Shakti Pumps records 41.4 pct growth
The company reported that is net profit stands at Rs. 26.51 crore a 43.7 percent growth.
Commenting on the results, Dinesh Patidar, Chairman & Managing Director, Shakti Pumps Limited said, "The results are a vindication of our strategy of delivering quality and innovative products. They also mirror our strong focus on exports supplemented by a growing presence in the domestic market. All of this has translated into increased sales, net profits and operating margins. In the last one year, we have expanded our footprint into new geographies like Ecuador, Mexico, Argentina and Morocco.”
“Going forward, Shakti Pumps has decided to expand its presence in the domestic market by tapping the fast growing industrial segment through its energy efficient pumps. The company has also made a strategic shift in its dealership model beginning April 1, 2014. The company will now appoint dealers who will exclusively sell only its products. This we believe will help us to serve farmers better as they will now opt for what is required and not what is necessarily offered to them,” Patidar added.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
