EV Stock Jumps 5% After PAT Surges 75% in Q1; Can Its Rs.400 Cr Haryana MoU Power Growth?
Bengaluru, July 22 -- Some quarters are just good numbers. Others come with a clear sense of direction attached to them. This looks like the second kind. A renewable energy company built around solar, EV charging, and energy storage has posted one of its stronger quarters in recent memory, and it's doing so while simultaneously locking in the manufacturing capacity it says it will need for what comes next.
With a market capitalization of Rs. 2,281 crore, the shares of Servotech Renewable Power System Limited were trading at Rs. 105 per share; the stock jumped 5 percent after the announcement, and they are trading at a P/E of approximately 61x.
A Strong Start to FY27
On a consolidated basis, revenue for the quarter came in at Rs.216.29 ...
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