The shares of the renewable energy solution provider gained up to 11 percent in today’s trading session after the company secured a prestigious work order from Northeast Frontier Railway.
With a market capitalization of Rs 3,639.25 crore, the shares of Servotech Renewable Power System Ltd were trading at Rs 162.00 per share, increasing around 10 percent as compared to the previous closing price of Rs 147.26 apiece.
The shares of Servotech Renewable Power System Ltd have seen positive movement after securing a prestigious work order from Northeast Frontier Railway for a 7.8 MW grid-connected solar rooftop project by the Rangiya Division of the Northeast Frontier Railway.
This order is valued at Rs. 336 million, which includes a comprehensive 5-year Annual Maintenance Contract (AMC)/Comprehensive Annual Maintenance Contract (CAMC) for various buildings within the Rangiya Division. The project highlights Servotech’s strong capabilities and expanding footprint in India’s renewable energy space, especially in executing large-scale infrastructure and solar initiatives.
Recently, 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.
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.
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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