EV stock jumps after it reports 616.8% YoY increase in net profitsEV stock jumps after it reports 616.8% YoY increase in net profits

Introduction:

Leading EV stock reported an impressive 315% revenue growth for Q3 FY25, reaching ₹21,683.2 lakh. EBITDA surged by 420.1%, and net profit saw a remarkable 616.8% increase, highlighting strong operational performance and market expansion.

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Share price movement of Servotech Renewable:

On January 22, 2025, Servotech Renewable Power System Ltd. opened at ₹160.00, up 1.61% from its previous close of ₹156.04. The stock reached a high of ₹162.40 and a low of ₹152.15. By 10:28 AM, it traded at ₹153.53, a 1.61% decline, with a market cap of ₹3,422.88 crore.

Servotech Renewable Power System Reports Stellar Q3 Growth:

Servotech Renewable Power System Ltd (Formerly known as Servotech Power Systems Ltd) posted a remarkable 315% revenue growth in Q3 FY25, reaching ₹21,683.2 lakh, up from ₹5,220.6 lakh in Q3 FY24. The significant growth underscores the company’s strong market position and expansion.

The company’s EBITDA surged by 420.1% to ₹1,672.8 lakh in Q3 FY25, compared to ₹321.6 lakh in the same quarter last year. Profit Before Tax (PBT) also saw an impressive 590.2% growth, amounting to ₹1,282.5 lakh, reflecting operational efficiency improvements.

Servotech’s Q3 net profit (PAT) jumped by 616.8%, reaching ₹798.7 lakh, compared to ₹111.4 lakh in Q3 FY24. For the nine months ending December 2024, the company saw revenue and profit growth of 142.1% and 184.1%, respectively.

Recent news on Servotech Renewable:

As of December 30, 2024, Servotech Renewable Power System Ltd. secured a ₹31 crore order from UPNEDA to supply, install, and maintain 1,100 grid-connected agriculture pumps with solar power plants, supporting Uttar Pradesh’s renewable energy initiatives.

Ace investor holding in Servotech Renewable:

Mahesh Dinkar Vaze

Mahesh Dinkar Vaze holds a 3.63% stake in Servotech Renewable Power System Ltd, owning 8,100,000 shares valued at ₹124.2 crore. His investment reflects confidence in the company’s growth potential and market position.

Stock performance of Servotech Renewable for Period of 1 week, 6 months and 1 year:

Servotech Renewable Power System Ltd has shown impressive performance, with a 7.02% return over the past week, 28% over six months, and a remarkable 94.8% return over the past year, highlighting its strong growth and investor confidence.

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Shareholding pattern of Servotech Renewable:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	59.20%	59.30%	59.70%
FII	2.80%	6.00%	5.50%
DII	0.00%	0.00%	0.00%
Public	38%	35%	35%

About Servotech Renewable:

Servotech Renewable Power System Limited (NSE: SERVOTECH) is a leading provider of tech-enabled EV charging solutions, offering AC and DC chargers for commercial and domestic use, with over two decades of experience in advancing India’s EV tech infrastructure.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.