Multibagger from its 52-week low: Micro-Cap Stock Skyrockets with Over 350 Per Cent PAT Growth!

The company has entered into a partnership with a Dubai-based entity.

On Monday, one of the Top Gainers on NSE, shares of Servotech Power Systems Ltd zoomed 5 per cent upper circuit to Rs 58.20 per share from its previous closing of Rs 55.45. 

Servotech Power Systems announced its audited financial results for the quarter/year ended March 31, 2023. Details are below:  

Key Financial Highlights Q4FY23- Consolidated:  

· Revenue from the operation stood at Rs 115.31 crore, a growth of 126 per cent QoQ. 

· EBIT stood at Rs 7.73 crore, a growth of 337 per cent QoQ.  

· PAT stood at Rs 6.06 crore, a growth of 362.59 per cent QoQ 

Key Financial Highlights FY23- Consolidated:  

· Revenue from the operation stood at Rs 269.57 crore, a growth of 86 per cent YoY. 

· EBIT stood at Rs 14.44 crore, a growth of 156 per cent YoY.  

· PAT stood at Rs 11.07 crore, a growth of 173 per cent YoY. 

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Previously, The Board of Directors of the Company in December 2022, approved the sub-division/stock split of the existing equity shares. This entails dividing each fully paid-up equity share with a face value of Rs 10 into 5 equity shares with a face value of Rs 2 each. 

Servotech Power Systems, incorporated in 1998, is engaged in manufacturing LED lighting solutions, UPS (uninterruptible power supply) systems, inverters and batteries. The company has entered into a partnership with Dubai-based Al Ansari Motors to provide electric vehicle (EV) charging solutions to the Middle Eastern and African markets. 

The stock gave multibagger returns of 410.53 per cent from its 52-week low of Rs 11.40 per share. Investors should keep an eye on this micro-cap stock.