Shakti Pumps (India) Limited saw a significant 46.7% decrease in its consolidated net profit for the April-June quarter, despite a strong revenue increase. The company’s net profit fell to Rs 51.6 crore from Rs 96.8 crore in the same period last year. Revenue from operations, however, surged by 37.9% to Rs 859 crore.
The company’s operating performance took a hit, with EBITDA dropping by 42.3% to Rs 82.9 crore compared to the previous year. This decline in operating margins led to a sharp contraction in EBITDA margin by 1,340 basis points to 9.7%.
Shakti Pumps’ shares closed 1.61% higher at Rs 552 on Friday. While the stock has shown a 1.71% gain over the past five trading sessions, it has witnessed a 6.61% decline in the last month. Over the last six months, the shares have fallen by 10.95%, and on a year-to-date basis, the stock is down by 25.33%. In the past year, the stock has lost nearly 39.8% of its value.
Founded in 1982 and based in Pithampur, Madhya Pradesh, Shakti Pumps is a prominent manufacturer of energy-efficient solar pumps, submersible pumps, and motors. The company plays a crucial role as a supplier under the government’s PM-KUSUM scheme and exports its products to over 100 countries. Besides its core pumping solutions, Shakti Pumps is diversifying into areas like electric vehicle motors and solar rooftop installations, focusing on energy-efficient technologies supported by a portfolio of more than 120 global patents.
