The shares of Positive Displacement pump manufacturers gained up to 13 percent after the company secured domestic and international orders for Solar Submersible Pumping Systems.
With a market capitalization of Rs 1,959.21 crore, the shares of Roto Pumps Ltd were trading at Rs 311.90 per share, increasing around 10.54 percent as compared to the previous closing price of Rs 282.15 apiece.
Reason for Rise:-
The shares of the company have seen positive movement after Roto Pumps Ltd’s subsidiary Roto Energy Systems Ltd secured domestic and international orders for 400 units of Solar Submersible Pumping Systems across Australia, South Africa, and the Indian states of Chhattisgarh and Maharashtra to support agriculture, irrigation, and renewable energy initiatives.
Moreover, In South Africa, the Company will supply 100 units of solar submersible helical rotor and centrifugal pumping sets, and in Australia, the Company will supply 100 solar submersible helical rotor pumping sets.
Additionally, the Company received two major orders from Chhattisgarh under the CREDA Schemes, for 100 units of solar submersible helical rotor pumping sets and one order from Maharashtra for 100 units of solar submersible helical rotor pumping sets. These orders are for drinking water applications.
Financial performance:-
Looking forward to the company’s financial performance, revenue magnified by 5 percent from Rs 81 crore in Q2FY24 to Rs 85 crore in Q2Y25. During the same period, net profit dipped by 15 percent, from Rs 13 crore to Rs 11 crore.
New Launch & manufacturing facilities:-
This year, the company started commercial production of a Submersible Helical Rotor Pump Set, Submersible Centrifugal Pump Set, Solar Controller with Remote Monitoring, and Surface Helical Rotor Pumps in Roto Energy Systems Limited (WOS).
The company has 3 manufacturing plants in India, 4 offices in India, and 2 offices outside India. The company started its business activities to service the Middle East and North Africa (MENA) region to expand its business.
Sustainability Initiatives:-
Roto Pumps has significantly increased its rooftop solar power capacity, expanding from 350 kWp to 1,014.01 kWp. This expansion is expected to supply nearly 50% of the power needed for manufacturing at its Greater Noida facility, thereby reducing reliance on conventional energy sources and lowering its carbon footprint.
Company profile:-
Roto Pumps Limited provides pumping solutions to a diverse range of industries, including wastewater, sugar, paper, paint, and gas. The Company offers a comprehensive range of progressive cavity pumps (PCP), and twin screw pumps and adds other positive displacement (PD) pumps in the product, basket, such as air-operated double-diaphragm (AODD) and gear pumps.
Written by:- Abhishek Singh
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