Shakti Pumps Q1 Results Total Revenue ₹567.56 Crores & Operating Profit ₹131.09 Crores

Shakti Pumps Growth Comparison 

In the Q1 results for June 2024, Shakti Pumps India showed strong year-over-year (YoY) growth in several key areas. The company's total revenue reached ₹567.56 crores, which is a massive increase of 401.98% YoY compared to ₹113.06 crores in June 2023. This indicates a significant improvement in the company's ability to generate sales over the past year. However, there was a slight decline of 6.85% quarter-on-quarter (QoQ) from ₹182.66 crores in March 2023, showing a decrease from the previous quarter.

Shakti Pumps’ Operating income also saw impressive YoY growth of 3878.57%, rising to ₹131.09 crores from just ₹3.29 crores a year ago. This highlights a substantial increase in profitability compared to the same quarter last year. Despite this, the QoQ change was positive, with an increase of 4.10% from ₹6.43 crores in March 2023.

Shakti Pumps’ Net income before taxes grew by 17221.38% YoY, reaching ₹125.58 crores from ₹0.72 crores in June 2023. This indicates a dramatic improvement in overall profitability. The net income also saw a significant YoY increase of 9194.81%, climbing to ₹92.66 crores from ₹1.00 crores a year ago, though it increased by 3.35% QoQ.

Shakti Pumps’ diluted normalized earnings per share (EPS) grew by an astonishing 8462.96% YoY to ₹46.24 from ₹0.54. However, it fell slightly by 4.97% QoQ from ₹1.22. Overall, Shakti Pumps' results show strong year-over-year improvements despite some quarter-on-quarter fluctuations.

Here's the summary of Shakti Pumps India's Q1 results for June 2024 compared to previous periods:

Source: Here 

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Shakti Pumps Q1 Results

For the quarter ending June 30, 2024, Shakti Pumps earned ₹567.56 crores from its main business operations, which is a bit lower than the ₹609.28 crores earned in the previous quarter (March 31, 2024). Additionally, Shakti Pumps made ₹2.96 crores from other sources, bringing the total revenue to ₹570.52 crores for this quarter. In comparison, the total revenue was higher in the last quarter at ₹610.13 crores.

Shakti Pumps’ Expenses include costs like buying materials (₹338.36 crores), purchasing stock (₹10.72 crores), and other operational costs. These expenses totaled ₹444.94 crores this quarter, which is less than the ₹491.10 crores spent last quarter. After covering all these expenses, the company made a profit of ₹125.58 crores before tax. This is slightly higher than the ₹119.03 crores profit from the last quarter.

Shakti Pumps’ After paying taxes and other adjustments, the final profit for this quarter is ₹92.85 crores, compared to ₹89.64 crores in the previous quarter. The company’s earnings per share were ₹46.24, similar to the previous quarter. The results show a stable financial performance with a slight decrease in revenue but a good profit margin.

Here is the summarized financial results for the quarter ended on June 30, 2024:

(Amounts in Rupees Crores) 

Shakti Pumps Financial Performance

The table shows key financial information about Shakti Pumps. The market cap, or total company value, is ₹8,631 crore. The current stock price is ₹4,308, and it has been as high as ₹5,089 and as low as ₹749. The stock's price-to-earnings (P/E) ratio is 37.0, which indicates how much investors are willing to pay for each unit of earnings. The book value per share is ₹377, showing the company's net asset value. The dividend yield is 0.09%, representing the return on investment from dividends.

Here's the financial data for the company in a simple format:

Quarterly Results 

For Shakti Pumps, the financial results for Dec 2023, Mar 2024, and Jun 2024 show strong performance. In Dec 2023, the company had sales of Rs. 496 crores and a net profit of Rs. 45 crores, with an operating profit margin of 14%. By Mar 2024, sales increased to Rs. 609 crores and net profit rose to Rs. 90 crores, with a higher operating profit margin of 21%. In Jun 2024, sales were Rs. 568 crores, and net profit further grew to Rs. 93 crores, with an even better operating profit margin of 24%. 

Here's the transposed table for the quarters Dec 2023, Mar 2024, and Jun 2024:

(Rs. Crores)

About Shakti Pumps 

Shakti Pumps (India) is a well-established company that has been making energy-efficient pumps and motors since 1982. The company specializes in providing renewable energy solutions, mainly for agriculture. Shakti Pumps offers a wide range of products, with over 1200 different items developed by its own Research & Development team. They invest 3-4% of their net profit into R&D, focusing on creating new and advanced products to meet India’s needs for irrigation and pumping.

Shakti Pumps has a large, modern manufacturing facility in Pithampur, Madhya Pradesh, where they can produce 500,000 pumps each year. Shakti Pumps has grown steadily and is now one of India’s leading pump exporters, sending products to over 120 countries worldwide. Their product range includes pumps for agriculture, industrial use, high-rise building water supply, waste treatment, and fire-fighting.

Shakti Pumps is a major player in the solar pump industry, holding about 40% of the market share in India’s PM-KUSUM scheme, which promotes solar power for farming. They have also recently entered the electric vehicle market, making motors, chargers, and controllers through a new subsidiary.