Servotech Renewable Power Systems, known for its leadership in manufacturing EV chargers and solar energy solutions in India, posted impressive financial numbers for the third quarter of FY25. The company’s performance revealed on 21 January 2025, highlights its impressive upward trajectory fueled by technological advancements and a firm commitment to renewable energy.
Servotech Q3 FY25 Results – Key Financial Highlights
Consolidated Performance
- Total Revenue: Servotech’s revenue for Q3 FY25 hit INR 216.83 crore, a remarkable 315.3% increase from INR 52.20 crore in the same quarter of FY24. This surge reflects the company’s robust performance, which has been driven by its focus on green technology and renewable energy.
- EBITDA: Earnings before interest, taxes, depreciation, and amortization soared by 420.1%, reaching INR 16.72 crore compared to INR 3.21 crore last year. This growth points to significant operational efficiency and profitability.
- Profit Before Tax (PBT): PBT also surged by a whopping 590.2%, rising to INR 12.83 crore from INR 1.85 crore in Q3 FY24. The increase signals strong cost control and revenue generation across the business.
- Profit After Tax (PAT): Servotech’s PAT grew by an extraordinary 616.8%, reaching INR 7.98 crore, a massive jump from INR 1.11 crore last year. This is a clear indication that the company’s business model and strategy are paying off.
Nine-Month Performance (April – December 2024)
- Total Revenue: Over the first nine months of FY25, Servotech’s revenue reached INR 529.34 crore, a rise of 142.1% compared to INR 218.61 crore in the same period last year.
- EBITDA: The company’s EBITDA increased by 173.1%, coming in at INR 44.56 crore, up from INR 16.32 crore.
- PAT: Servotech saw an 184.1% increase in PAT, which grew to INR 23.72 crore, up from INR 8.35 crore during the same period in FY24.
Standalone Performance
- Q3 Revenue: Standalone revenue in Q3 FY25 surged by 264.8%, reaching INR 181.86 crore from INR 49.85 crore in Q3 FY24.
- Standalone PAT: Standalone profit after tax shot up by an impressive 659.8%, climbing to INR 8.30 crore from INR 1.09 crore last year.
Strategic Highlights and Growth Drivers
Servotech continues to solidify its position as a leader in India’s EV charging space, commanding a market share between 35-40%. The company has set its sights on increasing this to 50-55% by producing 12,000 DC fast chargers in FY25 alone. As of now, EV chargers contribute the lion’s share—around 70-75%—of Servotech’s revenue, with solar solutions adding the remaining portion.
Raman Bhatia, Servotech’s Managing Director, credited the company’s continued success to its focus on innovative, technology-driven solutions. “Our stellar growth this quarter is a reflection of our ongoing commitment to sustainability and cutting-edge technologies,” Bhatia said. “We’re geared up to lead the charge in India’s transition to green energy while ensuring long-term value for all stakeholders.”
Growing Shareholder Confidence
There’s also good news for investors. Servotech’s promoters are clearly backing the company’s long-term potential. Bhatia converted 5 lakh share warrants into equity, worth INR 3.12 crore. Another major shareholder followed suit, converting 1 lakh warrants into shares valued at INR 62.55 lakh. These moves increased the company’s paid-up capital to INR 22.46 crore from INR 22.40 crore, signalling strong internal confidence in the company’s future.
Conclusion
Servotech Q3 FY25 results demonstrate an amazing growth trajectory and underscore the company’s leadership in renewable energy solutions and EV charging. Servotech is raising the standard for the sector by putting a strong emphasis on innovation, sustainability, and value creation for stakeholders. The company will continue to set the standard for intelligent energy solutions in India, so investors and other stakeholders may anticipate a bright future.
Servotech made its stock market debut on 24 August 2017, with an IPO issue size of INR 15.12 crore. The stock was listed at INR 30.70 per share, reflecting a slight decline of 0.97% from its issue price. Currently, the stock is trading around INR 153 per share, delivering a fivefold return since its listing and earning the status of a multibagger stock.
