Shakti Pumps FY19 Profits up 29 Percent to Rs. 45.08 Crore, Operating Profit up by 13 Percent at Rs. 92.97 Crore
businesswireindia.com | May 14, 2019, 4:20 p.m.
FY19 HIGHLIGHTS (CONSOLIDATED)
Total Income up by 25% at Rs. 550.25 crore, compared to Rs. 440.10 crore for the period ended March 31, 2019
EBIDTA up by 13% at Rs. 92.97 crore as against Rs. 81.96 crore for the period ended March 31, 2019
PAT up by 29% at Rs. 45.08 crore as against Rs. 34.85 crore for the period ended March 31, 2019
Exports up by 8% at Rs. 138.83 crore as against Rs. 128.42 crore for the period
Domestic sales up by 32% at Rs. 391.89 crore as against Rs. 296.49crorefor year ended March 31, 2019
Shakti Pumps, a leading manufacturer of Energy Efficient stainless steel pumps, Integrated Solar Pumping Systems and power electronics products like solar variable frequency drives (VFDs), hybrid inverters, motor starters in India with exports to over 125 countries, reported total income of Rs. 550.25 crore for the year ended March 31, 2019, a 25% growth and Net Profit stands at Rs. 45.08 crore with a 29% growth.
Commenting on the results, Mr. Dinesh Patidar, ChairmanandManaging Director, Shakti Pumps (India) Limited said, “The results show that the company’s strategy is on the right course. The board had recommended a dividend of Rs. 5 per equity share of (Face Value of Rs. 10 each) i.e. 50% for the financial year ended 31 March, 2019.”
The quarterly financial results and year ended results includes the following entities: Shakti Energy Solutions Pvt. Ltd., Shakti Pumps FZE, IJAE., Shakti pumps U.S.A, LLC., Shakti Pumps Pty. Ltd., Australia and Shakti pumps (Bangladesh) Limited.
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