EV Chargers and Solar Solutions Provider Granted Patent for Breakthrough Peak Shaving Technology
The stock is up over 70 per cent from its 52-week low of Rs 75.50 per share and delivered multibagger returns of over 14,000 per cent in 5 years.
Servotech Renewable Power System Ltd. (NSE: SERVOTECH) (formerly known as Servotech Power Systems Ltd.), a leading provider of EV chargers and solar solutions is pleased to inform its valued customers, shareholders and stakeholders that the company has been granted a patent by the Indian Patent Office for its proprietary innovation titled “System and Method for Peak Shaving”. The patent is effective for a period of 20 years from its original filing date.
This development marks a significant milestone in Servotech’s innovation journey and strengthens its intellectual property portfolio in the energy technology space. The patented solution enables intelligent reduction of peak electricity demand, improving energy efficiency and offering cost-saving benefits to users while contributing to grid stability.
Earlier, the company had secured a significant 2 MW solar rooftop project from North Eastern Railway's Lucknow Division, marking its entry into the railway sector and demonstrating its growing influence in renewable energy. This acquisition, building upon its established partnerships with oil marketing companies and state agencies for solar and EV infrastructure deployment, highlights Servotech's commitment to sustainable development. By expanding its reach into the Indian Railways, Servotech aims to support the sector's sustainability goals, opening new growth opportunities and furthering its vision of contributing to a greener future.
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About the Company
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.
Total revenue increased by 315.3 per cent to Rs 21,683.2 lakh from Rs 5,220.6 lakh in the same quarter last year. Additionally, PAT increased significantly by 616.8 per cent to Rs 798.7 lakh from Rs 111.4 lakh. Revenue reached Rs 52,934.0 lakh in 9MFY25, up 142.1 per cent from Rs 21,861.0 lakh in 9MFY24. PAT also grew substantially, increasing by 184.1 per cent to Rs 2,371.9 lakh from Rs 834.8 lakh in 9MFY25 over 9MFY24.
In January 2025, FIIs bought 9,28,856 shares and increased their stake to 3.10 per cent compared to December 2024. The company has delivered good profit growth of 30 CAGR over the last 5 years, and its median sales growth is 22.5 per cent over the last 10 years with a market cap of over Rs 2,800 crore. The stock is up over 70 per cent from its 52-week low of Rs 75.50 per share and delivered multibagger returns of over 14,000 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.