Press Release - February 02, 2022
New Delhi: Servotech Power Systems Ltd (NSE: SERVOTECH), a leading manufacturer of Solar, LED, Medical Grade products and EV Chargers announced their Quarterly financial results ended as on 31st Dec 2021 in their Board of Directors meeting held on 01st Feb 2022, the company.
Servotech Power Systems Ltd. generated a revenue of Rs. 4142.93 Lacs in the quarter ended 31st Dec, 2021 as against Rs 2503.97 Lacs in the same period last fiscal, registering a growth of 65%. The company delivered a profit of Rs. 107.27 Lacs and as against Rs 85.97 Lacs in the same period last fiscal, registering a growth of 25%.
Servotech Power Systems Ltd. generated a revenue of Rs. 9314.67 Lacs in the Nine Month ended 31st Dec, 2021 as against Rs. 4216.37 Lacs in the Nine Month ended 31st Dec, 2020, registering a growth of 121%. The company delivered a profit of Rs. 275.10 Lacs and as against loss of Rs. (87.07) Lacs in the Nine Month ended 31 Dec, 2020, registering a growth of 416%.
Commenting on the results, Servotech Power Systems Ltd. Managing Director Raman Bhatia said, “The drastic rise in our revenue and profit highlights the growing demand for our brilliant range of products and solutions. With a strong inclination and focus on catering to our society, we aim to develop solutions that could bring a positive change and drives our nation towards a sustainable future.
From solar and EV charging equipment to energy efficient LEDs, oxygen concentrators to UV-C healthcare devices, we strive to introduce the most advanced and innovative products that helps all lead a better, happier and safer lifestyle.”
Servotech Power Systems is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. With our comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure. A trusted brand with a strong pan-India presence, our legacy is marked by proven innovation and distribution of high-end LED lighting and UV-C disinfection products, along with medical-grade oxygen concentrators and its makings.
For more information, please visit: https://www.servotech.in
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