Servotech Power Systems Q1 Results Live : Servotech Power Systems announced their Q1 results on 30 Jul, 2024, showcasing positive growth in revenue and profit.
The company reported a 41% increase in revenue year-over-year, along with a 9.04% rise in profit compared to the same quarter last year.
However, there was a decline of 17.61% in revenue and a significant 30.66% increase in profit when compared to the previous quarter.
Servotech Power Systems saw a substantial increase of 19.95% in Selling, general & administrative expenses quarter-over-quarter, representing a 53.47% increase year-over-year.
Additionally, the operating income rose by 55.41% sequentially and by 18.66% year-over-year.
The earnings per share (EPS) for Q1 stood at ₹0.2, marking a 2.56% increase from the previous year.
In terms of market performance, Servotech Power Systems delivered a 0.15% return in the last week, 36.59% return in the last 6 months, and a significant 61.45% year-to-date return.
The company currently holds a market capitalization of ₹2758.44 Cr with a 52-week high/low of ₹129.81 & ₹69.5 respectively.
Servotech Power Systems Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|
| Total Revenue | 112.19 | 136.17 | -17.61% | 79.57 | +41% |
| Selling/ General/ Admin Expenses Total | 4.85 | 4.04 | +19.95% | 3.16 | +53.47% |
| Depreciation/ Amortization | 0.96 | 0.86 | +12.52% | 0.71 | +35.99% |
| Total Operating Expense | 104.87 | 131.46 | -20.23% | 73.39 | +42.88% |
| Operating Income | 7.32 | 4.71 | +55.41% | 6.17 | +18.66% |
| Net Income Before Taxes | 6.14 | 4.65 | +32.25% | 5.49 | +11.9% |
| Net Income | 4.48 | 3.43 | +30.66% | 4.1 | +9.04% |
| Diluted Normalized EPS | 0.2 | 0.16 | +25% | 0.2 | +2.56% |
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