Latest news with #DineshPatidar
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Business Standard
2 days ago
- Business
- Business Standard
Shakti Pumps shares jump 7% in trade; here's why the stock is in demand
Shakti Pumps India shares jumped 7.3 per cent on Wednesday, August 13, 2025, logging an intra-day high at ₹897 per share on BSE. At 11:55 AM, Shakti Pumps India share price was trading 2.79 per cent higher at ₹858.9 per share. In comparison, the Sensex was 0.23 per cent higher at 80,417.37. Why were Shakti Pumps India buzzing in trade? The buying on the counters came after the company received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited for 34,720 Off‐Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS), which is to be executed within one year for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B. The letter of empanelment is valid for a year, and the installation has to be completed within 60 days. The total amount of the work order is ₹1,037 crore. "This significant development will greatly enhance our robust order book position. As one of the leaders in the solar pumps market, we hold a strong market share across key states, and this large order further solidifies our position. We are witnessing steady inflows and actively participating in tenders across states like Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, Jharkhand, etc," said Dinesh Patidar, chairman, Shakti Pumps. About Shakti Pumps (India) Limited The company was founded in 1982 as a partnership firm and was later converted to a public limited company in 1995. It manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other products. It is the only company that manufactures a wide range of products for solar pump installation in-house, including Variable Frequency Drives, Structures, Motors, Inverto and so on. The company has been at the forefront of transforming the agriculture sector through solar pump technology. All Shakti submersible pumps are based on Stainless Steel (SS), which is a testimony to the latest technology and quality in manufacturing.
Business Standard
3 days ago
- Business
- Business Standard
Shakti Pumps India gains after empanelment order from MSEDCL
Shakti Pumps India jumped 5.32% to Rs 880 after the company received a letter of empanelment from Maharashtra State Electricity Distribution Company (MSEDCL) for the supply of 34,720 standalone off-grid DC solar photovoltaic water pumping systems. The order is worth about Rs 1,037 crore. It includes installations throughout Maharashtra under the Magel Tyala Saur Krushi Pump Yojana and PM KUSUM B scheme. The empanelment lasts for one year. Shakti Pumps (India) chairman, Dinesh Patidar, expressed his delight on this significant development: We are delighted to announce that we have received a Letter of Empanelment for 34,720 pumps from MSEDCL under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B. This significant development will greatly enhance our robust order book position. As one of the leaders in the solar pumps market, we hold a strong market share across key states, and this large order further solidifies our position. We are witnessing steady inflows and actively participating in tenders across states like Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, Jharkhand, etc. Our presence in these markets, built over more than a decade, positions us well to capitalize on the immense opportunities that lie ahead. Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors, and other products.
Business Standard
04-08-2025
- Business
- Business Standard
Shakti Pumps slumps as Q1 PAT slides 12% QoQ to Rs 97 cr
Shakti Pumps India tanked 6.63% to Rs 834.25 after the company's consolidated net profit declined 12.15% to Rs 96.83 crore in Q1 FY26 as against Rs 110.23 crore posted in Q4 FY25. Revenue from operations decreased 6.43% to Rs 622.50 crore in Q1 FY26 as against Rs 665.32 crore reported in Q4 FY25. On a year-on-year (YoY) basis, the IT firms net profit grew 4.50%, while revenue rose 9.60% in Q1 FY26. Profit before tax was at Rs 129.66 crore during the quarter, down 13.69% quarter on quarter (QoQ) but up 3.24% year on year (YoY). EBITDA stood at Rs 143.60 crore in Q1 FY26, up 5.66% compared with Rs 135.90 crore in Q1 FY25. EBITDA margin reduced to 23.1% in Q1 FY26 as against 23.9% in Q1 FY25. Shakti Pumps (India) Limited Chairman, Dinesh Patidar, said: We are pleased with a strong start to FY26, driven by robust execution in the solar pump segment, steady export growth, and strategic investments in capacity and technology. We continue to lead the PM-KUSUM scheme with a 25% market share in major agricultural states. As of 1st August 2025, our order book stands at around Rs. 13,500 Mn, supported by steady inflows and active participation in tenders across Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, Jharkhand, and others. Our decade-long presence in these markets positions us well to capture growing demand. The rooftop solar segment is gaining momentum, aided by government initiatives like PM Surya Ghar: Muft Bijli Yojana. We are expanding our footprint in this and in domestic, industrial, and EV segments. Our export business, growing at ~25% CAGR over four years, is strong with projects in Haiti, Uganda, Bangladesh, Nepal, and rising demand from the USA, Middle East, and Africa. Operationally, we improved receivable days from 178 in FY24 to 152 in FY25, targeting 120 days by FY26-end. Our Rs. 17,000 Mn capex plan includes doubling capacity for pumps, motors, VFDs, and solar structures (Rs. 2,500 Mn), establishing an EV motor and charger facility (Rs. 2,500 Mn), and setting up a 2.2 GW solar DCR cell and PV module plant in Pithampur (Rs 12,000 Mn). We raised Rs. 2,926 Mn via QIP to partially fund the solar project, with the rest financed through internal accruals and debt. Looking ahead, we aim for 2530% revenue growth in FY26 and sustained growth over the next 34 years. Our focus on clean energy, operational discipline, and a strong order pipeline positions us well for long-term value creation. Meanwhile, the company announced an investment in its wholly owned subsidiary, Shakti EV Mobility, incorporated on 16th December 2021. The investment will be made by way of issuing equity shares, with a total consideration of Rs. 5.00 Crores. As of 31st March 2025, Shakti EV Mobility holds total assets of Rs. 10,121.83 Lakhs. The subsidiary operates in the electric vehicle industry, specializing in the manufacturing of electric vehicle motors for two-wheelers, three-wheelers, four-wheelers, and special-purpose vehicles, along with the production of EV chargers and controllers. The company currently has a presence in India. Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other products.
