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Shakti Pumps records Rs. 208.6 cr Q3 revenue

Posted on Jan 24 2014 | IBNS

New Delhi, Jan 24 : Shakti Pumps, manufacturer of 100pc stainless steel submersible pumps in India with exports to over 100 countries, on Friday reported total revenue of Rs. 208.6 crore for the nine months ended December 31, 2013.

The company reported a 27 percent growth and its net profit stands at Rs.17 crore a 25 percent growth.

Commenting on the results, Dinesh Patidar, Chairman and Managing Director, Shakti Pumps Limited said, "The results are reflective of our strategy of quality and innovative products. Historically, second and third quarter has always been robust quarters for us. But this time around performance has been satisfactory given the heavy monsoons eventually shifting demand to the next quarter."

"On exports front also, we witnessed a strong traction leading to a healthy order book growth. Going forward, we plan to expand into new geographies and enhance our customer base through our latest brand campaign with brand ambassador Mr. Amitabh Bachchan named - Hum hain desh ke Annadata ke Shakti. We are committed to stay ahead of our peers in the domestic market and expand our profitability," Patidar said.

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