New Delhi, Jan 21 (PTI) Servotech Renewable Power System on Tuesday reported a manifold rise in its consolidated net profit to nearly Rs 8 crore in the December quarter, pushed by higher revenues.

It had posted a net profit of Rs 1.11 crore during the October-December period of 2023-24 financial year, the company said in an exchange filing.

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The company's total revenue rose over four-fold to Rs 216.83 crore from Rs 52.20 crore a year ago.

Expenses too jumped to Rs 204 crore against Rs 50.34 crore in the same period of the preceding fiscal.

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Servotech Renewable Power System is a leader in tech-enabled EV charging and solar 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)