Servotech Power Systems Q2 FY25
In a remarkable turnaround, Servotech Power Systems Q2 FY25 result has been announced, showcasing a substantial increase in its financial performance for the second quarter of FY25, with a consolidated net profit surge of over three-fold to INR 11.24 crore, compared to just INR 3.12 crore during the same period last year, led to an increase in PAT margins from 3.60% to 5.65%. This impressive growth is attributed to a significant rise in total income, which more than doubled to INR 199.67 crore from INR 85.93 crore year-on-year, reflecting the company’s robust operational strategies and market demand for its products.
In the first half of FY25, Servotech recorded a net profit of INR 15.73 crore, doubling from INR 7.23 crore in the previous year. The company’s total sales revenue for the first half reached INR 312.51 crore, significantly up from INR 166.40 crore in the same period last year. The earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a remarkable increase of 267.62%, reaching INR 15.33 crore compared to INR 4.17 crore in Q2 FY24. This growth is attributed to an expanded product lineup that features higher-margin offerings.
Commenting on the results, Mr. Raman Bhatia, Managing Director of the company, expressed optimism about future growth prospects, emphasizing their commitment to innovation and sustainability in energy solutions. The firm’s strategic focus on meeting evolving market demands positions it well for continued expansion in the rapidly growing renewable energy sector.
As Servotech Power Systems continues to capitalize on emerging opportunities within the green technology landscape, investors and stakeholders are keenly watching its performance trajectory amid the increasing global shift towards sustainable energy solutions. Stay tuned with IPO Central for the latest IPO-related news.
