Servotech Power Systems Q1 PAT at ₹4.48 crore

Servotech Power Systems Ltd on Wednesday reported a 9% rise in consolidated profit after tax at ₹4.48 crore for June quarter FY25 on account of higher revenues.

The company stated that it had clocked ₹4.10 crore profit after tax (PAT) during April-June FY24.

Total revenues increased to ₹112.44 crore from ₹79.81 crore in the same quarter a year ago.

On a standalone basis, the company registered a PAT of ₹4.74 crore, 18% higher than ₹4.04 crore in the April-June period of the last financial year.

Revenues rose 43% to ₹97.75 crore from ₹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.