Servotech reports Q1 FY25 results: revenue up 41 per cent, net profit grows 9 per cent
Servotech Power Systems Ltd., a leading manufacturer of Electric Vehicle (EV) chargers, solar solutions, and power-backup solutions, has announced its quarterly results. The company’s net profit after tax (PAT) in the first quarter of FY2024-25 was Rs 44.8 million, up from Rs 41.0 million in the same quarter last year.
Key Highlights of the Quarterly Results:
Consolidated Highlights
- Total Revenue: Grew by 41 per cent in Q1 FY25 to Rs 1.12 billion from Rs 798.1 million in Q1 FY24.
- EBITDA: Increased by 20 per cent to Rs 85.4 million from Rs 71.3 million.
- Gross Profit: Rose by 29 per cent to Rs 203.8 million from Rs 157.8 million.
- Profit Before Tax (PBT): Was Rs 61.4 million, up 12 per cent from Rs 54.9 million.
- Net PAT: Stood at Rs 44.9 million, marking a 9 per cent increase from Rs 41.1 million.
Standalone Highlights
- Total Revenue: Grew by 43 per cent in Q1 FY25 to Rs 977.5 million from Rs 683.9 million in Q1 FY24.
- EBITDA: Increased by 25 per cent to Rs 87.0 million from Rs 69.7 million.
- Gross Profit: Rose by 35 per cent to Rs 194.0 million from Rs 143.9 million.
- PBT: Was Rs 63.0 million, up 17 per cent from Rs 53.8 million.
- Net PAT: Stood at INR 47.4 million, marking an 18 per cent increase from Rs 40.3 million.