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Servotech Power Systems Ltd Q1FY24; 1051% rise in Profits

Servotech Power Systems, incorporated in 1998, is engaged in manufacturing LED lighting solutions, UPS (uninterruptible power supply) systems, inverters, and batteries.

Financial Results:

Servotech Power Systems Ltd reported Revenues for Q1FY24 of ₹68.14 Crores up from ₹30.15 Crore year on year, a rise of 126.0%.

Total Expenses for Q1FY24 of ₹63.00 Crores up from ₹29.88 Crores year on year, a rise of 110.84%.

Consolidated Net Profit of ₹4.03 Crores up 1051.43% from ₹0.35 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.38, up 850.00% from ₹0.04 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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