Latest news with #ShaktiPumps
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.
Business Standard
02-08-2025
- Business
- Business Standard
Shakti Pumps (India) consolidated net profit rises 4.50% in the June 2025 quarter
Sales rise 9.68% to Rs 622.50 croreNet profit of Shakti Pumps (India) rose 4.50% to Rs 96.83 crore in the quarter ended June 2025 as against Rs 92.66 crore during the previous quarter ended June 2024. Sales rose 9.68% to Rs 622.50 crore in the quarter ended June 2025 as against Rs 567.56 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 10 OPM %23.0623.94 -PBDT135.71130.35 4 PBT129.66125.58 3 NP96.8392.66 5 Powered by Capital Market - Live News
Business Standard
14-07-2025
- Business
- Business Standard
Shakti Pumps invest Rs 12 cr in Shakti Energy Solutions
Shakti Pumps (India) has invested Rs. 12 crore in its wholly owned subsidiary i.e. Shakti Energy Solutions. The company said, "In Shakti Energy Solutions, we are establishing a greenfield high efficiency solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.20 GW."
Business Standard
14-07-2025
- Business
- Business Standard
Shakti Pumps invests Rs 12 cr in solar arm SESL for new manufacturing plant
Shakti Pumps (India) announced that it has invested Rs 12 crore in its wholly-owned subsidiary, Shakti Energy Solutions (SESL), to support its expansion into solar cell and module manufacturing. SESL, incorporated in September 2010, is currently engaged in manufacturing solar structures and rooftop systems. The company is now setting up a solar DCR cell and solar PV module manufacturing facility at Pithampur, Madhya Pradesh, with an installed capacity of 2.20 GW. The investment will be made through the issuance of equity shares from time to time, as per the agreement between the parent company and the subsidiary. As the investment is being made in a wholly-owned subsidiary, it does not qualify as a related party transaction and hence, the arms length pricing norms are not applicable, the company said in a regulatory filing. It added that no government or regulatory approvals are required for the transaction. The company also clarified that the investment does not fall under the related party transaction. Therefore, an arms length basis is not applicable. Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other products. The companys consolidated net profit jumped 22.9% to Rs 110.23 crore while revenue from operations rose 9.2% to Rs 665.32 crore in Q4 March 2025 over Q4 March 2024. Shares of Shakti Pumps (India) fell 1.01% to Rs 911.35 on the BSE.
Time of India
08-07-2025
- Business
- Time of India
Shakti Pumps raises ₹292 crore via QIP
NEW DELHI: Solar pumps maker Shakti Pumps (India) Ltd on Monday said it has raised Rs 292.60 crore through Qualified Institutional Placement . The company issued 31.87 lakh shares to qualified institutional investors at Rs 918 per share, a 4.97 per cent discount to the Sebi floor price of Rs 965.96. The proceeds will be used to establish a high efficiency solar domestic content requirement (DCR) cell and solar PV modules manufacturing plant in Pithampur , Madhya Pradesh, through subsidiary Shakti Energy Solutions, with a production capacity of 2.20 GW, the company said in a statement. The in-house manufacturing of solar DCR cells will enhance backward integration and allow greater control over the entire value chain, thereby benefitting the company. " underscores the trust our investors have in our business model and growth strategy. We look to leverage these funds to advance our growth initiatives and enhance value for all stakeholders," Chairman Dinesh Patidar said. Madhya Pradesh-based Shakti Pumps manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors and other products. The company has two manufacturing facilities with a combined capacity of 5,00,000 pumps per year in India.
