Servotech Renewable Power System Limited for Q3FY25
Servotech Renewable Power System Limited for Q3FY25 reports consolidated 315% revenue growth & registers 616.8% increase in Profits
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 months ended 31st December, 2024 at its Board of Directors meeting on 21st January, 2025.
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FINANCIAL HIGHLIGHTS
Consolidated
- Total Revenue witnessed stellar growth of 315.3% in Q3 FY25 to Rs. 21,683.2 lacs from Rs. 5,220.6 lacs in Q3 FY24
- EBITDA increased by 420.1% from Rs. 321.6 lacs in Q3 FY24 to Rs. 1,672.8 lacs in Q3 FY25
- PBT stood at Rs. 1,282.5 lacs in Q3 FY25, compared to Rs. 185.8 lacs in Q3 FY24, witnessing a growth of 590.2%
- PAT stood at Rs. 798.7 lacs in Q3 FY25, compared to Rs. 111.4 lacs in Q3 FY24, witnessing a growth of 616.8%
- In terms of 9M performance, total revenue increased by 142.1% and stood at Rs. 52,934.0 lacs in 9M FY25 compared to Rs. 21861.0 lacs in 9M FY24
- EBITDA increased by 173.1% from Rs. 1,631.5 lacs in 9M FY24 to Rs. 4,455.9 lacs in 9M FY25
- PAT increased by 184.1% and stood at Rs. 2,371.9 lacs in 9M FY25 compared to Rs. 834.8 lacs in 9M FY24, margins improved to 4.5% from 3.8% during the same period
Standalone
- Total Revenue witnessed stellar growth of 264.8% in Q3 FY25 to Rs. 18,185.7 lacs from Rs. 4,984.5 lacs in Q3 FY24.
- EBITDA increased by 433.0% from Rs. 318.6 lacs in Q3 FY24 to Rs. 1,698.1 lacs in Q3 FY25
- PBT stood at Rs. 1,309.4 lacs in Q3 FY25, compared to Rs. 182.9 lacs in Q3 FY24, witnessing a growth of 616.0%
- PAT stood at Rs. 829.7 lacs in Q3 FY25, compared to Rs. 109.2 lacs in Q3 FY24, witnessing a growth of 659.8%
- In terms of 9M performance, total revenue increased by 148.6% and stood atRs. 46,236.9 lacs in 9M FY25 compared to Rs. 18,601.6 lacs in 9M FY24
- EBITDA increased by 181.8% from Rs. 1,596.7 lacs in 9M FY24 to Rs. 4,499.9 lacs in 9M FY25
- PAT increased by 200.3% and stood at Rs. 2,441.8 lacs in 9M FY25 compared to Rs. 813.0 lacs in 9M FY24, margins improved to 5.3% from 4.4% during the same period
Commenting upon the results, Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. (Formerly known as Servotech Power Systems Ltd.) said, "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'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."
--Press Release Ends—
About Servotech Renewable Power System Limited (Formerly known as Servotech Power Systems Ltd.):
Servotech Renewable Power System Limited (Formerly known as Servotech Power Systems Ltd.) 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 Electric Vehicles 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. As a trusted brand with a strong pan-India presence, our legacy is marked by proven innovations and development of the advanced technologies.
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