Servotech Surges Ahead: Record Profits and Strategic Growth

Servotech Renewable Power System reported a robust increase in net profit to Rs 7.71 crore for the March quarter, fueled by significant revenue growth. The company's ambitious expansion into India's EV charging infrastructure and solar energy market has solidified its leadership in green energy, further validated by strategic appointments.

Servotech Renewable Power System has reported a remarkable two-fold rise in its net profit, reaching Rs 7.71 crore in the March quarter, driven by substantial revenue growth.

Compared to the Rs 3.45 crore profit in the same period of the previous financial year, the company achieved an 8 percent increase in quarterly revenues, totaling Rs 147.46 crore.

Raman Bhatia, Managing Director, expressed confidence in the robust growth, highlighted by their contributions to India's EV charging infrastructure. The strategic appointment of Errol Musk to the advisory board signifies their global ambitions.

(With inputs from agencies.)