Servotech Wins Patent For Smart Energy Innovation – A Milestone In Sustainability!

SERVOTECH, a major supplier of EV chargers and solar systems, was recently awarded a "Peak Shaving Method and System" patent by the Indian Patent Office. This award marks an important milestone for the company as it strengthens its energy technology position and adds to its intellectual property assets. The patent will be valid for 20 years from the day of filing.

Servotech's innovation is important for reducing peak electricity demand, which enhances energy efficiency and cost-effectiveness for the consumers as well as stabilizes the grid. This achievement emphasizes Servotech's dedication towards developing new solutions for sustainable energy administration.

Servotech recently won a 2MW solar rooftop project awarded by the Lucknow Division of North Eastern Railway, enabling the firm to make inroads into the railway sector. This contract expands the company's ongoing contracts with oil marketing firms and governmental institutions for solar and EV infrastructure deployment. Servotech is assisting Indian Railways to achieve sustainability goals, which enables the company to grow its market and support the transition to green energy in India.

In Q3 FY25, the company's revenues were Rs 21,683.2 lakh, which marks a 314.8% growth compared to the same quarter last year. Profit After Tax (PAT) for the quarter reached a staggering figure of Rs 798.7 lac, which is an increase of 616.8%, while operational efficiency and market demand are both exceptionally strong.

Servotech reported revenues of Rs 52,934.0 lac during the first nine months of FY25, an increase of 142.1% year-on-year, accompanied by impressive PAT growth of 184.1% to Rs 2,371.9 lac. These figures speak of Servotech's solid business model and ability to harness upcoming challenges within renewable energy.

Servotech shares have outperformed once again over the past 5 years, climbing to a deeply impressive over 14,000%. The current market value is over Rs 2,800 crore. Shares are trading at well over the 52-week low of Rs 75.50 by 70%. Foreign investors' confidence has increased, pushing the stake to 3.10% in January 2025, acquiring 9,28,856 shares.

The company has managed to maintain consistency with a 30% Compound Annual Growth Rate (CAGR) for profits over the past five years and a median sales growth of 22.5% over the last decade.

Servotech Power Systems Ltd is now an EV charging infrastructure & Solar energy solutions listed company on the NSE. With over two decades of experience in Electronics and Energy, Servotech offers a holistic range of AC and DC commercially and residentially applicable EV chargers.

The firm is committed to the promotion of cutting-edge technologies and strategic collaborations to enhance the EV ecosystem and renewable energy adoption in India.