Shakti Pumps (India) Ltd

The Board of Shakti Pumps (India) at its meeting held on 20 March 2025 has approved the appointment of Vandana Bhagavatula (DIN: 08352752) as an Additional cum Non-Executive Woman Independent Director of the Company. The Board took note of completion of tenure of Nishtha Neema (DIN: 01743710) from the post of Woman Independent Director of the Company w.e.f. 22 March 2025. Powered by Capital Market - Live

Shakti Pumps (India) will hold a meeting of the Board of Directors of the Company on 20 March 2025.Powered by Capital Market - Live

Shakti Pumps (India) announced that the Madhya Pradesh Industrial Development Corporation (MPIDC) has sanctioned 113 Acre land to our wholly owned subsidiary company i.e. Shakti Energy Solutions. This land is located at Smart Industrial Township, Sector - 7, Pithampur, Dist. Dhar (M.P.). This land will be utilized for setting up a solar cell and PV module manufacturing facility, using wafers as input material. Powered by Capital Market - Live

This order is part of Component-B of the government's PM-KUSUM scheme. The scope of work includes the design, manufacture, supply, transportation, installation, testing, and commissioning of the solar pumping systems. The total value of the work order is approximately Rs 23.91 crore, with a project completion timeline of 120 days from the issuance of the work order. Shakti Pumps (India) is engaged in manufacturing of pumps, motors, & their spare parts. The core products of the company are engineered pumps, industrial pumps, solar pumps, etc. The company's consolidated net profit surged 130.3% to Rs 104.05 crore in Q3 FY25 as against Rs 45.19 crore posted in Q3 FY24. Revenue from operations jumped 30.9% YoY to Rs 648.77 crore in the quarter ended 31 December 2024. The counter slipped 3.28% to end at Rs 808.50 on Friday, 28 February 2025. Powered by Capital Market - Live

The investment was made by subscribing to 60,00,000 (sixty lakh) equity shares with a face value of Rs 10 each. Shakti EV Mobility, incorporated on 16th December 2021, is engaged in the manufacturing of electric vehicle motors for two-wheelers, three-wheelers, four-wheelers, special-purpose electric vehicle motors, and chargers for electric vehicles. The company operates in India, and its turnover as of 31st March 2024 stands at Rs 430.09 lakh. The purpose of the investment is to initiate and expand the business operations of the subsidiary. The investment will be made in exchange for equity shares, which will be issued in accordance with the agreement between the two entities. Since Shakti EV Mobility is a wholly owned subsidiary of Shakti Pumps (India), no government or regulatory approvals are required for this investment. The acquisition does not fall under related party transactions, and therefore, the arm's length basis is not applicable. Following this investment, the consolidated investment in Shakti EV Mobility will amount to Rs 45 crore. Shakti Pumps (India) is engaged in manufacturing of pumps, motors, & their spare parts. The core products of the company are engineered pumps, industrial pumps, solar pumps, etc. The company's consolidated net profit surged 130.3% to Rs 104.05 crore in Q3 FY25 as against Rs 45.19 crore posted in Q3 FY24. Revenue from operations jumped 30.9% YoY to Rs 648.77 crore in the quarter ended 31 December 2024. The scrip fell 4.96% to settle at Rs 836.20 on the BSE. Powered by Capital Market - Live

Shakti Pumps (India) has invested Rs 6 crore in its wholly owned subsidiary, Shakti EV Mobility by subscribing to 60,00,000 equity shares of face value of Rs 10 each. The consolidated investment is Rs. 45 crore after subscribing aforesaid equity shares.Powered by Capital Market - Live

Shakti EV Mobility, incorporated on 16 December 2021, is engaged in the manufacturing of electric vehicle (EV) motors for two-wheelers, three-wheelers, four-wheelers, and special-purpose electric vehicles, along with the production of chargers for EVs. The company is headquartered in India, with a reported turnover of Rs 4.30 crore as of 31 March 2024. The primary purpose of the investment is to support the initiation and expansion of Shakti EV Mobility's business operations. The investment will be made through the acquisition of equity shares in the subsidiary. Notably, no government or regulatory approvals are required for the investment, as Shakti EV Mobility is a wholly owned subsidiary of Shakti Pumps (India). The acquisition does not fall under the category of Related Party Transactions, and as such, the arm's length principle is not applicable. Shakti Pumps (India) is engaged in manufacturing of pumps, motors, & their spare parts. The core products of the company are engineered pumps, industrial pumps, solar pumps, etc. The company's consolidated net profit surged 130.3% to Rs 104.05 crore in Q3 FY25 as against Rs 45.19 crore posted in Q3 FY24. Revenue from operations jumped 30.9% YoY to Rs 648.77 crore in the quarter ended 31 December 2024. The scrip slipped 2.75% to settle at Rs 821.90 on the BSE. Powered by Capital Market - Live

Shakti Pumps (India) has invested Rs 4 crore in its wholly owned subsidiary, Shakti EV Mobility by subscribing to 40,00,000 equity shares of face value of Rs. 10. The consolidated investment is Rs. 39 crore after subscribing aforesaid equity shares. Powered by Capital Market - Live

Net profit of Shakti Pumps (India) rose 130.25% to Rs 104.05 crore in the quarter ended December 2024 as against Rs 45.19 crore during the previous quarter ended December 2023. Sales rose 30.90% to Rs 648.77 crore in the quarter ended December 2024 as against Rs 495.62 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales648.77495.62 31 OPM %23.8014.32 - PBDT146.4867.55 117 PBT141.5562.75 126 NP104.0545.19 130 Powered by Capital Market - Live

Shakti Pumps (India) will hold a meeting of the Board of Directors of the Company on 24 January 2025.Powered by Capital Market - Live