Servotech Renewable Power System Limited — Earnings Release 2025

Jan 22, 2025

22[nd ] January, 2025

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To,

National Stock Exchange of India Limited

Exchange Plaza, NSE Building, Bandra Kurla Complex, Bandra East, Mumbai-400051

Trading Symbol: SERVOTECH

Sub.: Press Release – Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Dear Sir/Madam,

With reference to the captioned subject, we are enclosing herewith a revised Press Release with respect to Announcement of Financial Results for Quarter ended December 31, 2024.

Please consider the aforesaid as relevant disclosure required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kindly take the above information on record and oblige.

Thanking You,

FOR SERVOTECH RENEWABLE POWER SYSTEM LIMITED (Formerly known as Servotech Power Systems Limited)

Rupind Digitally signed by Rupinder Kaur Date: 2025.01.22 er Kaur 15:07:41 +05'30'

RUPINDER KAUR COMPANY SECRETARY AND COMPLIANCE OFFICER ICSI MEM. NO.: A38697

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PRESS RELEASE

New Delhi, 22[nd] January 2025

Servotech Renewable Power System Limited for Q3FY25 reports consolidated 315% revenue growth & registers 728% increase in Profits

New Delhi, 22[nd] Jan 2025: Servotech Renewable Power System Ltd. (Formerly known as Servotech Power Systems Ltd.) (NSE: SERVOTECH), India’s largest manufacturer of Electric Vehicle (EV) chargers, and a leading provider of Solar solutions, EV Charger components and Power-Backup solutions, presented its quarterly financial results for the quarter and nine months ended 31[st] December, 2024 at its Board of Directors meeting on 21[st] January, 2025 .

FINANCIAL HIGHLIGHTS

Consolidated

• Total Revenue witnessed stellar growth of 315.3% in Q3 FY25 to Rs. 21,683.2 lacs from Rs. 5,220.6 lacs in Q3 FY24

• EBITDA increased by 420.1% from Rs. 321.6 lacs in Q3 FY24 to Rs. 1,672.8 lacs in Q3 FY25

• PBT stood at Rs. 1,282.5 lacs in Q3 FY25, compared to Rs. 185.8 lacs in Q3 FY24, witnessing a growth of 590.2%

• PAT stood at Rs. 918.94 lacs in Q3 FY25, compared to Rs. 111.4 lacs in Q3 FY24, witnessing a growth of 616.8%

• In terms of 9M performance, total revenue increased by 142.1% and stood at Rs. 52,934.0 lacs in 9M FY25 compared to Rs. 21861.0 lacs in 9M FY24

• EBITDA increased by 173.1% from Rs. 1,631.5 lacs in 9M FY24 to Rs. 4,455.9 lacs in 9M FY25

• PAT increased by 198% and stood at Rs. 2,492 lacs in 9M FY25 compared to Rs. 834.8 lacs in 9M FY24, margins improved to 5% from 4.5% during the same period

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Standalone

• Total Revenue witnessed stellar growth of 264.8% in Q3 FY25 to Rs. 18,185.7 lacs from Rs. 4,984.5 lacs in Q3 FY24.

• EBITDA increased by 433.0% from Rs. 318.6 lacs in Q3 FY24 to Rs. 1,698.1 lacs in Q3 FY25

• PBT stood at Rs. 1,309.4 lacs in Q3 FY25, compared to Rs. 182.9 lacs in Q3 FY24, witnessing a growth of 616.0%

• PAT stood at Rs. 950 lacs in Q3 FY25, compared to Rs. 109.2 lacs in Q3 FY24, witnessing a growth of 772%

• In terms of 9M performance, total revenue increased by 148.6% and stood at Rs. 46,236.9 lacs in 9M FY25 compared to Rs. 18,601.6 lacs in 9M FY24

• EBITDA increased by 181.8% from Rs. 1,596.7 lacs in 9M FY24 to Rs. 4,499.9 lacs in 9M FY25

• PAT increased by 215% and stood at Rs. 2,562 lacs in 9M FY25 compared to Rs. 813.0 lacs in 9M FY24, margins improved to 6% from 4.4% during the same period

Commenting upon the results, Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. (Formerly known as Servotech Power Systems Ltd.) said, "The quarter experienced stellar growth, fueled by our unwavering commitment to delivering cutting-edge, technologydriven solutions in electric vehicles and solar energy. As a market leader in India's EV charging sector, currently holding a 35-40% market share, we are strategically positioned to capture 50-55% by manufacturing 12,000 DC fast chargers in FY25, meeting the rapidly surging demand for EV infrastructure. EV chargers are projected to constitute 70-75% of our total revenue, with solar products contributing the remaining portion. This dual-pronged focus on innovation reflects our dedication to creating long-term value for our stakeholders while simultaneously contributing to a sustainable future. The trust and enthusiasm of our customers and shareholders inspire us to push boundaries and set higher benchmarks. We are optimistic about the future and committed to driving growth and establishing ourselves as a global leader in renewable energy and smart energy solutions."

--Press Release Ends—

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About Servotech Renewable Power System Limited (Formerly known as Servotech Power Systems Ltd.) :

Servotech Renewable Power System Limited (Formerly known as Servotech Power Systems Ltd.) is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers which are compatible with different Electric Vehicles and serve multiple applications such as commercial and domestic. With our comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure. As a trusted brand with a strong pan-India presence, our legacy is marked by proven innovations and development of the advanced technologies.

For more information, please visit https://servotech.in/

Corporate Communications Prabhutva Tiwari pr@servotechindia.com +91 8318873166		Investor Relations Pooja Goel ir@servotechindia.com +91 9266126409

Disclaimer:

This press release contains “forward- looking statements” that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are to different degrees, uncertain. For us, uncertainties arise from the behavior of financial, software and real estate industry, from future integration of businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

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