This Multibagger Company that has business in the Clean energy sector is in focus as it received a prestigious order from the Indian Railways for a rooftop solar project for various locations.
Share Price Movement
With a market capitalization of Rs. 2,960 Crore, the stock of Servotech Renewable Power system opened at Rs. 129.80, the same level as yesterday’s close, and after opening, it made a high of Rs. 134.49, up 3.61 percent. Additionally, the Yearly return for the stock is 52 percent, and the past 5-year return is an impressive 5,130 percent.
Order Update
The company has secured a prestigious order worth Rs. 15.89 Crore from Waltair Division, East Coast Railway, for a 4.1 MW on-grid rooftop solar project, which has to be completed in 240 days from the date of acceptance.
Locations for which the order is received are Visakhapatnam, Duvvada-Palasa Main Line, Naupada-Gunupur Branch Line, and Vizianagaram-Rayagada of RV line, and Kottavalasa (Excluding)- Kirandul of KK line and Koraput-Rayagada (excluding) of KR line of Waltair Division.
The Nature of the received Order is Designing, manufacturing, supplying, installing, testing, and commissioning of rooftop on-grid Solar Photovoltaic (PV) plants of varying capacities for various site locations within the Waltair division.
Also read: Tata Group stock jumps 6% after reporting 64% YoY net profit growth in Q4
Financial Highlights
The company reported a 315.88 percent YoY increase in revenue from Rs. 52.01 Crore in Q3FY24 to Rs. 216.30 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 8.32 percent in revenue from Rs. 199.67 Crore in the previous quarter.
Their Net profit saw an increase of 619.81 percent YoY from Rs. 1.11 Crore to Rs. 7.99 Crore for the same period. On a QoQ basis, the company reported a decrease of 28.97 percent in Net profit from Rs. 11.25 Crore in the previous quarter.
About the Company
Headquartered in New Delhi, Servotech Renewable Power Systems is an Indian company engaged in the renewable energy and power electronics sector. It has a strong focus on clean and sustainable technology. Core Business Areas of the company are Solar energy solutions, EV charging Infrastructure, Power Backup & Energy efficiency products, and LED Lighting.
Written By Abhishek Das
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