Servotech Power Systems Ltd. (SPSL), a manufacturer of electric vehicle (EV) chargers and solar products, announced that it has incorporated a wholly owned subsidiary under the name of Techbec Green Energy (P) Ltd. for manufacturing and trading of batteries.
Recently, the company also announced stellar earnings for Q1FY24. Its total revenue witnessed stellar growth of 148.9 per cent in Q1FY24 to ₹79.8 crore from ₹32.1 crore in Q1FY23 on year-on-year (YoY) basis, respectively. The EBITDA increased by 415.3 per cent from ₹1.4 crore in Q1FY23 to ₹7.1 crore in Q1FY24.
This story is from the August 14, 2023 edition of Dalal Street Investment Journal.
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This story is from the August 14, 2023 edition of Dalal Street Investment Journal.
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