Solar Solutions Provider Bags Order of Solar Rooftop from North Eastern Railway
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, has announced its successful acquisition of its first solar rooftop order of around 2 MW from North Eastern Railway (NER), Lucknow Division. This achievement underscores Servotech's expertise in providing renewable energy solutions and its commitment to supporting sustainable infrastructure development.
Servotech has established a strong presence in the renewable energy landscape, working closely with major oil marketing companies and state governments, and nodal agencies to deploy solar solutions and EV charging infrastructure across the country. The company is dedicated to innovation and providing sustainable solutions and is now actively expanding its footprint within the Indian Railway sector to contribute its ambitious sustainability goals. This entry into the railway sector opens new avenues for growth and aligns with the company's vision of contributing to a greener future throughout the Indian Railways.
Commenting on the order, Sarika Bhatia, Director, Servotech Renewable Power System Ltd. (formerly known as Servotech Power Systems Ltd.) said, “This first order in the railway sector is a testament to our technological capabilities and our commitment to providing sustainable energy solutions across various industries. We are enthusiastic about the potential opportunities within this sector and are confident in securing further solar projects in the near future. Our expertise will significantly support Indian Railways' green energy initiatives".
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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 2,700 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.