Categories: Business

Servotech Power’s profit jumps three-fold to over Rs 3 cr in September quarter

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EV charger maker Servotech Energy Programs has reported greater than three-fold enhance in internet revenue the second quarter at Rs 3.12 crore.

The Delhi-based firm has reported a internet revenue of Rs 78 lakh throughout the identical quarter interval of previous 2022-23 fiscal.

The revenue within the quarter was aided by larger revenues, the corporate mentioned in a regulatory submitting on Monday.

The income within the second quarter additionally greater than doubled to Rs 86.59 crore from Rs 40.24 crore in the identical quarter a 12 months in the past.

“Our success might be attributed to our steadfast dedication to delivering cutting-edge, technology-driven options within the fields of electrical autos and photo voltaic vitality,” Servotech Energy Programs Managing Director Raman Bhatia mentioned.

Servotech is a number one producer of photo voltaic, electrical car (EV) chargers, power-backup and different good energy options. The corporate lately signed an settlement with the Uttar Pradesh authorities to arrange an EV charger manufacturing plant within the state at an funding of Rs 300 crore.

Servotech shares closed in inexperienced at Rs 77.25 on NSE throughout Monday’s commerce.

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Amirul

CEO OF THTBITS.com, sharing my insights with people who have the same thoughts gave me the opportunity to express what I believe in and make changes in the world.