 Limited has reported impressive earnings for the third quarter and the first nine months of the fiscal year ending December 31, 2024.){kind=link}
Shakti Pumps (India) Limited has reported impressive earnings for the third quarter and the first nine months of the fiscal year ending December 31, 2024.
The results, released on January 24, 2025, highlight significant growth in both revenue and net profit.
Third Quarter Highlights
- Net Profit Surge: Shakti Pumps recorded a net profit of ₹104 crore, marking a staggering increase of 130.09% compared to ₹45.2 crore in the same period last year.
- Revenue Growth: The company’s revenue from operations rose by 31%, reaching ₹648.8 crore, up from ₹495.6 crore in the prior year.
- EBITDA Performance: Earnings before interest, tax, depreciation, and amortization (EBITDA) soared by 117.46% to ₹154.4 crore, with an EBITDA margin of 23.8%, significantly higher than the 14.3% margin recorded in Q3 FY24.
- Earnings Per Share (EPS): Basic and diluted EPS from continuing operations stood at ₹8.66, compared to ₹4.1 a year ago.
Nine-Month Overview
For the nine months ending December 31, 2024:
- Total Sales: The company achieved total sales of ₹18,509.2 million, a remarkable increase from ₹7,614.6 million in the same period last year.
- Net Income: Net income for this period reached ₹2,981.4 million, up from ₹520.6 million a year ago.
- EPS Growth: Basic and diluted EPS for the nine months was reported at ₹24.8, compared to ₹4.72 in the previous year.
Market Reaction
Following the announcement of these robust results, shares of Shakti Pumps (India) Ltd experienced a positive response in the stock market, closing at ₹1,141.75 on January 24, reflecting an increase of 1.71%.
Shakti Pumps’ strong financial performance underscores its effective operational strategies and growing market demand for its products.
The significant increases in net profit and revenue are indicative of the company’s solid position within the industry as it continues to expand its footprint both domestically and internationally.
This outstanding quarterly performance positions Shakti Pumps favorably as it moves forward into 2025, promising potential for continued growth and shareholder value enhancement in the coming quarters.
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