SHAKTI PUMPS (INDIA) LTD.-$ - 531431 - Compliance Under Regulation 32 Of SEBI (LODR) Regulation, 2015
Pursuant to Regulation 32(1) of SEBI (LODR) Regulations, 2015, we are enclosing herewith Statement of Deviation or Variation in utilization of funds raised through QIP for the quarter ended on March 31, 2024. SHAKTI PUMPS (INDIA) LTD.-$ - 531431 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30(6) of SEBI (LODR) Regulations, 2015, we would like to inform that the management of Shakti Pumps (India) Limited ("Company") will be meeting with an Investor named as Motilal Oswal Financial Services on Thursday, May 16, 2024. SHAKTI PUMPS (INDIA) LTD.-$ - 531431 - Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we are glad to inform you that Mr. Dinesh Patidar, the chairman cum Whole time Director of the Company was eligible for a 1% incentive on the Company''s sales. However, Mr. Dinesh Patidar has not claimed this incentive in the last three years and with his focus on rapidly expanding the company, the 1% sales incentive will no longer be included in the remuneration of Mr. Dinesh Patidar. This is a voluntary decision made by Mr. Dinesh Patidar. SHAKTI PUMPS (INDIA) LTD.-$ - 531431 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the transcript of the Earning Call held on Monday, April 29, 2024 with regards to Audited Financial Results of the company for the quarter and year ended March 31, 2024. The Transcript of the same is available on the company''s website. Kindly take the same on your records. Q4FY24 Quarterly & FY24 Annual Result Announced for Shakti Pumps (India) Ltd.
Industrial Machinery company Shakti Pumps (India) announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue surged by 233.6% YoY to Rs 609.3 crore from Rs 182.7 crore in Q4FY23. EBITDA for Q4FY24 reached Rs 130.7 crore from Rs 10.9 crore in Q4FY23. The EBITDA margin in Q4FY24 was 21.5%, notably higher than the 6.0% recorded in Q4FY23, mainly due to economies of scale and increased execution rate. Profit After Tax (PAT) soared to Rs 89.7 crore in Q4FY24, a remarkable growth from Rs 2.2 crore in Q4FY23. The PAT margin stood at 14.7% in Q4FY24, compared to 1.2% in Q4FY23. FY24 Financial Highlights: Revenue for FY24 increased by 41.7% YoY to Rs 1,370.7 crore, up from Rs 967.7 crore in FY23. Revenue from government projects saw a robust growth of 51.7% YoY, reaching Rs 945.1 crore, while export revenue stood at Rs 286.1 crore, up by 23.0% YoY. EBITDA stood at Rs 224.8 crore in FY24, a significant rise from Rs 66.6 crore in FY23. The EBITDA margin expanded to 16.4% in FY24, an increase of 953 basis points (bps) YoY from 6.9% in FY23. PAT experienced a remarkable growth of 487.2% YoY, reaching Rs 141.7 crore in FY24, compared to Rs 24.1 crore in FY23. The PAT margin expanded by 784 bps to 10.3% in FY24, compared to 2.5% reported in FY23. Other Key Highlights: SPIL has been awarded 2 additional patents by the Government of India, recognizing its innovative efforts. This brings the total number of patents awarded to SPIL to 13. Madhya Pradesh Industrial Development Corporation Limited (MPIDC) has allotted 46 acres of land to SPIL in Pithampur, Madhya Pradesh. This land allocation is earmarked for the company's future expansion plans. SPIL has made an investment of Rs 5.08 crore in Shakti EV Mobility Private Limited (formerly known as Shakti Green Industries Private Limited), a wholly-owned subsidiary, to kickstart and expand its business operations. With this investment, SPIL's consolidated investment in the subsidiary has now reached Rs 32.00 crore. Shakti Pumps (India) Chairman, Dinesh Patidar, expressed his delight over the company’s recent performance, “FY24 has been a remarkable year for SPIL, as the company delivered its strongest performance ever in terms of Revenue and Profitability. This is well supported by our outstanding performance in both our government and export businesses which reported a revenue growth of ~52% and ~23% YoY respectively in FY24. Our impressive order book, amounting to ~Rs 2,400 crore as of 31st March 2024, has expanded with the recent addition of three new orders worth Rs 250.62 crore from Haryana and Maharashtra, secured since the beginning of January 2024. SPIL remains optimistic about the continued expansion of its order book, driven by our persistent endeavours to enhance the prominence of solar pumps amidst the farming community. During the quarter, the company successfully raised Rs 200 crore through a QIP, garnering subscription from two marquee mutual funds. A significant portion of these funds will be directed toward scaling up the production capacities of pumps/motors, inverters/VFDs, and supporting structures." Result PDF SHAKTI PUMPS (INDIA) LTD.-$ - 531431 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the audio recording of conference call held on Monday, April 29, 2024 at 02:00 PM in respect of Audited Financial Results of the company for the quarter and financial year ended March 31, 2024 is available on company''s website and that can also be access through the link provided in the attached letter. Kindly consider and take on your records.
Shakti Pumps (India) Results Earnings Call for Q4FY24
Conference Call with Shakti Pumps (India) Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript. Shakti Pumps Q4 PAT surges to 90 crore; order book touches 2,400 crore
During FY24, the company's PAT grew manifold to Rs 141.7 crore from Rs 24.1 crore in FY23 SHAKTI PUMPS (INDIA) LTD.-$ - 531431 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015, please find enclosed herewith Investor Presentation for the financial year ended March 31, 2024. SHAKTI PUMPS (INDIA) LTD.-$ - 531431 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find attached herewith Result Release for the quarter and financial year ended March 31, 2024.