Shakti Pumps

The work order is worth Rs 116.36 crore for the supply, installation, and commissioning of solar water pumping systems. The order has to be completed within 120 days from the date of issue of the work

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

Shares of Shakti Pumps were locked in the 5 per cent upper circuit on the BSE after the company announced a 5:1 bonus issue to its existing shareholders on Monday

The uptick in stock price came after the company announced that it has secured Letter of Intent (LoI) for an order worth Rs 558.16 crore from Department of Agriculture, Uttar Pradesh.

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

Shares of Shakti Pumps were locked in a 5 per cent upper circuit at Rs 4,095.10 per share on the BSE in Monday's intraday deals

Shakti Pumps (India) hit a new high of Rs 4,240.80 and has surged 27 per cent in past one week

The uptick in stock price came after the company announced that its Long term rating has been upgraded

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".

The company has received a Letter of Empanelment from MSEDCL for 50,000 Off-Grid SPWPS pumps for the entire state of Maharashtra

The company received its first work order under the KUSUM-3 scheme from Haryana Renewable Energy Department (HAREDA) for 7,781 pumps

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Water pumps company Shakti Pumps on Thursday said it has been assigned 'IND A' ratings by India Ratings and Research (Ind-Ra) with a stable outlook. The Madhya Pradesh-based company is a leader in the manufacturing of energy-efficient pumps and motors, including solar. In a regulatory filing, Shakti Pumps said, "India Ratings and Research (Ind-Ra) has affirmed its bank facilities at 'IND A' with a stable outlook". The rating agency has considered several parameters to assign a positive outlook on it, the filing said. "As per the rating agency, the key rating drivers were (company's) established market position, strong distribution network, diversified revenue portfolio, FY22, steady revenue profile in 9M FY23 (April-December) and robust credit metrics," it said. Dinesh Patidar, Chairman and Managing Director of Shakti Pumps (India) Limited, said the IND A/stable ratings demonstrate the company's focus on balance-sheet growth. Going forward the company aims to maintain its 30-40 pe

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The stock price of the company hit a 52-week low of Rs 473.50 and has almost halved or tanked 48 per cent from its 52-week high of Rs 910 touched on June 8, 2021.

Shakti Pumps India manufactures and supplies solar pumps and motorised pumps

For the entire financial year 2020-21 (FY21), Shakti Pumps posted a consolidated net profit of Rs 75.59 crore as against a net loss of Rs 14.08 crore in FY20

Jindal Stainless Hisar (JSHL) reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, 2021, mainly on account of increased income

While presenting the Budget for 2020-21, Finance Minister Nirmala Sitharaman said that 2 million farmers would be provided funds to set up grid-connected 1.5 million solar pumps.