Latest News | Shakti Pumps Posts 23 Pc Growth in Profit to Rs 110 Cr in Q4
Get latest articles and stories on Latest News at LatestLY. Solar pumps maker Shakti Pumps (India) on Saturday posted around 23 per cent growth in profit to Rs 110.23 crore in the March quarter, driven by higher income.
New Delhi, May 10 (PTI) Solar pumps maker Shakti Pumps (India) on Saturday posted around 23 per cent growth in profit to Rs 110.23 crore in the March quarter, driven by higher income.
It had reported Rs 89.67 crore profit in the January-March period of the 2023-24 fiscal year, the company said in an exchange filing.
The company's total income rose to Rs 669.76 crore from Rs 610.13 crore in the fourth quarter a year ago.
The company's Chairman Dinesh Patidar said, "We reported our highest-ever revenue of Rs 25,162 million (Rs 2,516.2 crore) in FY25, which surged by 83.6 per cent YoY, while PAT grew exceptionally by 188.2 per cent to Rs 4,084 million (Rs 408.4 crore).
"This impressive topline growth was driven by strong performances in both our domestic and export businesses, with profitability and margins further bolstered by our unwavering focus on operational efficiencies."
"Our strong position in regions such as the US, Africa, Asia, and the Middle East ensures that this business remains stable and sustainable," he said.
"We are confident that our strong presence and market share in these states will enable us to secure significant new orders," Patidar said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)