Servotech Renewable Power System Limited for Q3FY25 Reports Consolidated 315% Revenue Growth & Registers 616.8% Increase in Profits

The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 73.09 per share.

Servotech Renewable Power System Ltd, India’s largest manufacturer of Electric Vehicle (EV) chargers, and a leading provider of Solar solutions, EV Charger components and Power-Backup solutions, presented its quarterly financial results for the quarter and nine months ended December 31, 2024:

FINANCIAL HIGHLIGHTS

• Total Revenue witnessed stellar growth of 315.3 per cent in Q3FY25 to Rs 21,683.2 lakh from Rs 5,220.6 lakh in Q3FY24.
• EBITDA increased by 420.1 per cent from Rs 321.6 lakh in Q3FY24 to Rs 1,672.8 lakh in Q3FY25.
• PBT stood at Rs 1,282.5 lakh in Q3FY25, compared to Rs 185.8 lakh in Q3FY24, witnessing a growth of 590.2 per cent.
• PAT stood at Rs 798.7 lakh in Q3FY25, compared to Rs 111.4 lakh in Q3FY24, witnessing a growth of 616.8 per cent.
• In terms of 9M performance, total revenue increased by 142.1 per cent and stood at Rs 52,934.0 lakh in 9MFY25 compared to Rs 21861.0 lakh in 9MFY24.
• EBITDA increased by 173.1 per cent from Rs 1,631.5 lakh in 9MFY24 to Rs 4,455.9 lakh in 9MFY25.
• PAT increased by 184.1 per cent and stood at Rs 2,371.9 lakh in 9MFY25 compared to Rs 834.8 lakh in 9MFY24, margins improved to 4.5 per cent from 3.8 per cent during the same period.

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.

Commenting upon the results, Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. (Formerly known as Servotech Power Systems Ltd.) said, "The quarter experienced stellar growth, fuelled by our unwavering commitment to delivering cutting-edge, technology-driven solutions in electric vehicles and solar energy. As a market leader in India's EV charging sector, currently holding a 35-40 per cent market share, we are strategically positioned to capture 50-55 per cent by manufacturing 12,000 DC fast chargers in FY25, meeting the rapidly surging demand for EV infrastructure. EV chargers are projected to constitute 70-75 per cent of our total revenue, with solar products contributing the remaining portion. This dual-pronged focus on innovation reflects our dedication to creating long-term value for our stakeholders while simultaneously contributing to a sustainable future. The trust and enthusiasm of our customers and shareholders inspire us to push boundaries and set higher benchmarks. We are optimistic about the future and committed to driving growth and establishing ourselves as a global leader in renewable energy and smart energy solutions."

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.

On Wednesday, shares of Servotech Power Systems Ltd gained 4.07 per cent to an intraday high of Rs 162.40 per share from its previous closing of Rs 156.04 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share.

The company has a market cap of over Rs 3,500 crore. The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 73.09 per share. From Re 0.90 to Rs 163.85 per share, the stock delivered multibagger returns of over 18,000 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.