600 Per Cent Jump In PAT: EV charger manufacturer & Solar solutions provider stock hit upper circuit on February 05
The stock is up by 96.3 per cent from its 52-week low of Rs 73.50 per share.
On Wednesday, shares of Servotech Power Systems Ltd hit a 5 per cent upper circuit to Rs 144.28 per share from its previous closing of Rs 137.41 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share.
Servotech Renewable Power System Limited (formerly Servotech Power Systems Ltd) is an NSE-listed organisation developing tech-enabled EV Charging solutions, leveraging over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers compatible with various electric vehicles and serve multiple applications, including commercial and domestic ones. With our comprehensive engineering capabilities, we aim 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 the development of advanced technologies.
The company experienced remarkable financial growth in the third quarter of FY25. Total revenue soared by 315.3 per cent, reaching Rs 21,683.2 lakh compared to Rs 5,220.6 lakh in the same period last year. This impressive performance was mirrored in EBITDA, which saw a 420.1 per cent jump to Rs 1,672.8 lakh from Rs 321.6 lakh. Profit after tax (PAT) also witnessed substantial growth, increasing by 616.8 per cent to Rs 798.7 lakh from Rs 111.4 lakh.
Looking at the nine-month performance, the company continued its strong growth trajectory. Total revenue for 9MFY25 reached Rs 52,934.0 lakh, a 142.1 per cent increase from Rs 21,861.0 lakh in 9MFY24. EBITDA also showed significant improvement, rising by 173.1 per cent to Rs 4,455.9 lakh from Rs 1,631.5 lakh. PAT increased by 184.1 per cent to Rs 2,371.9 lakh compared to Rs 834.8 lakh, with margins improving to 4.5 per cent from 3.8 per cent during the same period.
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Additionally, the Board of Directors of the company approved the allotment of 6,00,000 equity shares upon the conversion of 6,00,000 warrants into equity shares. These warrants were part of the 89,00,000 warrants allotted on January 06, 2024. The equity shares, with a face value of Re 1 each, were issued at an issue price of Rs 83.40 per share (including a premium of Rs 82.40 per share) to Promoter-Raman Bhatia and Non-Promoter-Rakhee Mahesh Vaze on a preferential basis. The conversion was based on the receipt of Rs 3,75,30,000 from the allottees, representing 75 per cent of the issue price per warrant, upon exercising their conversion rights following the provisions of SEBI (ICDR) Regulations, 2018.
The company has a market cap of over Rs 3,000 crore. The stock is up by 96.3 per cent from its 52-week low of Rs 73.50 per share. From Rs 1.15 to Rs 144.28 per share, the stock delivered multibagger returns of over 12,000 per cent in 5 years. Investors should keep an eye on this multibagger stock.
Disclaimer: The article is for informational purposes only and not investment advice.