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Servotech Renewable Power System net profit grows to Rs 8 cr in Dec qtr
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....ervotech Renewable Power System net profit grows to Rs 8 cr in Dec qtr <br>PTI News<br>Dated:- 21-1-2025<br>PTI<BR>New Delhi, Jan 21 (PTI) Servotech Renewable Power System on Tuesday reported a manifo....
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....ld rise in its consolidated net profit to nearly Rs 8 crore in the December quarter, pushed by higher revenues. It had posted a net profit of Rs 1.11 crore during the October-December period of 2023....
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....-24 financial year, the company said in a regulatory filing. The company's total revenue rose over four-fold to Rs 216.83 crore from Rs 52.20 crore a year ago. Expenses too jumped to Rs 204 crore ....
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....against Rs 50.34 crore in the same period of the preceding fiscal. Servotech Renewable Power System is a leader in tech-enabled EV charging and solar solutions. In a separate statement, the compan....
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....y's Managing Director Raman Bhatia said the quarter experienced stellar growth. "As a market leader in India's EV charging sector, currently holding a 35-40 per cent market share, we are strategical....
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....ly positioned to capture 50-55 per cent by manufacturing 12,000 direct current (DC) fast chargers in FY25, meeting the rapidly surging demand for EV infrastructure," he said. EV chargers are project....
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....ed to constitute 70-75 per cent of the company's total revenue, with solar products contributing the remaining portion, Bhatia said. PTI ABI ABI SHW<BR> News - Press release - PIB....