Shakti Pumps

Shakti Pumps shares hit 5% upper circuit after bagging Rs 116-cr work order

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 Q2 results: Net profit increases multi-fold to Rs 101 crore

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 shares lock in 5% upper circuit on plans of 5:1 bonus issue

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

Shakti Pumps shares locked in 5% upper circuit on Rs 558 crore-order win

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 Q1 result: Net profit jumps to Rs 93 cr, revenue up four-fold

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 stock locks in 5% upper circuit post robust Q1 earnings

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

This smallcap stock has zoomed 251% against QIP price in less than 4 months

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

Shakti Pumps shares locked in 5% upper circuit on Long term rating upgrade

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

Shakti Pumps Q4 results: PAT surges to Rs 90 cr, revenue jumps 41.7%

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".

Shakti Pumps zooms 20% on Rs 1,603-crore order win from MSEDCL

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

Shakti Pumps zooms 18% on winning Rs 358 cr-order from Haryana government

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

Sensex soars 1,031 pts, ends FY23 0.7% up; Nifty regains 17,350; RIL shines

CLOSING BELL: Nestle India, Infosys and ICICI Bank were the other major gainers among the Sensex 30 on Friday, up over 3 per cent each.

Stocks to watch: RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL

Stocks to watch today: From Reliance Industries to Hero MotoCorp, here are stocks to watch in Friday's trading session

Ind-Ra assigns 'IND A' ratings with stable outlook to Shakti Pumps

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

Stocks to watch: Mindtree, Tata Elxsi, Infosys, ACC, L&T Infotech, Raymond

Stocks to watch today: Tata Elxsi, L&T Infotech will report their June quarter results 2022 on Thursday July 14; Mindtree posted 37.3 per cent rise in net profit to Rs 471.6 crore for Q1FY23.

Shakti Pumps hits 52-week low; plunges 20% in 1-month on growth concerns

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 makes foray into manufacturing of motors, chargers for EVs

Shakti Pumps India manufactures and supplies solar pumps and motorised pumps

Shakti Pumps surges 33% in three days on strong March quarter results

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

Stocks to watch: Tata Motors, Axis Bank, IOC, Minda Corp, Shakti Pumps

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

Pump stocks rally on budgetary sops; Shakti, Roto Pumps zoom 20%

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.