Shakti Pumps (India) Ltd. Reports Highest Ever Revenue and Profitability in Q3FY24

Shakti Pumps (India) Limited (SPIL) has announced its financial results for the quarter and nine months ended December 31, 2023. The company has reported its highest ever revenue and profitability in Q3FY24, with a revenue of Rs. 496 crores and PAT of Rs. 45 crores. The company has also received a new order for 6,408 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) amounting to Rs. 258.0 crores from Haryana Renewable Energy Department. The company has a strong order book and a committed focus on research and development, with 11 secured patents out of 29 filed. The company is poised for substantial growth in the upcoming years, with a total opportunity of around Rs 1,050 billion under the PM KUSUM scheme. The company is confident of consistently delivering strong results in the times ahead.,