Solar Pump stock engaged in the manufacturing and selling of a wide range of pumps, motors, spare parts, and EV components, hit a 5 percent upper circuit in the day’s trade following 1,637 percent jump in Net Profits in Q2FY25.
Price Action
With a market capitalization of Rs. 8,966 Crores, the shares of Shakti Pumps (India) Limited hit a 5 percent upper circuit in the day’s trade at Rs. 4,474.95 per equity share, from its previous day’s close price of Rs. 4,261.90.
Q2FY25 Results
Its Revenue from operations grew by 315 percent YoY from Rs. 152.78 Crores in Q2FY24 to Rs. 634.59 Crores in Q2FY25 and it grew by 12 percent QoQ from Rs. 567.56 Crores in Q1FY25 to Rs. 634.59 Crores in Q2FY25.
Its Net Profit grew by 1637 percent YoY from Rs. 5.84 Crores in Q2FY24 to Rs. 101.42 Crores in Q2FY25 and it grew by 10 percent QoQ from Rs. 92.66 Crores in Q1FY25 to Rs. 101.42 Crores in Q2FY25. Its Net Profit Margin increased from 3.8 percent in Q2FY24 to 15.83 percent in Q2FY25.
Bonus Issue
The Board of Directors of Shakti Pumps (India) Limited has considered and recommended issuing bonus shares of the company in the ratio of 5:1, where 5 equity shares of the company with a face value of Rs. 10 will be issued to every one equity share held by the eligible shareholders as on the record date.
About the Company
Shakti Pumps (India) Limited is engaged in the manufacturing and selling of a wide range of pumps, motors, and spare parts. Its products include submersible pumps, pressure booster pumps, open well pumps, and many more with solar-powered pumps being its core business driver.
Shakti Pumps (India) Limited has a pan-India presence with 500+ dealers, 1200+ product variants, and 400+ service centers. It holds a dominant position with more than ~25 percent market Share in the domestic solar Pump Market under the PM KUSUM scheme. As of September 30, 2024, it has a strong order book of ~Rs. 1,800 Crores.
Shakti Pumps (India) Limited has entered into Electric Vehicle segments through its wholly-owned subsidiary Shakti EV Mobility engaged in the manufacturing and sale of EV motors, charging stations, battery management systems, electric control panels, smart electric control panels, VFDs, and other items
Written by: Bharath K.S
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