{"id":575400,"date":"2023-05-09T09:45:24","date_gmt":"2023-05-09T04:15:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=575400"},"modified":"2023-05-09T10:26:31","modified_gmt":"2023-05-09T04:56:31","slug":"servotech-power-systems-q4-profit-jumps-multi-fold-to-rs-6-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/servotech-power-systems-q4-profit-jumps-multi-fold-to-rs-6-crore\/","title":{"rendered":"Servotech Power Systems&#8217; Q4 profit jumps multi-fold to Rs 6 crore"},"content":{"rendered":"<p>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.<\/p>\n<p>In the year-ago period, it logged a profit of Rs 1.3 crore, a company statement said.<\/p>\n<p>Total revenue rose to Rs 120 crore from Rs 51.10 crore in the same period a year ago.<\/p>\n<p>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.<\/p>\n<p>&#8220;We witnessed robust growth during financial year 2023, led by launch of innovative tech-enabled solutions in the EV and solar space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. &#8220;We [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-575400","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/575400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=575400"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/575400\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=575400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=575400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=575400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}