Q2 Results: Shakti Pumps Reports 1636% Surge In Profit

Shakti Pumps Secures Order To Supply 12,537 Solar Pumps To UP

Indian solar pump company Shakti Pumps has announced its financial results for Q2 of FY25. The latest financial report indicated the robust stronghold of the company in its financial performance. The company reported a massive 1636% jump in its net profit on a yearly basis.

The company had earlier reported a net profit of Rs 5.84% in Q2 of FY24. However, its net profit (PAT) surged to Rs 101.42 crore in the latest quarter, indicating a growth of 1629%. On a quarterly basis, its net profit increased from Rs 92.66 crore to Rs 101.42 crore, a surge of 9.4 percent.

The Indore-based company also reported a total growth in its revenue from Rs 153.53 crore in Q2 of FY24 to Rs 640.32 crore in the latest quarter, reporting a surge of 317%. On a quarterly basis, the company reported a surge of 12 percent.

About Shakti Pumps

Shakti Pumps India Limited (SPIL) was founded in 1982 as a partnership firm and later converted to a public limited company in 1995. It manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other
products. SPIL said that it is the only company that manufactures a wide range of products for solar pump installation in-house, including Variable Frequency Drives, Structures, Motors, Inverters, and so on.

Pithampur, Madhya Pradesh, is home to two manufacturing facilities with a combined capacity of 500,000 pumps and motors per year (India). Shakti Pumps also has the distinction of being India’s first 5-star rated pump manufacturer, supplying its products to more than 100 countries across the globe and manufacturing its own solar pumps, motors, structures, controllers & VFDs.