Economic Times
04-08-2025
- Business
- Economic Times
Shakti Pumps India shares tumble nearly 8% post Q1 results
Despite reporting a 4.5% rise in net profit to Rs 96.8 crore in Q1FY26, Shakti Pumps India's shares fell nearly 8%. Revenue grew by 9.7% to Rs 622.5 crore, and EBITDA increased by 5.7%. The company is investing in a solar cell manufacturing plant and boasts a strong order book of approximately Rs 1,350 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Shakti Pumps India declined nearly 8% to Rs 865 on the BSE, despite the company reporting a 4.5% year-on-year rise in net profit to Rs 96.8 crore in Q1FY26, up from Rs 92.7 crore in for the quarter stood at Rs 143.6 crore, a 5.7% increase from Rs 135.9 crore in the same period last year, with the EBITDA margin at 23.1%.Revenue from operations rose 9.7% year-on-year to Rs 622.5 crore in Q1FY26, compared to Rs 567.6 crore in to the filing with the exchange, the company invested Rs 12 crore in its wholly owned subsidiary Shakti Energy Solutions Limited for establishing a greenfield high-efficiency solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.2 company's long-term and short-term credit ratings were upgraded to IND AA-/Stable and IND A1+, respectively, by India Ratings & Research Pvt. Ltd.'We are pleased to report a strong start to FY26, reflecting the strength of our diversified business model. Our performance this quarter was driven by robust execution in the solar pump segment , consistent export momentum, and strategic investments in capacity and technology,' Dinesh Patidar, Chairman at Shakti Pumps (India) said.'We successfully raised Rs. 2,926 Mn through a QIP, which will partially fund our solar DCR cell and solar PV module manufacturing project. The balance will be financed through internal accruals and debt. Looking ahead, we remain committed to delivering 25–30% revenue growth in FY26 and sustaining this trajectory over the next 3–4 years. Our strategic focus on clean energy, backed by operational discipline and a strong order pipeline, positions us well for long-term value creation,' Patidar of August 1, 2025, the order book of the company stood at approximately Rs 1,350 crore, supported by steady inflows and active participation in tenders across states like Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, Jharkhand, etc. And the company's presence in these markets, built over more than a decade, positions us well to capitalise on the growing the current calendar year so far, the shares of Shakti Pumps India have tumbled 24.64%. In the last two years, the shares soared 565%, followed by nearly 2,768% returns in the last five years.
Time of India
04-08-2025
- Business
- Time of India
Shakti Pumps India shares tumble nearly 8% post Q1 results
Shares of Shakti Pumps India declined nearly 8% to Rs 865 on the BSE, despite the company reporting a 4.5% year-on-year rise in net profit to Rs 96.8 crore in Q1FY26, up from Rs 92.7 crore in Q1FY25. EBITDA for the quarter stood at Rs 143.6 crore, a 5.7% increase from Rs 135.9 crore in the same period last year, with the EBITDA margin at 23.1%. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Artificial Intelligence Degree others healthcare CXO Product Management Leadership Data Analytics Public Policy Others Management Digital Marketing Design Thinking Data Science Cybersecurity Operations Management Healthcare Data Science MCA Technology Finance MBA Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Revenue from operations rose 9.7% year-on-year to Rs 622.5 crore in Q1FY26, compared to Rs 567.6 crore in Q1FY25. According to the filing with the exchange, the company invested Rs 12 crore in its wholly owned subsidiary Shakti Energy Solutions Limited for establishing a greenfield high-efficiency solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.2 GW. The company's long-term and short-term credit ratings were upgraded to IND AA-/Stable and IND A1+, respectively, by India Ratings & Research Pvt. Ltd. Live Events 'We are pleased to report a strong start to FY26, reflecting the strength of our diversified business model. Our performance this quarter was driven by robust execution in the solar pump segment , consistent export momentum, and strategic investments in capacity and technology,' Dinesh Patidar, Chairman at Shakti Pumps (India) said. 'We successfully raised Rs. 2,926 Mn through a QIP, which will partially fund our solar DCR cell and solar PV module manufacturing project. The balance will be financed through internal accruals and debt. Looking ahead, we remain committed to delivering 25–30% revenue growth in FY26 and sustaining this trajectory over the next 3–4 years. Our strategic focus on clean energy, backed by operational discipline and a strong order pipeline, positions us well for long-term value creation,' Patidar added. As of August 1, 2025, the order book of the company stood at approximately Rs 1,350 crore, supported by steady inflows and active participation in tenders across states like Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, Jharkhand, etc. And the company's presence in these markets, built over more than a decade, positions us well to capitalise on the growing demand. In the current calendar year so far, the shares of Shakti Pumps India have tumbled 24.64%. In the last two years, the shares soared 565%, followed by nearly 2,768% returns in the last five years.
