Thanks @jan_blaha for the quick response. Resolved the issue. The error was due to insufficient memory on the VPS.

Iam using Linux VPS(ubuntu 16.04), with NodeJS server which is using jsreport and phantom PDF recipe for dynamic PDF generation.
Please find the versions of packages that I have installed for this

"jsreport": "^2.5.0",
"jsreport-phantom-pdf": "^2.3.0"

But on rendering, this is failing with below error.

Please Note :- This is working fine in my Local Windows Server.

{ Error: Command failed: /node_modules/phantomjs/lib/phantom/bin/phantomjs --ignore-ssl-errors=yes --web-security=false --ssl-protocol=any /node_modules/phantom-html-to-pdf/lib/scripts/standaloneScript.js /tmp/jsreport/autocleanup/74d65374-d25e-4300-8f37-0d4e52911c59settings.html
PhantomJS has crashed. Please read the crash reporting guide at https://github.com/ariya/phantomjs/wiki/Crash-Reporting and file a bug report at https://github.com/ariya/phantomjs/issues/new with the crash dump file attached: /tmp/7dee0f27-259c-8454-34e1fe34-16cf8734.dmp
, Segmentation fault error: if you are using macOS Sierra with phantomjs < 2 remember that phantomjs < 2 does not work there and has bugs (https://github.com/ariya/phantomjs/issues/14558), try to upgrade to phantom 2 if using macOS Sierra
    at ChildProcess.exithandler (child_process.js:294:12)
    at ChildProcess.emit (events.js:198:13)
    at maybeClose (internal/child_process.js:982:16)
    at Process.ChildProcess._handle.onexit (internal/child_process.js:259:5)
  cause:
   { Error: Command failed: /node_modules/phantomjs/lib/phantom/bin/phantomjs --ignore-ssl-errors=yes --web-security=false --ssl-protocol=any /node_modules/phantom-html-to-pdf/lib/scripts/standaloneScript.js /tmp/jsreport/autocleanup/74d65374-d25e-4300-8f37-0d4e52911c59settings.html
   PhantomJS has crashed. Please read the crash reporting guide at https://github.com/ariya/phantomjs/wiki/Crash-Reporting and file a bug report at https://github.com/ariya/phantomjs/issues/new with the crash dump file attached: /tmp/7dee0f27-259c-8454-34e1fe34-16cf8734.dmp
   , Segmentation fault error: if you are using macOS Sierra with phantomjs < 2 remember that phantomjs < 2 does not work there and has bugs (https://github.com/ariya/phantomjs/issues/14558), try to upgrade to phantom 2 if using macOS Sierra
       at ChildProcess.exithandler (child_process.js:294:12)
       at ChildProcess.emit (events.js:198:13)
       at maybeClose (internal/child_process.js:982:16)
       at Process.ChildProcess._handle.onexit (internal/child_process.js:259:5)
     killed: false,
     code: null,
     signal: 'SIGSEGV',
     cmd:
      '/node_modules/phantomjs/lib/phantom/bin/phantomjs --ignore-ssl-errors=yes --web-security=false --ssl-protocol=any /node_modules/phantom-html-to-pdf/lib/scripts/standaloneScript.js /tmp/jsreport/autocleanup/74d65374-d25e-4300-8f37-0d4e52911c59settings.html' },
  isOperational: true,
  killed: false,
  code: null,
  signal: 'SIGSEGV',
  cmd:
   '/node_modules/phantomjs/lib/phantom/bin/phantomjs --ignore-ssl-errors=yes --web-security=false --ssl-protocol=any /node_modules/phantom-html-to-pdf/lib/scripts/standaloneScript.js /tmp/jsreport/autocleanup/74d65374-d25e-4300-8f37-0d4e52911c59settings.html',
  logged: true }