Shakti Pumps Share Price Hits 52-Week High on December 17

Shakti Pumps (India) Limited has been in focus on Tuesday. On December 17, 2024, Shakti Pumps share price opened at ₹984.00, up from its previous close of ₹944.30. At 11:12 AM, the share price of Shakti Pumps was trading at ₹974.50, up by 3.20% on the NSE. Notably, the stock touched its 52-week high at ₹984.00 today. The market cap of the company was ₹11,714.52 crore.

Latest Developments

Looking at the recent developments, the company has made a strategic investment of ₹4 crore in its subsidiary, Shakti Energy Solutions Private Limited, by acquiring 4 crore equity shares of ₹1 each.

Additionally, in the last week, it received a Letter of Empanelment from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 25,000 standalone off-grid solar water pumping systems (SPWPS) under the Magel Tyala Saur Krushi Pump Scheme. The total value of this order is ₹754.30 crore, and the company expects to fulfil these orders over the next year with a 60-day timeline for execution per work order.

Q2 and H1 FY 2025 Financial Highlights

In terms of financial performance, the company saw significant growth in Q2FY25, with revenue rising to ₹635 crore from ₹152.8 crore in Q2FY24. Profit After Tax (PAT) also surged to ₹101 crore, compared to ₹5.9 crore in the same quarter of the previous year.

For the first half of FY25, revenue stood at ₹1,202 crore, a substantial increase from ₹265.8 crore in H1FY24, while PAT reached ₹194 crore, up from ₹6.9 crore.

About Shakti Pumps (India) Limited (SPIL)

SPIL was founded in 1982 as a partnership firm and later converted to a public limited company in 1995. The company is involved in the manufacturing of solar pumps, pump motors, pressure booster pumps, energy-efficient stainless-steel submersible pumps, and other products.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.