Servotech Renewable Power System Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Servotech Renewable Power System Ltd reported a 8.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 315.3%.
- Its expenses for the quarter were up by 10.4% QoQ and 305.2% YoY.
- The net profit decreased 29.0% QoQ and increased 619.8% YoY.
- The earnings per share (EPS) of Servotech Renewable Power System Ltd stood at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 216.83 | 200.07 | 52.21 | 8.4% | 315.3% |
Total Expenses | 204.00 | 184.75 | 50.35 | 10.4% | 305.2% |
Profit Before Tax | 12.82 | 15.33 | 1.86 | -16.4% | 589.2% |
Tax | 4.84 | 4.09 | 0.74 | 18.3% | 554.1% |
Profit After Tax | 7.99 | 11.25 | 1.11 | -29.0% | 619.8% |
Earnings Per Share | 0.40 | 0.50 | 0.10 | -20.0% | 300.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Servotech Renewable Power System Ltd is a company that operates in the renewable energy sector. The company is primarily engaged in the development and manufacture of solar energy products and solutions. These include solar panels, inverters, and other renewable energy systems designed to harness solar power efficiently. As a player in the renewable energy industry, Servotech focuses on sustainable energy solutions, seeking to contribute to the global transition towards cleaner energy sources. Recent major developments for companies in this sector generally involve advancements in technology, strategic partnerships, and expansion into new markets. However, specific recent developments for Servotech Renewable Power System Ltd are not available.
Revenue
In Q3FY25, Servotech Renewable Power System Ltd reported a total income of ₹216.83 crores, representing an 8.4% increase from the previous quarter (Q2FY25), where the total income was ₹200.07 crores. On a year-over-year basis, the total income showed a substantial increase of 315.3% compared to Q3FY24, when the total income stood at ₹52.21 crores. This marked growth in revenue highlights the company's expansion and increased market presence within the renewable energy sector over the past year. The quarter-over-quarter and year-over-year changes in total income are indicative of the company's operational scale-up and possibly increased demand for its products and services during the reporting period.
Profitability
During Q3FY25, the company recorded a Profit Before Tax (PBT) of ₹12.82 crores, which is a decrease of 16.4% compared to the previous quarter's PBT of ₹15.33 crores. However, on a year-over-year basis, there was a significant increase of 589.2% from Q3FY24 when the PBT was ₹1.86 crores. The Profit After Tax (PAT) for Q3FY25 was ₹7.99 crores, which also represented a decrease from the previous quarter's PAT of ₹11.25 crores, a decline of 29.0%. Yet, compared to Q3FY24, this was a remarkable increase of 619.8% from a PAT of ₹1.11 crores. The Earnings Per Share (EPS) for Q3FY25 was ₹0.40, down from ₹0.50 in Q2FY25, marking a 20.0% quarter-over-quarter decline, but an increase of 300.0% from the previous year's Q3FY24 EPS of ₹0.10.
Operating Metrics
The total expenses for Q3FY25 were ₹204.00 crores, up by 10.4% from ₹184.75 crores in Q2FY25. Year-over-year, total expenses increased significantly by 305.2% from ₹50.35 crores in Q3FY24. The tax expense for Q3FY25 was ₹4.84 crores, which was 18.3% higher than the tax amount of ₹4.09 crores recorded in Q2FY25, and 554.1% higher than the ₹0.74 crores recorded in Q3FY24. These metrics indicate substantial increases in operational costs and tax liabilities, corresponding with the increased scale of operations in the current period. The financial data reflects the company's growing operational scale and the associated increase in financial obligations over the last year.
