{"id":592795,"date":"2023-07-22T16:00:44","date_gmt":"2023-07-22T10:30:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=592795"},"modified":"2023-07-22T16:00:44","modified_gmt":"2023-07-22T10:30:44","slug":"servotech-power-systems-q1-net-profit-grows-manifold-to-rs-4-10-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/servotech-power-systems-q1-net-profit-grows-manifold-to-rs-4-10-cr\/","title":{"rendered":"Servotech Power Systems Q1 net profit grows manifold to Rs 4.10 cr"},"content":{"rendered":"<p>Servotech Power Systems on Friday posted a manifold jump in its consolidated net profit to Rs 4.10 crore in the June quarter, boosted by higher revenues. It had posted a net profit of Rs 35 lakh in the corresponding period last year, the company said in a BSE filing.<\/p>\n<p>The company&#8217;s total revenue more than doubled to Rs 79.81 crore from Rs 32.06 crore in the year-ago quarter.<\/p>\n<p>In a statement, Servotech Power Systems Ltd said the margins were supported by strong demand for the company&#8217;s electric vehicle (EV) products. Additionally, demand for its solar products remained strong due to its functional design, durability, and user-friendly features, it said.<\/p>\n<p>Servotech Power Systems is a leading manufacturer of solar, EV chargers, power-backup and other smart power solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Servotech Power Systems on Friday posted a manifold jump in its consolidated net profit to Rs 4.10 crore in the June quarter, boosted by higher revenues. It had posted a net profit of Rs 35 lakh in the corresponding period last year, the company said in a BSE filing. The company&#8217;s total revenue more than doubled to Rs 79.81 crore from Rs 32.06 crore in the year-ago quarter. In a statement, Servotech Power Systems Ltd said the margins were supported by strong demand for the company&#8217;s electric vehicle (EV) products. Additionally, demand for its solar products remained strong due to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-592795","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/592795","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=592795"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/592795\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=592795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=592795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=592795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}