EV-Charger Manufacturer & Solar Solution Provider-Servotech Reports Impressive Q1FY25 Financial Results, Total Revenue Grows by 41 Per Cent to Rs 11,244 Lakh!

From Rs 2.61 to Rs 120.80 per share, the stock delivered multibagger returns of over 4,500 per cent in 3 years.

Servotech Power Systems Ltd, a prominent manufacturer of Electric Vehicle (EV) chargers, solar solutions, and power-backup solutions, revealed its impressive financial performance for the quarter that ended June 30, 2024, at its Board of Directors meeting on July 30, 2024.

FINANCIAL HIGHLIGHTS

Consolidated

• ● Total Revenue witnessed stellar growth of 41 per cent in Q1FY25 to Rs 11,243.92 lakh from Rs 7,981.35 lakh in Q1FY24.
• ● EBITDA increased by 20 per cent from Rs 712.89 lakh in Q1FY24 to Rs 853.74 lakh in Q1FY25.
• ● Gross Profit increased by 29 per cent from Rs 1,577.52 lakh in Q1FY24 to Rs 2,038.34 lakh in Q1FY25.
• ● PBT stood at Rs 614.47 lakh in Q1FY25, compared to Rs 549.14 lakh in Q1FY24, witnessing a growth of 12 per cent.
• ● Net PAT stood at Rs 448.94 lakh in Q1FY25, compared to Rs 410.97 lakh in Q1FY24, witnessing a growth of 9 per cent.

Standalone

• ● Total Revenue witnessed stellar growth of 43 per cent in Q1FY25 to Rs 9,775.48 lakh from Rs 6,838.98 lakh in Q1FY24.
• ● EBITDA increased by 25 per cent from Rs 696.60 lakh in Q1FY24 to Rs 869.66 lakh in Q1FY25.
• ● Gross Profit increased by 35 per cent from Rs 1,439.27 lakh in Q1FY24 to Rs 1,940.26 lakh in Q1FY25.
• ● PBT stood at Rs 630.44 lakh in Q1FY25, compared to Rs 538.39 lakh in Q1FY24, witnessing a growth of 17 per cent.
• ● Net PAT stood at Rs 474.33 lakh in Q1FY25, compared to Rs 402.93 lakh in Q1FY24, witnessing a growth of 18 per cent.

Earlier, the company secured an additional Rs 20 crore order for 400 DC fast EV chargers from BPCL and other OEMs, increasing its total order from BPCL to 2000 units valued at Rs 140 crore due to timely delivery of the initial 1800 units, Rs 120 crore order where 35 per cent of the chargers have already been dispatched. Meanwhile, INCHARZ and Prateek Group are collaborating to install AC and DC EV charging stations at Prateek's properties, offering charging options for two-wheelers, three-wheelers and four-wheelers to boost India's EV infrastructure.

Today, shares of Servotech Power Systems Ltd gained 1.11 per cent to Rs 120.80 per share from its previous closing of Rs 119.47 per share. The stock’s 52-week high of Rs 129.81 while its 52-week low of Rs 69.50 with a market cap of over Rs 2,600 crore. From Rs 2.61 to Rs 120.80 per share, the stock delivered multibagger returns of over 4,500 per cent in 3 years.

About Servotech Power Systems Ltd

Servotech Power Systems, a trusted brand with a nationwide presence on the NSE, has over 20 years of experience in electronics. They leverage this expertise to design and manufacture cutting-edge AC and DC charging solutions for electric vehicles. Their chargers cater to both commercial and domestic applications, ensuring compatibility with a wide range of EVs. With its comprehensive engineering capabilities, Servotech is positioned to be a key player in building India's EV charging infrastructure. Backed by a history of innovation and advanced technology development, Servotech is committed to shaping the future of e-mobility in India.

In Q1FY25, FIIs bought 70,06,711 shares and increased their stake to 5.53 per cent compared to 2.45 per cent in Q4FY24. Investors should keep an eye on this multibagger EV-charging and solar energy stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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