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Servotech's profit after tax surged over 300 per cent on a year-on-year (YoY) basis to Rs 3.12 crore in the September 2023 quarter, while its revenue surged more than 114 per cent to Rs 85.93 crore.
Servotech Power Systems shares surged about 4 per cent to Rs 79.95 on Tuesday, commanding a total market capitalization of close to Rs 1,900 crore.
EMCOR Power Solutions is the Indian business start-up of EMCOR International, a Kuwait-based general trading company, to establish 1000 EV charging stations in India.