Elon Musk's Father, Errol Musk is Global Advisor for this EV charging and solar solution provider; Stock rockets 18.4% with heavy volume!
The stock is up 93.3 per cent from its 52-week low of Rs 75.50 per share and delivered multibagger returns of 12,168 per cent in 5 years.
On Tuesday, shares of Servotech Power Systems Ltd jumped 18.4 per cent to Rs 145.99 per share from its previous closing of Rs 123.34 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share.
Global entrepreneur and Servotech Renewable Power System Ltd. Global Advisor, Errol Musk, arrived in India today for a crucial six-day visit. His itinerary focuses on bolstering India's green technology and electric vehicle (EV) charging infrastructure. Highlights include a visit to Servotech's manufacturing plant, a trip to the Ram Mandir, and high-level meetings with government officials and industry leaders. Musk's visit underscores growing international interest in India's rapid advancements in sustainable development and its ambition to become a leader in green technology exports. Tomorrow, June 4, 2025, Mr. Musk is scheduled to visit the Shri Ram Lalla temple in Ayodhya with Servotech's leadership.
"We are incredibly excited to welcome Mr. Errol Musk to India," said Mr. Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. "His profound expertise and global vision as our Global Advisor are invaluable as we drive India's mission to become a powerhouse in green technology and EV charging exports. This visit signifies a major step towards 'Keeping Bharat Ahead' on the global stage."
"It is an immense privilege to be in India and witness its vibrant progress in green technology and sustainable development," stated Mr. Errol Musk. "India's commitment to a cleaner future and its burgeoning EV ecosystem present incredible opportunities. I am eager to contribute to Servotech's vision and explore the potential for India to lead the global green revolution."
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About the Company
Servotech Renewable Power System Limited (Formerly known as Servotech Power Systems Ltd.) is an NSE-listed organisation that develops tech-enabled EV Charging solutions, leveraging its over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers that are compatible with different electric vehicles and serve multiple applications, both commercial and domestic. With our comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure. As a trusted brand with a strong pan-India presence, our legacy is marked by proven innovations and the development of advanced technologies.
In fiscal year 2025, the company demonstrated robust financial performance on a consolidated basis. Total revenue for the full year surged by 91 per cent to Rs 67,680.0 lakh, a significant increase from Rs 35,526.5 lakh in FY24. Concurrently, Profit After Tax (PAT) experienced an impressive 176.5 per cent rise, reaching Rs 3,263.7 lakh in FY25 compared to Rs 1,180.2 lakh in the previous year, with PAT margins improving from 3.3 per cent to 4.8 per cent. The fourth quarter of FY25 also showed positive trends, with total revenue growing by 7.9 per cent to Rs 14,746.0 lakh from Rs 13,665.4 lakh in Q4 FY24, and PAT more than doubling by 123.4 per cent to Rs 771.6 lakh from Rs 345.4 lakh in Q4 FY24.
The company has delivered good profit growth of 108 CAGR over the last 5 years and its median sales growth is 40.4 per cent over the last 10 years with a market cap of over Rs 3,300 crore. The stock is up 93.3 per cent from its 52-week low of Rs 75.50 per share and delivered multibagger returns of 12,168 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.