Servotech Power Systems Reports 9% Profit Rise in Q1 FY25

Servotech Power Systems Ltd announced a 9% increase in consolidated profit after tax (PAT) to Rs 4.48 crore for the June quarter of FY25, attributed to higher revenues. Total revenues surged to Rs 112.44 crore from Rs 79.81 crore in the same period last year. On a standalone basis, PAT grew 18% to Rs 4.74 crore with revenues rising 43% to Rs 97.75 crore.

Servotech Power Systems Ltd, on Wednesday, reported a 9% rise in its consolidated profit after tax (PAT) at Rs 4.48 crore for the June quarter of FY25, driven by higher revenues.

In comparison, the company had registered a PAT of Rs 4.10 crore during the April-June quarter of FY24, according to a company statement.

Total revenues for the quarter increased to Rs 112.44 crore, up from Rs 79.81 crore in the same period last year. On a standalone basis, Servotech registered an 18% jump in PAT to Rs 4.74 crore, with revenues rising 43% to Rs 97.75 crore from Rs 68.39 crore in Q1 FY24.

Founder and Managing Director Raman Bhatia expressed optimism, stating, "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 for our products."

NSE-listed Servotech Power Systems is a leading manufacturer of electric vehicle (EV) chargers, solar solutions, and power-backup solutions.

(With inputs from agencies.)