Solar Pump stock engaged in the manufacturing and selling of a wide range of pumps, motors, spare parts, and EV components, in focus upon declaring robust Q3FY25 results with 130 percent jump in Net Profits.
Price Action
With a market capitalization of Rs.13,040 Crores, the shares of Shakti Pumps (India) Limited hit a 5 percent upper circuit in the day’s trade at Rs. 1,084.70 per equity share, from its previous day’s close price of Rs. 1,141.75.
Q3 FY25 Results
Its Revenue from operations grew by 31 percent YoY from Rs. 495.62 Crores in Q3FY24 to Rs. 648.77 Crores in Q3FY25 and it grew by 2 percent QoQ from Rs. 634.59 Crores in Q2FY25 to Rs. 648.77 Crores in Q3FY25.
Its Net Profit grew by 130 percent YoY from Rs. 45.19 Crores in Q3FY24 to Rs. 104.05 Crores in Q3FY25 and it grew by 3 percent QoQ from Rs. 101.42 Crores in Q2FY25 to Rs. 104.05 Crores in Q3FY25.
Its Net Profit Margin increased from 9.09 percent in Q3FY24 to 15.94 percent in Q3FY25, while the EPS doubled from Rs. 4.10 to Rs. 8.66 per equity share.
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 3 integrated manufacturing facilities and more than ~25 percent market Share in the domestic solar Pump Market under the PM KUSUM scheme. As of December 2024, it has a strong order book of ~Rs. 2,070 Crores.
EV Segment
Shakti Pumps (India) Limited has also 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
It has already catered to the two-wheeler and three-wheeler segments and is in the process of testing and developing other products, with approved investments of ₹ 114.3 crores in Shakti EV Mobility, in one or more tranches over 5 years.
Written by: Bharath K.S
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