FIIs bought 9,28,856 shares in January 2025: EV charger manufacturer & Solar solutions provider reports stellar results; PAT jumps over 600% in Q3FY25
The stock is up over 60 per cent from its 52-week low of Rs 73.50 per share and delivered multibagger returns of over 9,000 per cent in 5 years.
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.
In the third quarter of FY25, the company demonstrated remarkable financial growth. Total revenue increased by 315.3 per cent to Rs 21,683.2 lakh from Rs 5,220.6 lakh in the same quarter last year. EBITDA also showed impressive growth, rising by 420.1 per cent to Rs 1,672.8 lakh from Rs 321.6 lakh. Additionally, profit after tax (PAT) increased significantly by 616.8 per cent to Rs 798.7 lakh from Rs 111.4 lakh.
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The company's strong growth continued through the first nine months of the fiscal year. Revenue reached Rs 52,934.0 lakh in 9MFY25, up 142.1 per cent from Rs 21,861.0 lakh in 9MFY24. EBITDA saw a significant 173.1 per cent increase, rising to Rs 4,455.9 lakh from Rs 1,631.5 lakh. Profit after tax (PAT) also grew substantially, increasing by 184.1 per cent to Rs 2,371.9 lakh from Rs 834.8 lakh, with margins improving from 3.8 per cent to 4.5 per cent.
In January 2025, FIIs bought 9,28,856 shares and increased their stake to 3.10 per cent compared to December 2024. The company has delivered good profit growth of 30 CAGR over the last 5 years and its median sales growth is 22.5 per cent over the last 10 years with a market cap of over Rs 2,700 crore. The stock is up over 60 per cent from its 52-week low of Rs 73.50 per share and delivered multibagger returns of over 9,000 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.