A leading energy-efficient pump and motor manufacturer is preparing for a significant 5:1 bonus issue with a record date of November 25, 2024. This announcement comes amid impressive Q2 results, showing a 315% YoY revenue surge to Rs. 635 crore and a 1,583% jump in profits.
Share Price Movement
The share price of Shakti Pumps Limited went up by 0.23 percent to Rs. 4,698 per share on Monday, an increase from its previous close of Rs. 4,687.05 per share. The market capitalisation now stands at approximately Rs. 9,412 crore as of November 11, 2024.
Bonus Issue
The company has set November 25, 2024, as the “record date” to determine which shareholders are eligible to receive bonus shares. Shareholders will receive five bonus shares for each share they own, as approved earlier in October and November 2024.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Shakti Pumps Limited’s consolidated revenue from operations has increased by 315 percent YOY from Rs. 153 crore in Q2 FY24 to Rs. 635 crore in Q2 FY25 and up by 11.7 percent QoQ from Rs. 568 crore in Q4 FY24.
The company’s consolidated net profit has increased by 1,583 percent, from Rs. 6 crore in Q2 FY24 to Rs. 101 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has been increased by 8.6 percent QoQ from Rs. 93 crore.
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Shareholding Pattern
As of the November 2024 shareholding pattern, Shakti Pumps Limited is primarily held by the promotors at 51.57 percent, foreign institutional investors hold 3.36 percent, and the public with 38.27 percent.
About Company
Shakti Pumps, headquartered in Pithampur, has established itself as a leading manufacturer of energy-efficient pumps and motors in India. Founded in 1982, the company now commands a remarkable 40% market share in India’s solar pump segment. Furthermore, under the leadership of Dinesh Patidar since 1986, the company has grown into a global player.
The company’s state-of-the-art manufacturing facility in Madhya Pradesh boasts an impressive annual production capacity of 500,000 pumps. Moreover, its diverse portfolio includes 1,200 products, ranging from solar-operated pumps to pressure boosting systems. Additionally, the company’s commitment to innovation is evident through its 28 patents and substantial R&D investment of 3-4% of net profits.
In recent developments, Shakti Pumps has ventured into the electric vehicle component manufacturing through its subsidiary. Subsequently, the company has expanded its global footprint to 120 countries while maintaining its focus on sustainability. Finally, with its strong presence in the PM-KUSUM scheme and continuous technological advancements, Shakti Pumps is well-positioned for future growth in renewable energy solutions.
Written By Fazal Ul Vahab C H
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