Mumbai, May 7 -- Servotech Renewable Power System, India's largest manufacturer of Electric Vehicle (EV) chargers, and a leading provider of Solar solutions, EV Charger components and Power-Backup solutions, today announced its financial results for the Q4 and Full Year ended March 31, 2025 at its Board of Directors meeting on May 6, 2025.
In addition to strong financial performance, the company continued to make significant operational improvements. The average debtor cycle improved to 86 days in FY25, reflecting tighter credit control and improved collections. Inventory turnover ratio also improved, with the inventory holding period reduced to approximately 35 days in FY25. This improvement was achieved through optimized procurement and production planning, reducing inventory holding costs and ensuring faster fulfillment of orders. These steps align with Servotech's strategic priorities to maintain a lean and responsive supply chain while sustaining growth momentum.
Commenting upon the results, Raman Bhatia, Managing Director, Servotech Renewable Power System 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."
Published by HT Digital Content Services with permission from Construction World.