Shakti Pumps (India) has been in focus on Friday. On December 27, 2024, Shakti Pumps share price opened at ₹1,090.00, up from its previous close of ₹1,066.20. At 10:18 AM, the share price of Shakti Pumps was trading at ₹1,119.50, up by 5% on the NSE. Notably, the stock has touched its 52-week high at ₹1,119.50 today.
Earlier this month, Shakti Pumps (India) Limited has made an investment of ₹4 crore in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 4 crore equity shares of face value ₹1 each. SESPL, incorporated on September 6, 2010, reported a turnover of ₹139.59 crores for FY24.
This investment further strengthens the relationship between the parent company and its subsidiary, enhancing SESPL’s operational capacity and growth potential in the market.
In Q2 FY 2025, the company reported significant growth, with revenue from operations increasing by 315.4% YoY to ₹634.6 crores, and a 11.8% QoQ rise from Q1FY25.
EBITDA surged by 878.4% YoY to ₹148.7 crores, while the EBITDA margin improved by 1,349 bps to 23.4%. Profit After Tax (PAT) rose by 1,633.3% YoY to ₹101.4 crores. H1FY25 showed growth, with revenue up 352.2% YoY and PAT up 2,730%.
Shakti Pumps (India) Limited (SPIL), founded in 1982 and later converted into a public company in 1995, specialises in manufacturing solar pumps, energy-efficient stainless-steel submersible pumps, and related components. It is unique in producing a full range of products for solar pump installations, including Variable Frequency Drives, Motors, Inverters, and Structures. The company operates two manufacturing facilities in Pithampur, Madhya Pradesh, with an annual capacity of 5,00,000 pumps and motors.
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Published on: Dec 27, 2024, 1:22 PM IST
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