Shakti Pumps (India) posts Q2 FY25 PAT at Rs. 101 Cr
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Shakti Pumps (India) posts Q2 FY25 PAT at Rs. 101 Cr

Revenue for Q2FY25 at Rs. 635 crores; for H1FY25 at Rs. 1,202 crores

  • By ICN Bureau | October 29, 2024

Shakti Pumps (India) Limited (SPIL), announced the financial results for the quarter and half year ended 30th September 2024.

Q2FY25

Revenue from Operations was reported at Rs. 634.6 crores, up from Rs. 152.8 crores in Q2FY24. • EBITDA of Rs. 148.7 crores in Q2FY25, witnessed an increase from Rs. 15.2 crores in the corresponding quarter of previous fiscal. EBITDA Margins also expanded significantly to 23.4% in Q2FY25 from 10.0% in Q2FY24, largely due to higher execution of orders and economies of scale

PAT during the quarter was at Rs. 101.4 crores, increased from Rs. 5.9 Crores in Q2FY24. PAT Margin expanded to 16.0% as compared to 3.8% in Q2FY24

H1FY25

• Revenue increased to Rs. 1,202.2 crores in H1FY25 as compared to Rs. 265.8 crores in H1FY24

• EBITDA at Rs. 284.6 crores in H1FY25 as against Rs. 23.1 crores in H1FY24. EBITDA Margin at 23.7% in H1FY25 as against 8.7% in H1YF24

• PAT grew to Rs. 194.1 crores in H1FY25 from Rs. 6.9 crores in H1FY24. PAT Margin expanded to 16.1% in H1FY25 from 2.6% in H1FY24

Shakti Pumps (India) Limited Chairman, Dinesh Patidar, expressed his delight over the company’s recent performance, “We are delighted to announce another exceptional quarter for our company, showcasing significant revenue expansion and a marked increase in profitability. This has also translated into a remarkable first half of the financial year. Our achievements are a direct result of faster execution of orders within both the domestic and international spheres. Profitability margins also witnessed a significant expansion which can be mainly attributed to the realization of economies of scale, which was facilitated by increased operational activities during the quarter.

“Our order inflow continues to remain robust with the outstanding order book stood at around Rs. 1,800 crores as on September 2024. Given our leadership position in the PM KUSUM Scheme, we are confident that we will continue to witness an influx of orders, which will play a pivotal role in our sustained growth.

“To conclude, given our robust order book, in conjunction with our consistent success in winning more orders, we are confident that we will deliver better than anticipated results this year. This confidence also stems from our ability to execute the current orders efficiently, backed by our advanced backward-integrated manufacturing capabilities.

“Parallelly, we continue to remain focused on expanding our presence in retail business as well as the EV business, which would contribute to a sustained financial performance in the future.”

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