New Delhi, Jul 21 (PTI) 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.

Also Read | Kargil Vijay Diwas 2023: Remembering Brave Kargil War Heroes Whose Great Sacrifice Will Forever Be Etched in Our Hearts and Mind.

The company'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'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.

Also Read | Kargil Vijay Diwas 2023: All You Need To Know About India’s Memorable Victory Over Pakistan in the 1999 Kargil War.

Servotech Power Systems is a leading manufacturer of solar, EV chargers, power-backup and other smart power solutions.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

New Delhi, Jul 21 (PTI) 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.

Also Read | Kargil Vijay Diwas 2023: Remembering Brave Kargil War Heroes Whose Great Sacrifice Will Forever Be Etched in Our Hearts and Mind.

The company'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'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.

Also Read | Kargil Vijay Diwas 2023: All You Need To Know About India’s Memorable Victory Over Pakistan in the 1999 Kargil War.

Servotech Power Systems is a leading manufacturer of solar, EV chargers, power-backup and other smart power solutions.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)