Shakti Pumps (India) Limited (SPIL) has reported exceptional growth in its financial results for the third quarter and nine months ending December 31, 2024. The company’s revenue from operations surged by 30.9% year-on-year (YoY) to reach Rs. 6,488 million in Q3FY25, compared to Rs. 4,956 million in Q3FY24. This robust growth is attributed to the company’s increased order execution and operational efficiencies.
The profit after tax (PAT) for the quarter saw a remarkable increase of 130.2%, reaching Rs. 1,040 million, up from Rs. 452 million in the same period last year. The company’s EBITDA also grew significantly by 117.6% YoY to Rs. 1,544 million, with an impressive EBITDA margin of 23.8%. The nine-month period (9MFY25) showed even stronger results, with a 143.1% YoY revenue growth to Rs. 18,509 million, and PAT reaching Rs. 2,981 million, a significant increase from Rs. 521 million in 9MFY24.
In addition to the strong financial performance, SPIL continues to expand its order book, securing notable contracts, including the supply of 25,000 pumps under the Magel Tyala Saur Krushi Pump Scheme in Maharashtra. The company is also diversifying its business by entering the electric vehicle sector and manufacturing solar structures. Kolkata remains a critical hub for Shakti Pumps, with growing demand for renewable energy solutions. The company’s strong export performance, which rose by 58% YoY to Rs. 3,119 million in 9MFY25, is bolstered by increasing interest in solar energy products in the region. This positions Shakti Pumps as a key player in the renewable energy and electric vehicle sectors, with significant opportunities for further growth in Kolkata and neighboring markets.