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 ...
The uptick in Shakti Pumps share price came after the company announced the additional tie-up for DCR cell-based Solar Module for FY 2025-26
Shakti Pumps shares locked in 5 per cent upper circuit at Rs 1,337.85, also its new high on the BSE, after its board approved raising Rs 400 crore by way of a qualified institutions placement issue
63 Moons, Mercury Ev-Tech, Axiscades, JSW Holdings, Indo Tech Transformers, Zaggle, Motisons, Sunflag Iron and EPACK Durable from the BSE Smallcap index were locked at 5% upper limit on Wednesday.
Shakti Pumps has zoomed nearly 550% thus far in 2024, while Kirloskar Pneumatic Company has soared over 150%. Here are the key levels to track as per technical charts in compressors & pumps shares.
The rise in the Shakti Pumps share price came after the company announced that its board of directors will meet on January 7, 2025, to consider and approve fundraising via QIP
Shakti Pumps (India) share price: The company is said to be the biggest beneficiary under the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) scheme
Shares of Shakti Pumps (India) hit a new high of Rs 1,010, gaining 5 per cent on the BSE in Tuesday's intra-day trade on healthy business outlook.