New Delhi, Feb 2 (PTI) Servotech Power Systems posted a consolidated net profit of Rs 1.07 crore in the December quarter, up from Rs 85.97 lakh in the same period a year ago.

Total consolidated income of the company rose to Rs 41.42 crore in the quarter ended on December 31, 2021 from Rs 25.03 crore in the same period a year ago, a NSE filing stated.

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Commenting on the results, Servotech Power Systems Ltd. Managing Director Raman Bhatia in a statement said, “The drastic rise in our revenue and profit highlights the growing demand for our brilliant range of products and solutions."

Servotech Power Systems Ltd is a leading manufacturer of solar, LED, medical grade products and EV chargers.

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(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)