17,375 Per cent Multibagger Returns: EV and Solar Infrastructure Company Secures 2 MW On-Grid Solar Power Plant Order from UPNEDA
The company’s shares have delivered an impressive return of over 1,000 per cent in the past 2 years.
Servotech Power Systems Ltd a leading solar solutions manufacturer in India, has secured a 2 MW on-grid solar photovoltaic (PV) power plant order from the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).
Under this contract, Servotech will handle the design, supply, installation, testing, and commissioning of on-grid solar power plants. Additionally, the project scope includes a comprehensive maintenance warranty for five years, covering multiple on-grid solar PV systems ranging from 11 to 100 kW at 67 strategic locations across Uttar Pradesh, supporting the state’s renewable energy objectives.
Commenting on the order, Sarika Bhatia, Director, Servotech Power Systems Ltd. said, we’re pleased to strengthen our efforts with UPNEDA in enhancing green energy access and sustainability for the natives in Uttar Pradesh. The company's proven history of providing exceptional solar solutions has established it as a reliable partner in India's renewable energy market. By leveraging our expertise and innovative solutions, we aim to empower Uttar Pradesh with clean, reliable, and affordable solar energy. This project aligns with our vision of a sustainable future and will contribute to the state's energy security and environmental goals.
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Share Performance
Today, the company’s shares closed at around Rs 184 and the current market capitalization stands at Rs 4,101 crore. Additionally, the shares have delivered an impressive multibagger return of over 145 per cent in the past 1 year only and a 17,375 per cent multibagger in the past 5 years.
Financial Performance
As per the Quarterly Results, in the Q2 FY25, Servotech Power Systems Ltd recorded a revenue of Rs 182 crore compared to Rs 67 crore. It reported an operating profit of Rs 19 crore with a margin of around 10 per cent compared to Rs 5 crore with a margin of 8 per cent in the same quarter last year. The net profit stood at Rs 11 crore compared to Rs 3 crore representing a growth of around 267 per cent YoY.
Disclaimer: The article is for informational purposes only and not investment advice.