Shakti Pumps Share Price Rose 5%; Record Date for 5:1 Bonus Share Issue is November 25, 2024

Shakti Pumps garnered investor attention on Monday, November 25, 2024, as it began trading on an ex-bonus basis.

This follows the company’s announcement of a 5:1 bonus share issue, where shareholders will receive 5 additional shares for every 1 share held. The record date for determining eligible shareholders for the bonus issue was set as November 25, 2024, aligning with the ex-date for this corporate action. This means that investors who purchased shares at least one day before the ex-date, November 22, 2024, are entitled to receive the bonus shares.

Shakti Pumps had earlier informed the market on October 7, 2024, and November 11, 2024, regarding the approval for the bonus share issuance. The company’s last bonus share issue took place in 2011, where shareholders received one additional share for every share held. With this new 5:1 issue, Shakti Pumps is aiming to reward its shareholders and further improve liquidity in the market.

Shakti Pumps Share Price

On November 25, 2024, Shakti Pumps share price opened at ₹826.75. At 11:20 AM, the share price of Shakti Pumps was trading at ₹826.75, up by 5%.

Q2 FY25 Financial Highlights

In its Q2 FY25 results, Shakti Pumps reported growth in its financial performance. The company’s revenue from operations surged to ₹634.6 crore, a rise from ₹152.8 crore in the same quarter of the previous year (Q2FY24). EBITDA also showed an increase, reaching ₹148.7 crore, compared to ₹15.2 crore in Q2FY24, marking a rise in profitability. This was complemented by a notable improvement in EBITDA margins, which expanded to 23.4% in Q2FY25 from just 10.0% in Q2FY24, driven by higher order execution and economies of scale.

Furthermore, Shakti Pumps posted a PAT of ₹101.4 crore in Q2FY25, a sharp increase from ₹5.9 crore in Q2FY24, resulting in a PAT margin of 16.0%, up from 3.8% in the previous year.

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