Servotech generates a turnover of Rs 52.2 Crore | View the most important details here
Total sales showed a percentage increase of 38% to Rs. 21,861.03 Lakhs in 9M FY24 from Rs. 15,866.18 Lakhs in 9M FY23.
Servotech Power Systems has announced its third-quarter and nine-month financial results for the quarter ended December 31, 2023. According to a stock exchange filing, the company has generated a total revenue of Rs 5,220.59 Lakhs in Q3FY24.
Check out the Q3FY24 financial highlights:
Servotech generated a total turnover of Rs. 5,220.59 Lakhs in Q3FY24 compared to Rs. 8,635.70 Lakhs during the third quarter of the previous year.
EBITDA showed Rs. 321.59 Lakhs in Q3FY24 from Rs. 612.11 Lakhs during the third quarter of last year.
PAT amounted to Rs. 111.86 Lakhs in Q3FY24 compared to Rs. 387.42 Lakhs during the previous year.
The gross profit was Rs. 970.86 Lakhs in Q3FY24 compared to Rs. 1,467.39 Lakhs during the third quarter of the previous year.
9-month financial highlights FY24:
- Total sales showed a percentage increase of 38% to Rs. 21,861.03 Lakhs in 9M FY24 from Rs. 15,866.18 Lakhs in 9M FY23.
- EBITDA showed a percentage increase of 65% to Rs. 1631.51 Lakhs in 9M FY24 from Rs. 990.95 Lakhs during the previous year's 9M.
- PAT increased by 66.7% and stood at Rs. 836.08 Lakhs in 9M FY24 from Rs. 501.57 Lakhs in the first nine months of FY23, margins increased to 3.82% from 3.16% in the same period.
- Gross profit showed a percentage increase of 49% to Rs. 3,859.72 Lakhs in 9M FY24 compared to Rs. 2,588.59 Lakhs during the previous year's 9M.