1,056 per cent jump in net profit: This multibagger electrical equipment company reports stellar quarterly results and announces stock split!
The stock delivered exceptional returns, with a 310 per cent increase in just 6 months, a 1,300 per cent increase in 1 year, and a staggering 3,700 per cent increase in 3 years.
Servotech Power Systems Ltd a Delhi-based leading green energy solutions provider, has announced its Quarterly Results for the April-June quarter of the financial year 2023-2024. Details below:
According to the quarterly results:
Revenue from Operations grew by 148.34 per cent from Rs 32.04 crore in Q1FY23 to Rs 79.57 crore in Q1FY24.
EBITDA skyrocketed by 415.47 per cent from Rs 1.38 crore in Q1FY23 to Rs 7.13 crore in Q1FY24.
PAT skyrocketed by 1,056.34 per cent from a net profit of Rs 0.36 crore in Q1FY23 to a net profit of Rs 4.10 crore in Q1FY24.
According to the annual results, the net sales increased by 87.63 per cent to Rs 269.57 crore and net profit increased by 173.43 per cent to Rs 11.04 crore in FY23 over FY22.
Additionally, The Board of Directors of the company has approved a sub-division (split) of equity shares of the company having a face value of Rs 2 each (fully paid-up) into 2 equity shares of face value of Rs 1 each (fully paid-up). The company fixed the record date for stock split as Friday, July 28, 2023.
Servotech Power Systems is a Small-Cap company with a market cap of over Rs 1,700 crore. This is the second split, within a year. Earlier in February 2023, the company had split the face value from Rs 10 to Rs 2.
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now
Servotech Power Systems Ltd is engaged in manufacturing LED lighting solutions, UPS (uninterruptible power supply) systems, inverters, and batteries. The company also manufactures and distributes EV charging solutions, solar products and medical devices.
On Monday, one of the top gainers on NSE, shares of Servotech Power Systems jumped 5 per cent upper circuit to Rs 171.65 per share from its previous closing of Rs 163.50 per share.
The stock delivered exceptional returns, with a 310 per cent increase in just 6 months, a 1,300 per cent increase in 1 year, and a staggering 3,700 per cent increase in 3 years. Investors should keep an eye on this multibagger small-cap stock.
Related articles
-
Multibagger stock Servotech Power Systems Ltd is set to trade ex-split on July 28; scrip up 1,400 per cent in just 1 year!
-
Multibagger in just 6 months: Dont miss action in this stock that has announced stock split and dividend!
-
Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20
-
1,389 per cent multibagger returns and promoters bought 3,40,000 shares; Board announced stock split – Record date inside!
-
5:1 stock split & 25,000 per cent returns: Multibagger micro-cap stock hit 20 per cent upper circuit on February 19 – scrip trades at high ROE and high ROCE
-
19,000 per cent returns & PAT zooms over 4,400 per cent: Multibagger micro-cap stock hit 20 per cent upper circuit as it announces stock split – know the record date inside
-
Bonus shares & stock split: Heavy buying in this multibagger micro-cap stock, hitting 10 consecutive upper circuits and 52-week highs!
-
2,180 per cent multibagger returns in this micro-cap stock; Board announces bonus shares & stock split!
-
Multibagger penny stock below Rs 90; Board likely to announce bonus shares and stock split!
-
2:1 Bonus Share & 10:1 Stock Split: 13 consecutive upper circuits in this multibagger penny stock under Rs 5; PAT zooms over 1,200 per cent!
-
978 per cent jump in net profit: Multibagger penny stock under Rs 50 hit upper circuit & 52-week high as it announces stellar quarterly results & stock split!
-
FII bought 75,000 shares of this multibagger stock; Board is likely to announce bonus shares & stock split and company bags new orders worth Rs 16.23 crore from CMSS!
-
10,400 per cent multibagger returns: Board likely to announce bonus shares & stock split; Mukul Agrawal and Madhusudhan Kela collectively bought 50,000 shares!
-
Upper Circuit Alert: Multibagger penny stock below Rs 80 to trade ex-bonus & ex-split on December 29; PAT zooms over 2,500 per cent!
-
Multibagger penny stock under Rs 75 hit back-to-back upper circuits: Board announces bonus shares & stock split; PAT zooms over 2,500 per cent!
-
795 per cent multibagger returns in this micro-cap stock; Board likely to announce bonus shares & stock split!
-
Multibagger in just 6 months & promoters increase stake; Stock hit upper circuits & 52-week highs as company bags new order from a PSU company & announce stock split!
-
Multibagger penny stock under Rs 60 with 4,000 per cent returns: Board announced bonus shares & stock split; scrip hit upper circuit!
-
900 per cent returns: Saint Capital Fund bets on this multibagger micro-cap stock with 5,00,000 warrants allocation; do you own it?
-
2,100 per cent returns: Board announces stock split and reports 275 per cent jump in net profit; stock trades at high ROE & ROCE!