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		<title>Servotech Renewable Power System Limited for Q3FY25 reports consolidated 315% revenue growth &#038; registers 616.8% increase in Profits</title>
		<link>https://newsmantra.in/servotech-renewable-power-system-limited-for-q3fy25-reports-consolidated-315-revenue-growth-registers-616-8-increase-in-profits/</link>
		
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		<pubDate>Wed, 22 Jan 2025 11:54:37 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[electric vehicle]]></category>
		<category><![CDATA[EV chargers]]></category>
		<category><![CDATA[Servotech]]></category>
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					<description><![CDATA[<p>New Delhi, 21st January 2025: Servotech Renewable Power System Ltd. (Formerly known as Servotech Power Systems Ltd.) (NSE: SERVOTECH), India’s largest manufacturer of Electric Vehicle (EV) chargers, and a leading provider of Solar solutions, EV Charger components and Power-Backup solutions, presented its quarterly financial results for the quarter and nine...</p>
<p>The post <a href="https://newsmantra.in/servotech-renewable-power-system-limited-for-q3fy25-reports-consolidated-315-revenue-growth-registers-616-8-increase-in-profits/">Servotech Renewable Power System Limited for Q3FY25 reports consolidated 315% revenue growth &#038; registers 616.8% increase in Profits</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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										<content:encoded><![CDATA[<p><strong>New Delhi, 21<sup>st</sup> January 2025: Servotech Renewable Power System Ltd. </strong>(Formerly known as Servotech Power Systems Ltd.) (NSE: SERVOTECH), India’s largest manufacturer of Electric Vehicle (EV) chargers, and a leading provider of Solar solutions, EV Charger components and Power-Backup solutions, presented its quarterly financial results for the quarter and nine months ended <strong>31<sup>st</sup></strong> <strong>December, 2024</strong> at its Board of Directors meeting on <strong>21<sup>st</sup></strong> <strong>January, 2025</strong>.</p>
<p><strong><u>FINANCIAL HIGHLIGHTS</u></strong></p>
<p><strong>Consolidated</strong></p>
<ul>
<li>Total Revenue witnessed stellar growth of <strong>3%</strong> in Q3 FY25 to <strong>Rs. 21,683.2 lacs</strong> from <strong>Rs. 5,220.6 lacs</strong> in Q3 FY24</li>
<li>EBITDA increased by <strong>1%</strong> from <strong>Rs. 321.6 lacs</strong> in Q3 FY24 to <strong>Rs. 1,672.8 lacs</strong> in Q3 FY25</li>
<li>PBT stood at <strong> 1,282.5 lacs</strong> in Q3 FY25, compared to <strong>Rs. 185.8 lacs</strong> in Q3 FY24, witnessing a growth of <strong>590.2%</strong></li>
<li>PAT stood at <strong> 798.7 lacs</strong> in Q3 FY25, compared to <strong>Rs. 111.4 lacs</strong> in Q3 FY24, witnessing a growth of <strong>616.8%</strong></li>
<li>In terms of 9M performance, total revenue increased by <strong>1%</strong> and stood at <strong>Rs. 52,934.0 lacs</strong> in 9M FY25 compared to <strong>Rs. 21861.0 lacs</strong> in 9M FY24</li>
<li>EBITDA increased by <strong>1%</strong> from <strong>Rs. 1,631.5 lacs</strong> in 9M FY24 to <strong>Rs. 4,455.9 lacs</strong> in 9M FY25</li>
<li>PAT increased by <strong>1%</strong> and stood at <strong>Rs. 2,371.9 lacs</strong> in 9M FY25 compared to <strong>Rs. 834.8 lacs</strong> in 9M FY24, margins improved to <strong>4.5%</strong> from <strong>3.8%</strong> during the same period</li>
</ul>
<p><strong>Standalone</strong></p>
<ul>
<li>Total Revenue witnessed stellar growth of <strong>8%</strong> in Q3 FY25 to <strong>Rs. 18,185.7 lacs</strong> from <strong>Rs. 4,984.5 lacs</strong> in Q3 FY24.</li>
<li>EBITDA increased by<strong>0%</strong> from <strong>Rs. 318.6 lacs</strong> in Q3 FY24 to <strong>Rs. 1,698.1 lacs</strong> in Q3 FY25</li>
<li>PBT stood at <strong> 1,309.4 lacs</strong> in Q3 FY25, compared to <strong>Rs. 182.9 lacs</strong> in Q3 FY24, witnessing a growth of <strong>616.0%</strong></li>
<li>PAT stood at <strong> 829.7 lacs</strong> in Q3 FY25, compared to <strong>Rs. 109.2 lacs</strong> in Q3 FY24, witnessing a growth of <strong>659.8%</strong></li>
<li>In terms of 9M performance, total revenue increased by <strong>6%</strong> and stood at <strong>Rs. 46,236.9 lacs</strong> in 9M FY25 compared to <strong>Rs. 18,601.6 lacs</strong> in 9M FY24</li>
<li>EBITDA increased by <strong>8%</strong> from <strong>Rs. 1,596.7 lacs</strong> in 9M FY24 to <strong>Rs. 4,499.9 lacs</strong> in 9M FY25</li>
<li>PAT increased by <strong>3%</strong> and stood at <strong>Rs. 2,441.8 lacs</strong> in 9M FY25 compared to <strong>Rs. 813.0 lacs</strong> in 9M FY24, margins improved to <strong>5.3%</strong> from <strong>4.4%</strong> during the same period</li>
</ul>
<p>Commenting upon the results, <strong>Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. </strong>(Formerly known as Servotech Power Systems Ltd.) said, &#8220;The quarter experienced stellar growth, fueled by our unwavering commitment to delivering cutting-edge, technology-driven solutions in electric vehicles and solar energy. As a market leader in India&#8217;s EV charging sector, currently holding a 35-40% market share, we are strategically positioned to capture 50-55% by manufacturing 12,000 DC fast chargers in FY25, meeting the rapidly surging demand for EV infrastructure. EV chargers are projected to constitute 70-75% of our total revenue, with solar products contributing the remaining portion. This dual-pronged focus on innovation reflects our dedication to creating long-term value for our stakeholders while simultaneously contributing to a sustainable future. The trust and enthusiasm of our customers and shareholders inspire us to push boundaries and set higher benchmarks. We are optimistic about the future and committed to driving growth and establishing ourselves as a global leader in renewable energy and smart energy solutions.&#8221;</p>
<p>The post <a href="https://newsmantra.in/servotech-renewable-power-system-limited-for-q3fy25-reports-consolidated-315-revenue-growth-registers-616-8-increase-in-profits/">Servotech Renewable Power System Limited for Q3FY25 reports consolidated 315% revenue growth &#038; registers 616.8% increase in Profits</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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