New Delhi, Jul 21 (PTI) Servotech Power Systems on Friday posted a manifold jump in its consolidated net profit to Rs 4.10 crore in the June quarter, boosted by higher revenues.

It had posted a net profit of Rs 35 lakh in the corresponding period last year, the company said in a BSE filing.

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The company's total revenue more than doubled to Rs 79.81 crore from Rs 32.06 crore in the year-ago quarter.

In a statement, Servotech Power Systems Ltd said the margins were supported by strong demand for the company's electric vehicle (EV) products. Additionally, demand for its solar products remained strong due to its functional design, durability, and user-friendly features, it said.

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Servotech Power Systems is a leading manufacturer of solar, EV chargers, power-backup and other smart power solutions.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)