Solar Pump Manufacturer Secures Patent for Innovative Starting Direction Control-Based Sensorless Motor Drive for Irrigation - Q1 Profits Surged by 9,200 Per cent!
The company’s shares have delivered an impressive return of over 400 per cent in just 1 year.
Shakti Pumps (India) Limited has been granted a patent for its innovative "Starting Direction Control-Based Position Sensorless PMBLDC Motor Drive for Irrigation." This breakthrough, developed in collaboration with IIT Delhi, marks a significant advancement in motor and electrical control systems, aimed at enhancing the performance and reliability of agricultural irrigation solutions. The Patent Office of India awarded this patent under the provisions of the Patents Act of 1970, with a validity of 20 years from the filing date. This achievement marks the company's 15th patent.
Shakti Pumps (India) Limited is a Small-Cap company that manufactures a variety 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 domestic and international markets.
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Read Shakti Pumps (India) secured its first order from Jharkhand.
On Thursday, shares of Shakti Pumps (India) Limited closed at around Rs 4374.95 per share on the BSE. The company’s current market capitalization stands at Rs 8765.26 crore. Additionally, the shares have delivered a multibagger return of over 400 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 representing a gain of 9,200 per cent YoY. 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.
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Disclaimer: The article is for informational purposes only and not investment advice.