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Shakti Pumps share price surges on strong Q4 performance

Shakti Pumps delivered impressive financial results in Q4FY24, causing the share price to hit the upper circuit for the third day. Read on!

shakti pumps share price

On May 2, 2024, Shakti Pumps’ share price surged, hitting a 5% upper circuit for the third day in a row. The company demonstrated robust results for the quarter that concluded in March 2024, leading to an increase in its stock value. 

Consolidated profit after tax increased by several times reaching ₹89.70 crores which also contributed to this rise. Compared to last year’s same period (Q4FY23), revenue grew three-fold, amounting ₹609.3 crores.

Want to know more about Shakti Pumps Q4 results? Keep reading! 

About Shakti Pumps (India) Ltd  

Having been constructed in 1982, Shakti Pumps (India) Limited is famous for manufacturing energy-efficient pumps and motors. 

Shakti Pumps offers a range of modern products, including solar-powered pumps and electric pumps, along with solutions that are utilised in the industrial, agricultural, and commercial sectors.

It offers advanced water pumping solutions for various applications such as irrigation, drinking water supply, and horticulture for household needs, commercial enterprises and industrial purposes.

The company is at the forefront of green energy solutions, primarily targeting the agricultural industry. Their research & development department has indigenously developed an extensive portfolio of over 1200 products.

The company’s brand, “Shakti”, has garnered widespread acclaim in both domestic and international markets.

Also read: Zensar Technologies investment analysis: 12% gain after Q4 report 

Quarterly performance

Shakti Pumps Q4 results

Shakti Pumps concluded the fiscal year 2024 (FY24) with a strong performance in the March quarter. The company’s net profit in Q4FY24 grew to ₹89.7 crores, which is a significant increase from both ₹2.2 crores earned in the same quarter last year and ₹45.2 crores reported in the December quarter.

The operational revenue of Shakti Pump also showed impressive growth. The revenue touched ₹609.3 crores during the March quarter reflecting a remarkable YoY rise of 233.6% and QoQ rise of 22.9%.

This growth was fuelled by two factors – rising government projects’ contribution and increasing exports. 

In the fiscal year 2024, Shakti Pumps’ revenue saw a substantial increase of 41.7%, rising to ₹1,370.7 crores from ₹967.7 crores in the previous fiscal year. 

Shakti Pumps’ future looks bright, with a strong order book of ₹2,400 crores as of March 31, 2024. This includes three substantial new orders, amounting to ₹250 crores, from Maharashtra and Haryana for installation of solar pumps.

The company has secured 46 acres of land in Pithampur, Madhya Pradesh, allotted by the Madhya Pradesh Industrial Development Corporation (MPIDC) to accommodate future expansion plans.  

Must read: Tech Mahindra share price surge after Q4 results: CEO’s FY27 Vision 

QoQ performance 

Consolidated figures in ₹ crores

Total Revenue113153496609
Operating Profit 81571131 
OPM %7%10%14%21%
Profit before tax1763119
Net Profit 164590
EPS (in ₹)0.543.1924.5944.75

Share price 

Shakti Pumps’ stock soared over 15% in three days following their strong Q4FY24 results announced on April 26th. Starting from April 29th, the share price hit the upper circuit limit for three successive sessions, which is a clear indication of the investors’ positive sentiment. 

On May 2nd, the Shakti Pumps share price closed at ₹2,080.40.

If we look at the Shakti Pump share price history, the stock has generated a return of 375.96% in the past five years. 

Also read: MCX Q4 results overview: Key financial highlights 


Shakti Pumps (India) Ltd did well in the fiscal year 2024 – especially in the March quarter. The company’s significant growth in net profit and operational revenue, fueled by rising government projects and increasing exports, has instilled investor confidence, as reflected in the company’s share price.

However, it is advisable that before making any investment decision, you conduct your research and ensure that the level of risk involved corresponds with your investment objectives.

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StockGro Team

StockGro is India’s first and largest ‘Social Investment’ platform aimed at helping you master the art of “Trading & Investment”. Trade, Invest and get rewarded to Learn everything about ‘Investments’ the fun-filled way.

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