Servotech Renewable Power Q4 Results: Net Profit Jumps 127.11%; Errol Musk Joins The Global Advisory Board

The financial figures for the fourth quarter and full year ending March 31, 2025, have been released by Servotech Renewable Power System Ltd. Servotech Renewable Power System's consolidated net profit increased 127.11% to Rs 7.79 crore in the March 2025 quarter from Rs 3.43 crore in the March 2024 quarter. Compared to Rs 136.17 crore in Q4FY24, sales increased 7.42% to Rs 146.28 crore in Q4FY25. EBITDA increased by 121%, rising from Rs 6.05 crore in Q4 FY24 to Rs 13.38 crore in Q4 FY25 on a consolidated basis.

The net profit for the entire year increased by 178.40% to Rs 32.74 crore in March 2025 compared to Rs 11.76 crore in March 2024. Compared to Rs 353.68 crore in FY24, sales increased 90.69% to Rs 674.44 crore in FY25.

Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. said, "Our journey over the last few quarters has been both exciting and encouraging. We've recorded robust growth, underpinned by our efforts to strengthen India's EV charging infrastructure and expand access to clean solar energy. These results reinforce our position as a frontrunner in the green energy transition and reflect the growing trust in our vision and capabilities."

"As we look to the future, we aim to deepen our impact by ramping up domestic manufacturing, scaling our innovations, and taking our Made in India solutions to international markets. With future-ready products and strategic expansion plans, we are committed to empowering cities, industries, and individuals-driving sustained progress while shaping a cleaner, smarter, and more connected energy ecosystem worldwide," he further added.

Errol Musk, a global business strategist and entrepreneur, was named to the global advisory Board of Servotech Renewable Power System on Monday. According to the information that is currently accessible, Errol Musk is the father of Elon Musk, the billionaire who owns SpaceX, Tesla, and X. Servotech's bold 'Vision 2027' will be achieved with Musk's strategic leadership, positioning the firm as a global leader in sustainable energy solutions.

As of 2:38 p.m. IST on Wednesday, the market capitalization of Servotech Renewable Power System was Rs 2.64KCr, and the company's shares were down 4.59% at Rs 117.70 each.