First Quarter Shakti Pumps Revenue Increases 62.8% YoY

Shakti Pumps (India) Ltd., buoyed by steady sales growth, reported impressive growth in net profit for the quarter ended June 30, 2022. The company reported revenue growth of 62.8% d one year to the next. Net earnings increased by 19.8% compared to the same period last year.

Revenue for the quarter ended June 30, 2022 (April to June 2022) was Rs 254.5 crore compared to Rs 156.3 crore during the same period of the previous financial year. Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 69.2% to Rs 21.3 crore with EBITDA margins of 8.4%.

EPS also saw a smart gain of 19.6% in this quarter, from Rs 3.97 in the corresponding period of the prior year to Rs 4.75. Dinesh Patidar, Chairman and Managing Director of Shakti Pumps (India) Limited, said, “I am pleased to report that Shakti Pumps delivered another strong quarter and recorded strong revenue growth of over 60% year-over-year. . The solar EPC business reported 120% YoY growth in the quarter with sales volume of 6,439 pumps in Q1FY23 versus 3,014 pumps in Q1FY22. »

Our export business also increased by 21.5% YoY to reach Rs 407 million from Rs 335 million in Q1FY22.

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