The shares of the renewable energy solution provider hit 20 percent upper circuit in today’s trading session after Errol Musk is expected to provide strategic advisory support to the company’s solar and EV charging division.
With a market capitalization of Rs 3,256.91 crore, the shares of Servotech Renewable Power System Ltd were trading at Rs 144.98 per share, increasing around 17.54 percent as compared to the previous closing price of Rs 123.34 apiece.
The shares of Servotech Renewable Power System Ltd have seen positive movement after Errol Musk is expected to offer strategic advisory support to its solar and EV charging division. This collaboration aims to drive innovation and build a sustainable, green future through a potential strategic partnership.
Furthermore, Errol Musk has joined Servotech’s global advisory board to support its mission of advancing EV charging technology. He will visit the company’s manufacturing units in India and engage in roundtable discussions with government officials and investors, contributing strategic insights to the NSE-listed company’s growth and innovation efforts.
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Financial & Operational Highlights
Looking forward to the company’s financial performance, revenue increased by 7 percent from Rs 136 crore in Q4FY24 to Rs 146 crore in Q4FY25. Further, during the same time frame, net profit increased by 123 percent from Rs 3.46 crore to Rs 7.72 crore.
In H1 FY26, the company executed 3-4 large orders (Rs 100 crore each), with a monthly run-rate of Rs 100 crore. The total executable order book is estimated at Rs 300-350 crore, with additional orders in the pipeline and management assuring regular disclosures.
Management remains highly optimistic, especially about solar and international growth, and is confident in sustaining momentum through continued investment in technology, manufacturing, and operations. While cautious on the near-term EV segment due to short-term challenges, they see no fundamental risks and emphasize portfolio balance.
Servotech Power Systems Limited is an India-based company engaged in the end-to-end manufacturing, procurement, and distribution of a range of advanced solar products, medical devices, as well as energy-efficient lighting solutions.
Written by Abhishek Singh
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