EV charging infrastructure company-Servotech EV Infra signs MoU with Noida Power Company Ltd
The stock is up 74.22 per cent from its 52-week low of Rs 86.10 per share and delivered multibagger returns of 9,900 per cent in 5 years.
Servotech EV Infra, a subsidiary of Servotech Renewable Power System Ltd, operating under the brand Incharz, has formally signed a Memorandum of Understanding (MoU) with Noida Power Company Limited (NPCL) to significantly expand the Electric Vehicle (EV) charging infrastructure across Greater Noida. This strategic partnership, formalised on June 27, 2025, between Sanket Srivastava, Head, PMS & Sustainability, NPCL, and Prem Prakash, CEO, Incharz, represents a crucial step towards advancing India's clean mobility objectives by establishing accessible and efficient EV charging solutions in key urban areas. Under the terms of this collaboration, both organisations will work in tandem to identify and develop EV charging stations at various high-traffic locations, including corporate buildings, residential societies, commercial complexes, and hospitals. NPCL will leverage its expertise to recommend optimal sites and ensure seamless coordination with DISCOMs, thereby minimising the time and cost associated with infrastructure setup.
As part of the initial phase of their long-term vision to establish Greater Noida as a pioneering EV-ready city, Incharz and NPCL have already successfully installed EV charging stations in two residential societies. At Stellar Jeevan, they have deployed 7.4 kW and 10 kW AC chargers. Concurrently, at Ace Divino, a 40 kW DC charger has been installed alongside a 10 kW AC charger, collectively capable of simultaneously charging three two-wheelers. This foundational work demonstrates the tangible progress of the partnership and sets the stage for extensive future development of EV charging solutions across the region.
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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 74.22 per cent from its 52-week low of Rs 86.10 per share and delivered multibagger returns of 9,900 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.