Solar Pump Manufacturer Bags Order Worth Rs 9,40,00,000; Profit Surged by 9200 Per cent in Q1 FY25, FIIs Increased Stake!
The company’s shares have delivered an impressive return of over 500 per cent in just 1 year.
Shakti Pumps (India) Limited has secured its first order from the state of Jharkhand. The Jharkhand Renewable Energy Development Agency has issued a Letter of Award for 400 Solar Water Pumping Systems (SWPS) to be installed at various locations across the state under Component-B of the PM-KUSUM scheme. The total order value, including GST, is approximately Rs 9.40 crore.
Shakti Pumps (India) Limited is engaged in the manufacturing of a diverse range of pumps and motors. The company provides advanced water pumping solutions for various applications, including irrigation, horticulture, domestic water supply, and commercial and industrial uses. The brand "Shakti" enjoys strong recognition and acceptance in both domestic and international markets.
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On Friday, shares of Shakti Pumps (India) Limited closed at around Rs 4474 per share. The company’s current market capitalization stands at Rs 8963.70 crore. Additionally, the shares have delivered a multibagger return of over 520 per cent in the past 1 year.
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As per the Quarterly Results, in Q1 FY25, Shakti Pumps (India) Limited recorded a revenue of Rs 568 crore from Rs 113 crore. The operating profit for Q1 FY25 stood at Rs 136 crore. The net profit for Q1 FY25 stood at Rs 93 crore compared to a profit of Rs 1 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 1371 crore in FY24. The operating profit for FY24 was Rs 225 crore with a net profit of Rs 142 crore compared to a net profit of Rs 24 crore in FY23.
Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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