Shakti Pumps (India) Limited Delivered Remarkable Performance in Q2 & H1 FY25
Pune (Voice news service):- Shakti Pumps (India) Limited (SPIL), announced the financial results for the quarter and half year ended 30th September 2024.
Shakti Pumps (India) Limited Chairman, Mr. 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.”
Key Financial Highlights of the Quarter (Consolidated):
| Particulars (Rs Crores) | Q2FY25 | Q2FY24 | YoY | Q1FY25 | QoQ | H1FY25 | H1FY24 | YoY |
| Revenue from Operations | 634.6 | 152.8 | 315.4% | 567.6 | 11.8% | 1,202.2 | 265.8 | 352.2% |
| EBITDA | 148.7 | 15.2 | 878.4% | 135.9 | 9.5% | 284.6 | 23.1 | 1,130.3% |
| EBITDA Margin | 23.4% | 10.0% | 1,349 bps | 23.9% | (50 bps) | 23.7% | 8.7% | 1,497 bps |
| Profit Before Tax | 138.5 | 7.4 | 1,780.7% | 125.6 | 10.3% | 264.0 | 8.1 | 3,161.0% |
| Profit After Tax | 101.4 | 5.9 | 1,633.3% | 92.6 | 9.5% | 194.1 | 6.9 | 2,730.0% |
| PAT Margin | 16.0% | 3.8% | 1,216 bps | 16.3% | (34 bps) | 16.1% | 2.6% | 1,357 bps |
| Basic EPS (Rs.) | 50.6 | 3.2 | 1,489.7% | 46.2 | 9.5% | 96.9 | 3.7 | 2,492.2% |
Financial Highlights:
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
Other Highlights:
● The Board has recommended issue of Bonus Shares in the ratio of 5:1, i.e., 5 new fully paid-up equity share for every 1 existing fully paid-up equity share
● SPIL received its 15th Patent from Government of India, for Ground breaking Sensorless Motor Drive Technology
● The company’s board has been strengthened with the appointment of Mr. Ramakrishna Sataluri as a Non-Executive Non-Independent Director. He has 37+ years of experience working for leading organizations like Tata Power Solar Ltd., after working with Tata Group for two decades
