EV charging infrastructure company received an order worth Rs 1,62,00,000 from Bengaluru International Airport Ltd
The stock is up over 70 per cent from its 52-week low of Rs 86.10 per share and delivered multibagger returns of over 10,000 per cent in 5 years.
Servotech Power Systems Limited received an order from Bengaluru International Airport Limited (BIAL) to install an EV charging station with 10 ultra-fast DC EV chargers of 240 kW each at Kempegowda International Airport, Bengaluru, for airside EV operations. The total consideration for this order is Rs 1,62,00,000. This project, awarded by a domestic entity, involves the supply, erection, testing, and commissioning of the EV charging station, ensuring seamless operation and energy efficiency. The order is to be executed within 75 days from the date of the Purchase Order, under General Contract Conditions.
This state-of-the-art charging hub will feature 10 ultra-fast DC EV chargers of 240 kW each, resulting in a combined installed capacity of 2.4 MW. This makes it the first and largest EV charging hub of its kind for airside EV operations at an Indian airport, aiming to facilitate fast turnaround times and significantly enhance the airport’s e-transport operational efficiency. The charging station will be strategically located within the airport premises to charge electric buses used for passenger transport between terminals and aircraft, facilitating 24/7 airside EV operations and contributing to the reduction of the airport’s transport carbon emissions. Beyond installation, Servotech Power Systems Limited will oversee the supply, erection, testing, commissioning, and 5-year maintenance of the EV charging station, reinforcing Karnataka’s vision to become a carbon-negative state.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
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 over 70 per cent from its 52-week low of Rs 86.10 per share and delivered multibagger returns of over 10,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.