Shakti Pumps QOQ Revenue up by 16%

Shakti Pumps has announced that its total revenue has been Rs. 309.97 cr for the year ended March 31, 2015 a 1% growth and Net Profit stands at Rs. 25.72 cr down by a 2.9% YOY.

Commenting on the results, Mr. Dinesh Patidar, Chairman & Managing Director, Shakti Pumps Limited said, “We are pleased to announce our annual results, this was the year of many ups and downs, which allowed us to prove our capacity to absorb shocks. Demands from both domestic and international markets have shown healthy growth except gulf region.

Our efforts to spread awareness about energy efficiency and benefits of solar power, which resonated with the Modi government’s policy focus on renewable energy, is starting to bear fruits. Internationally, we are witnessing demand from regions like USA, Saudi Arabia, Latin America and Western Europe which are strong, developed and politically stable economies. We have managed to penetrate these markets quickly and planned to establish our brand identity.

In the coming year, our industrial product offerings will become significant contributors to our topline and bottomline as we are getting recognition for the same.

Government’s focus on installation of solar pumps for irrigation and other ambitious projects like sanitation, drinking water, waste water treatment, river-linking, roads & infrastructure, rural electrifications and focus on energy efficiency will lead to industry’s growth as well as Shakti Pumps’.”