Analysts/Institutional Investor Meet/Con. Call Updates

28th July, 2026 National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot no. C/1 G Block, Bandra- Kurla Complex, Bandra (E) Mumbai – 400051 Trading Symbol: SERVOTECH Sub.: Intimation for Transcript of Earning Conference Call on Financial Results for the Quarter ended 30th June, 2026 Dear Sir/Madam, In accordance with the provisions of Regulation 30 read with Part A of Schedule-III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in this connection please find enclosed herewith the Transcript of Earning Conference call held on Wednesday, 22nd July, 2026 with respect to the financial results for the quarter ended 30th June, 2026. The transcript of Earning Calls are also available on the website of the Company i.e. www.servotech.in Kindly take the above information on record and oblige. Thanking You, FOR SERVOTECH RENEWABLE POWER SYSTEM LIMITED RUPINDER KAUR COMPANY SECRETARY AND COMPLIANCE OFFICER ICSI MEM NO-A38697 Servotech Renewable Power System Limited Q1 FY27 Earnings Conference Call Date & Time: 22/07/2026, 15:00 Hrs. IST. Event Duration: 30 mins 12 secs Corporate Participants: Mr. Raman Bhatia Managing Director Mr. Vipin Kaushik Chief Financial Officer English Transcript Moderator Ladies and gentlemen, good day and welcome to Servotech Renewable Power System Limited Q1 FY27 earnings conference call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Raman Bhatia, Managing Director. Thank you and over to you, sir. Raman Bhatia Thank you. Good day, everyone, and a very warm welcome. It is a pleasure to have you join us today as we discuss Servotech Renewable Power System Limited's performance for the first quarter of FY26-27. This quarter marks a strong beginning to the new financial year and reflects the steady execution of our long- term growth strategy. We have delivered robust financial performance while continuing to strengthen our position across the renewable energy value chain. Our focus on expanding manufacturing capability, advancing indigenous technologies and delivering integrated solutions across solar, battery energy storage system and EV charging infrastructure and EV chargers manufacturing has helped us to capitalise on the growing opportunities emerging from India's clean energy transition. During the quarter, we secured a major rooftop solar order from South Central Railway, signed the MOU with the government of Haryana to expand our manufacturing capacity in the state. We secured one more order for a 900 kilowatt BESS from UP and we received the BE5 star rating for our 60 kilowatt and 120 kilowatt and 240 kilowatt is already in process. Together, these wins reflect the continued strength of our order pipeline and our ability to convert opportunity into execution as we build a future ready clean energy ecosystem. And one more thing I want to add here, we are increasing day by day our channel partners across the India. Now we are penetrating in South India, North India, North East India and many more areas. I am pleased to share the financial highlights for the first quarter of FY26-27. Looking at our standalone performance, the company delivered strong year-on-year growth across all key financial parameters. Total revenue grew by 66.31 percent, reaching 208.1 crore compared to 125.14 crore in Q1 FY26. EBITDA increased by 62.85 percent from 23.18 crore to 47 crore, standing at 11.10 crore. These results reflect improved operational efficiencies, discipline execution and sustained demand across our key business segments. On a consolidated basis, we also recorded a strong quarter. Total revenue increased by 57.69 percent to 216.29 crore compared to 137.17 crore in Q1 FY26.EBITDA witnessed an impressive growth of 93.35 percent, reaching 20.94 crore, while profit after tax stood at 7.95 crore, registering a growth of 74.51 percent year-on-year. These results reflect the collective efforts of our team, the confidence of our customers and partners, and the continued execution of our long-term strategy while we remain encouraged by the momentum we have built. Our focus continues to be disciplined growth, operational excellence and creating sustainable long-term value for all the stakeholders. Thank you. Moderator Hello. Should we begin with the question and answer session now? Raman Bhatia Please. Moderator Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask a question may press star and one on their touchphone telephone. If you wish to remove yourself from the question queue, you may press star and two. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Atul, an individual investor. Please proceed. Moderator Atul, are you there? As there is no response, I'm taking the next question from the line of Darshil from Crown Capital. Please proceed. Darshil Hello. Good afternoon, sir. Thank you so much for taking my question. Firstly, congratulations on a great set of results, sir. Sir, just wanted to understand, like in terms of our outlook, what do you see FY27 panning out as, sir? Raman Bhatia I don't understand your question. Can you repeat your question? Darshil I mean, sir, I think we have grown by around 50% compared to last year. So, what do you see as FY27 in terms of revenue and margins, sir? Raman Bhatia We are trying to improve year on year. And the first quarter itself is self- explanatory. Yes, sir, but what range can we do? Because the first quarter is a very big jump. If we can continue at this level, what do you think, sir? Sir, our entire effort is to continue at this level. And that is why we are working, sir. And it has a very big role of our distribution channel and expanding the network. And the new product lines, manufacturing, and the investments we made last year in the capital, investment in the machinery, plant, all of that will start coming out. So, that is what is happening, sir. Darshil Okay, okay. And, sir, what do you think of the margins? I think you did 10% in FY26. Now, there will be a higher momentum. So, in terms of margins, how will this year be for you, sir? Raman Bhatia Sir, I have said this on many calls before that margin is not very important for us. Because it will come. When you work and do the right work, the margin comes.But it is more important that you can deliver what the customer needs. If you focus on that, then the margin becomes a by-product on its own. And it increases day by day. And in the last 5-6 years, if you look at the books, if you look at the financials, you will understand it on your own. So, we think the more we increase the momentum, the better it will be on its own. It will be even better. Darshil Okay, fair enough, sir. And, sir, what will be our order book, sir? Raman Bhatia Sir, there is a very big thing in the order book. That is, the order of the government and the projects in which you get the confirmed procurement order, their size is getting smaller and smaller. Because now the game is overall, the channel partners who are associated with us or the people we are working with, in the model, you do not have such a sound order book on a paper. But what happens is, the scenario you have, the way you have set the production and the pipeline with the marketing and sales team efforts, according to that, the order book becomes very stringent. There are very few chances of getting a drop in it. And if we talk according to that, then we will reach there, what we are thinking in this year. According to that, I would just [Showing first 8,000 characters — download PDF for full document]