Servotech Power Systems Q1 Profit Up 9% to Rs 4.48 cr | Business News
By Rediff Money Desk, New Delhi Jul 31, 2024 13:12
Servotech Power Systems Ltd reported a 9% rise in consolidated profit after tax at Rs 4.48 crore for the June quarter FY25, driven by higher revenues. The company's total revenues increased to Rs 112.44 crore.
New Delhi, Jul 31 (PTI) Servotech Power Systems Ltd on Wednesday reported 9 per cent rise in consolidated profit after tax at Rs 4.48 crore for June quarter FY25 on account of higher revenues.
It had clocked Rs 4.10 crore profit after tax (PAT) during April-June FY24, the company said in a statement.
Total revenues increased to Rs 112.44 crore from Rs 79.81 crore in the same quarter a year ago.
On a standalone basis, the company registered a PAT of Rs 4.74 crore, 18 per cent higher as against Rs 4.04 crore in April-June period of last financial year.
Revenues rose 43 per cent to Rs 97.75 crore from Rs 68.39 crore in Q1 FY24.
"We got outstanding results in Q1FY25. We are also expanding our sales and marketing efforts. We are excited about the future of our company. With the Safiabad plant set to become fully operational soon, we will be able to significantly increase our production capacity to meet the growing demand of our products," Founder and Managing Director Raman Bhatia said.
NSE-listed Servotech Power Systems is a leading manufacturer of electric vehicle (EV) chargers, solar solutions, and power-backup solutions.
It had clocked Rs 4.10 crore profit after tax (PAT) during April-June FY24, the company said in a statement.
Total revenues increased to Rs 112.44 crore from Rs 79.81 crore in the same quarter a year ago.
On a standalone basis, the company registered a PAT of Rs 4.74 crore, 18 per cent higher as against Rs 4.04 crore in April-June period of last financial year.
Revenues rose 43 per cent to Rs 97.75 crore from Rs 68.39 crore in Q1 FY24.
"We got outstanding results in Q1FY25. We are also expanding our sales and marketing efforts. We are excited about the future of our company. With the Safiabad plant set to become fully operational soon, we will be able to significantly increase our production capacity to meet the growing demand of our products," Founder and Managing Director Raman Bhatia said.
NSE-listed Servotech Power Systems is a leading manufacturer of electric vehicle (EV) chargers, solar solutions, and power-backup solutions.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 6.92 ( -2.67)
- 72059799
- Srestha Finvest
- 0.62 ( 0.00)
- 44282249
- Suzlon Energy Ltd.
- 65.46 (+ 4.99)
- 29304981
- Standard Capital
- 1.00 ( -2.91)
- 19038103
- AvanceTechnologies
- 0.95 ( 0.00)
- 17869009
MORE NEWS
EPFO UAN Activation Mandatory for ELI Scheme...
The Ministry of Labour & Employment has directed EPFO to ensure all employee...
CEA: Weak Currency No Substitute for...
India's Chief Economic Advisor urges businesses to focus on productivity and R&D...
Cybersecurity Budget to Rise in India: PwC Report
93% of Indian executives expect increased cybersecurity budgets in 2024, driven by...