Clean energy solution provider Servotech Power Systems on Monday posted multi-fold jump in consolidated net profit to Rs 6.05 crore for March quarter 2022-23 on the back of higher revenues.
In the year-ago period, it logged a profit of Rs 1.3 crore, a company statement said.
Total revenue rose to Rs 120 crore from Rs 51.10 crore in the same period a year ago.
In entire fiscal year 2022-23, profit rose to Rs 11.06 crore from Rs 4.05 crore in the pervious year. Total revenue in the fiscal increased to Rs 278.64 crore from Rs 144.25 crore in 2021-22.
“We witnessed robust growth during financial year 2023, led by launch of innovative tech-enabled solutions in the EV and solar space.
