Shakti Pumps (India): Achieves Highest Ever Revenue and Profitability in a Fiscal Year Revenue for FY24 at Rs. 1,371 Crores; PAT at Rs. 142 Crores

 


  • Shakti Pumps (India): Achieves Highest Ever Revenue and Profitability in a Fiscal Year Revenue for FY24 at Rs. 1,371 Crores; PAT at Rs. 142 Crores 
  • SPIL supplies solar pumps to farmers through various State Governments; 69% Revenue Share in FY24 
  • 1200+ Product Variants
  • Diversified Product Range - Inhouse manufacturing of energy efficient products
  • Backward Integrated - In-house manufacturing all the key components required for pumps and motor manufacturing
  • Export contributes ~21% of revenue in FY24; accredited as “Star Export House” by the Government of India
  • The Solar Pumps industry, spearheaded by PM KUSUM Scheme, is set for extensive growth with an estimated installation demand of over 14 lakh Off-grid and 35 lakh Ongrid Solar Pumps. There are a large number of farmers in various states who have applied for electricity connections to irrigate their farms. Discoms to provide them the basic infrastructure has a cost involved plus the electricity has to be provided at an extremely subsidized rates which is further dent on the discoms financials. Despite this, many farmers are deprived with the electricity connections and their needs remain unmet. A shift to subsidized solar pumps, with ~60-70% of costs absorbed through state and central schemes, offers a viable solution for government. This initiative promises to balance the subsidies with savings in just 2-3 years while providing reliable power to farmers, steering towards sustainability and contentment.
  •  impressive order book, amounting to ~Rs. 2,400 Crores as of 31st March 2024
  • Revenue up by 41.7% YoY at Rs. 1,370.7 Crores as compared to Rs. 967.7 Crores in FY23.  
  • EBITDA margin was at 16.4% up by 953 bps YoY from 6.9% in FY23.  
  • PAT grew by 487.2% YoY to Rs. 141.7 Crores from Rs. 24.1 Crores in FY23.
  • PAT margin expanded by 784 bps to 10.3% in FY24 as against 2.5% reported in FY23 
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