Conference Call with Shakti Pumps (India) Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Compressors & Pumps company Shakti Pumps (India) announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: The company reported Revenue from Operations of Rs 6,653 million in Q4FY25, marking a YoY growth of 9.2% from Rs 6,093 million in Q4FY24. EBITDA reached Rs 1,639 million during the quarter, a YoY increase of 25.4% over Rs 1,308 million in Q4FY24. The EBITDA margin improved to 24.6% in Q4FY25, expanding by 318 basis points from the previous year, supported by stronger order fulfillment and greater operational efficiencies. PAT for the quarter stood at Rs 1,102 million, reflecting a YoY growth of 22.9% compared to Rs 897 million in Q4FY24. Consequently, the PAT margin rose to 16.6%, up from 14.7% in the same quarter last year. FY25 Financial Highlights: Revenue from Operations for FY25 reached Rs 25,162 million, a significant growth of 83.6% over previous year’s Revenue of Rs 13,707 million. Export Revenue in FY25 grew by 52.7% to Rs 4,368 million as compared to Rs 2,861 million in FY24. EBITDA climbed to Rs 6,030 million in FY25, compared to Rs 2,248 million in FY24, with the EBITDA margin improving to 24.0%, up from 16.4% in the previous fiscal, reflecting stronger operational execution and cost optimization. PAT delivered a strong performance, increasing to Rs 4,084 million in FY25 from Rs 1,417 million in FY24. The PAT Margin widened to 16.2%, compared to 10.3% in FY24. Dinesh Patidar, said: “We are delighted to report a remarkable financial performance in FY25, marked by substantial growth across all key metrics. We reported our highest-ever Revenue of Rs 25,162 million, which surged by 83.6% YoY, while PAT grew exceptionally by 188.2% to Rs 4,084 million. This impressive topline growth was driven by strong performances in both our domestic and export businesses, with profitability and margins further bolstered by our unwavering focus on operational efficiencies. Our financial prudence is reflected in our ability to reduce receivable days significantly in FY25, despite higher revenues. The receivable days have come down to 152 days from over 178 days in FY24, and we are optimistic that this trend will continue to improve in the coming years. The export business continues to demonstrate strong performance, growing by 52.7% in FY25 to Rs 4,368 million. Our strong position in regions such as USA, Africa, Asia, and the Middle East ensures that this business remains stable and sustainable. Our healthy order book of Rs 16,546 million and steady order inflow instil confidence in our ability to achieve robust growth in FY26 and beyond. In addition to our current order book and ongoing inflows from states like Maharashtra, Rajasthan, and Haryana, we have actively bid for orders in various other states, including Madhya Pradesh and Punjab. We are confident that our strong presence and market share in these states will enable us to secure significant new orders. We remain highly optimistic about the vast opportunities that lie ahead. The solar pumps industry in India is experiencing rapid growth, driven by increasing focus from both central and state governments through initiatives such as PM KUSUM, Magel Tyala Saur Krushi Pump Scheme (Maharashtra), and Pradhan Mantri Krishak Mitra Surya Yojana (Madhya Pradesh). Additionally, the Solar Rooftop sector presents a promising opportunity, with initiatives like PM Surya Ghar: Muft Bijli Yojana further enhancing the growth potential. Our strategic initiatives, robust order book, and focus on operational excellence will drive our growth and success in the years to come.” Result PDF
Conference Call with Shakti Pumps (India) Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Industrial Machinery company Shakti Pumps (India) announced 9MFY25 & Q3FY25 results Q3FY25 Financial Highlights: Revenue from Operations grew by 30.9% YoY to reach Rs 6,488 million in Q3FY25, from Rs 4,596 million in Q3FY24. EBITDA at Rs 1,544 million, up from Rs 710 million in Q3FY24, a growth of 117.6% YoY. EBITDA Margin at 23.8% in Q3FY25 expanded significantly by 938 bps from 14.3% in Q3FY24, attributed to higher execution of orders and economies of scale. PAT witnessed a growth of 130.2% to reach Rs 1,040 million during Q3FY25, as compared to Rs Rs 452 million in Q3FY24. PAT Margin expanded to 16.0% as compared to 9.1% in Q3FY24. 9MFY25 Financial Highlights: Revenue was reported at Rs 18,509 million in 9MFY25, as against Rs 7,615 million in 9MFY24. EBITDA grew to Rs 4,390 million in 9MFY25, as compared to Rs 941 million in 9MFY24. EBITDA margin expanded to 23.7% as compared to 12.4% in 9MFY24. PAT at Rs 2,981 million, witnessed a remarkable YoY growth, as compared to Rs 521 million in 9MFY24. PAT Margin expanded to 16.1% in 9MFY25 from 6.8% in 9MFY24. Dinesh Patidar, Chairman, Shakti Pumps (India), said: “I am pleased to share that our company has earned the prestigious “Great Place to Work” certification, a testament to our strong and motivated team, which has contributed to the company’s consistent growth. The company has delivered strong overall financial performance led by increased execution of orders and operational efficiencies, which also resulted in significant margin expansion. The order inflow continued to gain momentum, resulting in a robust outstanding order book position of around Rs 20,700 million (inclusive of GST) as on 31st December 2024, which is to be executed within a year. During the quarter, the company received a Letter of Empanelment of 25,000 pumps amounting to Rs 7,543 million (inclusive of GST) under the Magel Tyala Saur Krushi Pump Scheme in Maharashtra; and an order of 3,174 pumps from Haryana Renewable Energy Department (HAREDA) amounting to Rs 1,163.6 million (inclusive of GST). With the diversification of orders beyond the PM KUSUM Scheme like Magel Tyala Saur Krushi Pump Scheme, we remain confident about our growth prospects. Solar rooftop presents a promising opportunity, bolstered by government initiatives like “PM Surya Ghar: Muft Biji Yojana” which is backed with an investment outlay of Rs 750 billion. We foresee significant opportunities with the government focusing on integrating renewable energy solutions with agriculture, for the betterment of farmers, as well as to their meet their sustainability objectives. We have strategically diversified our business model by entering the manufacturing of Electric Motors & Controllers for Electric Vehicles. In the EV space, we are progressing with pilot orders from OEMs, and this could unlock a significant opportunity for us in the future. Our export business has also delivered a strong performance, as it grew by 58% YoY to Rs 3,119 million in 9MFY25. To conclude, we foresee a bright future, with all our strategic initiatives poised to strengthen our market position and foster future growth.” Result PDF