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Shakti Pumps profit up by 29%

By Swati Deshpande,

Added 16 May 2019

Total Income up by 25% at Rs. 550.25 crore

growth

Shakti Pumps reported total income of Rs. 550.25 crore for the year ended March 31, 2019, a 25% growth and Net Profit stands at Rs. 45.08 crore with a 29% growth.

Commenting on the results, Dinesh Patidar, Chairman and Managing Director, Shakti Pumps (India) Limited said, “The results show that the company’s strategy is on the 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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