Shakti Pumps FY 19 Profits up 29% to Rs 45.08 crore, Operating Profit up by 13% at Rs. 92.97 crore
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17 May 19
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Udaipur. 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 Mar 31, 2019, a 25% growth and Net Profit stands at Rs. 45.08 crores with a 29% growth. Commenting on the results, Mr. Dinesh Patidar, Chairman and Managing Director, Shakti Pumps (India) Limited said, “The results show that the company’s strategy is on 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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