15,470 Per cent Multibagger Returns: This EV and Solar Infrastructure Company Launches Innovative Solar Solutions, Strengthening Commitment to Renewable Energy – Stock Hits Upper Circuit Today
The company’s shares have delivered an impressive return of over 900 per cent in the past 2 years.
Servotech Power Systems Ltd, a prominent manufacturer of renewable energy solutions, unveiled a new series of advanced solar products during a product launch ceremony in New Delhi.
The innovative offerings include on-grid inverters, hybrid inverters, micro inverters, battery energy storage systems, and solar pump controllers, all designed to align with central government initiatives such as the PM Surya Ghar Muft Bijli Yojana and the PM-KUSUM Scheme. These solutions aim to empower residential and commercial rooftop installations while enhancing sustainable farming practices for farmers.
The cutting-edge technology behind these products promises greater efficiency and reliability for both domestic and commercial applications, addressing the increasing demand for clean energy and reducing reliance on conventional power sources.
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The product range includes on-grid inverters from 1 kW to 100 kW, hybrid inverters from 2 kW to 22.5 kW, battery energy storage systems ranging from 1.2 kWh to 15 kWh for domestic use, solar pump controllers for 2 HP to 10 HP water pumps, and micro inverters available in 800 W and 1600 W.
Raman Bhatia, Founder and Managing Director, expressed enthusiasm about the launch, emphasizing that these solutions not only aid individuals and businesses in minimizing their carbon footprints but also contribute to sustainable growth. He highlighted Servotech’s commitment to being a global leader in the renewable energy sector, continually advancing technology to deliver energy-efficient, decarbonizing, and circular solutions that benefit customers and society as a whole.
Share Performance
Today, the company’s shares closed at around Rs 168.17 and the current market capitalization stands at Rs 3,748.58 crore. Additionally, the shares have delivered an impressive multibagger return of over 115 per cent in the past 1 year only.
Financial Performance
As per the Quarterly Results, in the Q1 FY25, Servotech Power Systems Ltd recorded a revenue of Rs 97.51 crore compared to Rs 68.14 crore. It reported an operating profit of Rs 8.45 crore with a margin of around 8.70 per cent compared to Rs 6.72 crore in the same quarter last year. The net profit stood at Rs 4.74 crore compared to Rs 4.03 crore.
Disclaimer: The article is for informational purposes only and not investment advice.