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Shakti Pumps
Solar pumps maker Shakti Pumps (India) on Saturday posted around 23 per cent growth in profit to Rs 110.23 crore in the March quarter, driven by higher income. It had reported Rs 89.67 crore profit in the January-March period of the 2023-24 fiscal year, the company said in an exchange filing. The company's total income rose to Rs 669.76 crore from Rs 610.13 crore in the fourth quarter a year ago. The company's Chairman Dinesh Patidar said, "We reported our highest-ever revenue of Rs 25,162 million (Rs 2,516.2 crore) in FY25, which surged by 83.6 per cent YoY, while PAT grew exceptionally by 188.2 per cent to Rs 4,084 million (Rs 408.4 crore). "This impressive topline growth was driven by strong performances in both our domestic and export businesses, with profitability and margins further bolstered by our unwavering focus on operational efficiencies." "Our strong position in regions such as the US, Africa, Asia, and the Middle East ensures that this business remains stable and ...
Shakti Pumps (India) Ltd (SPIL) has reported a multifold jump in consolidated profit after tax in the quarter ended September to Rs 101.4 crore, on account of a surge in revenues. It had posted Rs 6 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in statement issued on Monday. During the second quarter, the company's revenue from operations also rose four-fold to Rs 634.6 crore, from Rs 152.8 crore a year ago. In April-September, the PAT was at Rs 194.1 crore, up from Rs 6.9 crore in the first half of the last financial year. While revenues rose to Rs 1,202.2 crore in the first half from Rs 265.8 crore in the six month period of FY24. The company had an outstanding order book of around Rs 1,800 crore as on September 30, 2024. "We announce another exceptional quarter for our company, showcasing significant revenue expansion and a marked increase in profitability. "These achievements are a direct result of faster executi
Shakti Pumps on Monday said it has posted a manifold jump in its consolidated profit after tax to Rs 92.6 crore during the June 2024 quarter, on the back of higher revenues and healthy order book. It had clocked a Profit After Tax (PAT) of Rs 1 crore in the April-June quarter of the preceding fiscal, the company said in a statement. During the first quarter, the company's revenue from operations rose four-fold to Rs 567.6 crore from Rs 113.1 crore in the year-ago quarter. As of June 2024, the company had an order book of around Rs 2,000 crore, the statement said. "We reported an outstanding start to FY25, with the first quarter demonstrating robust revenue growth and enhanced profitability. Our performance is attributable to the accelerated execution of the existing orders in both domestic and export markets," Shakti Pumps (India) Ltd Chairman Dinesh Patidar said. The improvement in margins was achieved due to a decline in raw material prices, coupled with economies of scale resul
Shakti Pumps on Saturday posted a multifold jump in its consolidated profit after tax to Rs 89.70 crore during the quarter ended March 2024 on the back of higher revenues. It had clocked a net profit after tax (PAT) of Rs 2.2 crore during the fourth quarter of the preceding fiscal, the company said in a statement. During FY24, the company's PAT grew manifold to Rs 141.7 crore from Rs 24.1 crore in FY23. Its revenues surged over three-fold to Rs 609.3 crore from Rs 182.7 crore in the year-ago quarter. In FY24, Shakti Pumps' revenue jumped 41.7 per cent to Rs 1,370.7 crore from Rs 967.7 crore in FY23. Shakti Pumps (India) Limited Chairman Dinesh Patidar said, "FY24 has been a remarkable year for SPIL, as the company delivered its strongest performance ever in terms of revenue and profitability. This is well supported by our outstanding performance in both our government and export businesses, which reported a revenue growth of 52 per cent and 23 per cent YoY, respectively, in FY24".