gentlemen, if you have any question, please press R&1 on your telephone keypad. The next question comes from Vaso Thangri [Phonetic], an Individual Investor. Please go-ahead.
Vasu Thangri
Hello.
Raman Bhatia
Hello.
Vasu Thangri
Hello.
Raman Bhatia
Yes, please.
Vasu Thangri
Yes, sir. Sir, I want to ask said company order book care H1 Chile. Company order book numbers for a share perspective H1.
Raman Bhatia
Unfortunately data execute is key value so crore. Scale our Johan monthly business currently in Boja pay, that is around INR200 crores. So it’s coming up team so teams of, so much verbally on the spot right. Okay. All we have unfortunately may happening yesterday. Okay, okay. But on timely release big September the orders on release and is it.
Vasu Thangri
Solar regarding to business.
Raman Bhatia
Correct, correct. Nimo, you?
Vasu Thangri
Thank you.
Operator
Thank you. Ladies and gentlemen, if you have any question, please press start and one on your telephone keypad. Ladies and gentlemen, if you have any question please press on your telephone keypad ladies and gentlemen if you have any question please press star and 1 on your telephone keypad ladies and gentlemen, if you have any question please press start and one on your telephone keypad.
Jay Padmani
Hello.
Raman Bhatia
Hello.
Operator
The next question is from the line of Ajay Padmani, an Individual Investor. Please go-ahead. A repeat question comes from Jai Padmani. Please go-ahead.
Jay Padmani
See Raman sir, say solar, I’m gonna start to Kiab Purasa solar silica capacity Tamara.
Raman Bhatia
So Stage complete Sumena, who have backward of company make investment and the GI of course just complete, then we’ll disclose on this. So a bit due to.
Jay Padmani
Thank you.
Operator
Thank you. Ladies and gentlemen, if you have any question, please press star and one on your telephone keypad. The next question comes from Nanjani Gupta [Phonetic], an Individual Investor. Please go-ahead.
Nandini Gupta
Hi, how are you, sir? Okay, so just got to know that company core railway contract both congratulations. So Janas, Solar May, Incaffee plankaran or jee are we
Raman Bhatia
Having northern, Eastern, be ahead. Do we have a plan in case of coffee? Solar may. Right now I’m talking about solar only.
Nandini Gupta
Yeah. And also looking at solar point-of-view only the solar contract, will I hear me?
Raman Bhatia
So just started so okay, tenders or projects are end. So we are bidding for every tender and every project.
Nandini Gupta
Okay.
Raman Bhatia
We have already got more than five contracts, I think.
Nandini Gupta
Wow that’s really nice.
Raman Bhatia
Thank you.
Nandini Gupta
Thank you so much all the best.
Operator
Thank you. Ladies and gentlemen, if you have any question please press star and one on your telephone keypad Ladies and gentlemen, if you have any question please press star and one on your telephone keypad. There are no further questions. I now like to hand over the call to the management for closing comments., sir, please go-ahead.
Raman Bhatia
Hi, yeah. Okay. Okay. I am very thankful to all of you to come in here and ask the questions from us. And we are closing it right now. This call. Thank you.
Operator
Thank you, sir. On behalf of Securities, that concludes this conference. Thank you all for joining us. You may now disconnect your lines.