Servotech Renewable Power Systems Set To Double Revenues in FY25
The company could see its margins be around 9% to 10% in FY25.
Servotech Renewable Power Systems' FY25 revenues could be around Rs 600-650 crore, confirmed Raman Bhatia, Founder & Managing Director To NDTV Profit. Bhatia spoke about how the company expects healthy order book growth, supported for by the government's seriousness towards areas like solar and electric vehicles.
Bhatia also stated that the company's growth could easily allow FY26 revenues to reach the Rs 1000 crore mark.
It is key to note that Servotech Renewable Power Systems' H1FY25 financial results show that the company's revenues, ebitda and net profit numbers already stand higher than what was reported in FY24 as a whole.
Bhatia also told NDTV profit that the company could see its margins be around 9% to 10% in FY25.
Furthermore the company's latest solar product launches are said to contribute to revenues by Q1FY26.
