Shakti Pumps is into manufacturing of pumps and motors. The company was started in 1982 by Mr Dinesh Patidara. However, the real growth for the company has started in the last 3-4 years. PM KUSUM scheme has been one of the company's main growth drivers.
They have reduced their debt significantly in recent years. The company has been growing at a super solid pace and reported another strong quarterly numbers in Q1FY25. Following are the key highlights of the result:
1. Revenue grew 4x YOY
2. Super expansion in margins from 7% to 24%
3. EBITDA grew from 8 cr to 136 cr YOY
4. Net profit grew manifold from 1 cr to 93 cr
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