logo
Shakti Pumps Q4 results: Profit rises 23% to ₹110 cr on higher income

Shakti Pumps Q4 results: Profit rises 23% to ₹110 cr on higher income

Solar pumps maker Shakti Pumps (India) on Saturday posted around 23 per cent growth in profit to Rs 110.23 crore in the March quarter, driven by higher income.
It had reported Rs 89.67 crore profit in the January-March period of the 2023-24 fiscal year, the company said in an exchange filing.
The company's total income rose to Rs 669.76 crore from Rs 610.13 crore in the fourth quarter a year ago.
The company's Chairman Dinesh Patidar said, "We reported our highest-ever revenue of Rs 25,162 million (Rs 2,516.2 crore) in FY25, which surged by 83.6 per cent YoY, while PAT grew exceptionally by 188.2 per cent to Rs 4,084 million (Rs 408.4 crore).
"This impressive topline growth was driven by strong performances in both our domestic and export businesses, with profitability and margins further bolstered by our unwavering focus on operational efficiencies." "Our strong position in regions such as the US, Africa, Asia, and the Middle East ensures that this business remains stable and sustainable," he said.
"We are confident that our strong presence and market share in these states will enable us to secure significant new orders," Patidar said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

After dream home deal turns nightmare, Bengaluru firm ordered to pay up Rs 5.5 lakh
After dream home deal turns nightmare, Bengaluru firm ordered to pay up Rs 5.5 lakh

Time of India

time22 minutes ago

  • Time of India

After dream home deal turns nightmare, Bengaluru firm ordered to pay up Rs 5.5 lakh

Bengaluru: What began as a dream home makeover quickly spiralled into a prolonged nightmare for a city-based woman, after she entrusted a furniture firm with interior work at her new residence. Lured by promises of top-tier quality and timely delivery, she paid Rs 5 lakh upfront — only to be met with delays, dodges, and ultimately, a denial of responsibility and refund. But over two years on, justice has been served as a consumer commission has ruled in her favour, ordering the company to refund the amount with interest and pay compensation. The story began in March 2023, when Latha S, 58, from Shankarapuram approached the furniture company, Ocean of Design in Deepanjali Nagar, to get her new residence furnished. Impressed by assurances of high-quality standards and delivery, she engaged its services and made an advance payment of Rs 5 lakh on March 20, 2023, through a demand draft — a payment the company acknowledged. Little did she know this was the start of a prolonged ordeal. Despite repeated requests and follow-ups, the company failed to deliver the promised designs and furniture. Frustrated by the delay, she hired an alternative agency to complete some of the interior work. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 보이시나요? 중앙동에서 이 보청기를 무료체험 할 45세 이상을 찾습니다 히어닷컴 Undo You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru It was only three months later, on July 5, 2023, that the company presented a modular comparison plan, followed by an estimated cost on July 6. Another revised estimate was sent on Sept 12. By then, Latha had already completed portions of the work with another vendor because of the unacceptable delay. She then requested the company to refund the advance paid, but the firm expressed its inability to do so. Instead, it offered to execute and deliver select furniture items — a foyer shoe rack, foyer seating, console, and crockery unit — and on Oct 18, 2023, sent an estimated bill of a little over Rs 9 lakh, which left her in shock. Latha alleged that the advance amount of Rs 5 lakh was not deducted from the new bill. When she questioned this, the company told her that the advance would be adjusted only if she entrusted it with the complete furniture contract. Latha expressed her willingness to pay the balance as per the latest invoice, but the company refused to proceed with any work, insisting on the full contract. It also declined to refund the advance. After repeated follow-ups for a refund yielded no results, Latha issued a legal demand notice on Aug 2, 2024. In its reply, the company claimed that the Rs 5 lakh wasn't an advance for furniture work, but rather a design fee for services, effectively denying her request for a refund. Aggrieved by the firm's conduct, on Jan 9, 2025, she filed a complaint with the IV additional district consumer disputes redressal commission, alleging unfair trade practices. Despite being served a notice, the firm was absent and was placed as ex parte. After going through all the evidence, the commission observed that the firm had failed to deliver the promised designs and furniture despite receiving an advance payment. It also noted that the company's claim that the Rs 5 lakh paid was not an advance but a design fee was untenable. In the absence of any defence from the company, the forum concluded that the complainant had successfully proved the allegations. Holding the firm guilty of careless and negligent service, the commission declared it was liable to refund the advance amount. The company has been ordered to refund Rs 5 lakh with 6% interest from the day of payment, aside from shelling out Rs 25,000 for service deficiency, Rs 10,000 for the complainant's pain and suffering, and Rs 10,000 as litigation costs.

Authorities expedite Angamaly-Kundannoor bypass land survey
Authorities expedite Angamaly-Kundannoor bypass land survey

Time of India

time26 minutes ago

  • Time of India

Authorities expedite Angamaly-Kundannoor bypass land survey

Kochi: Expediting works of the proposed Angamaly-Kundannoor bypass on NH 544, revenue authorities decided to complete survey process of land acquisition by Aug 15. Authorities informed that, aiming to expedite the process, more officials would be assigned for survey duty. Currently, there are 14 survey officers and there was a demand to increase the number of surveyors as initial land acquisition procedures were delaying indefinitely. It is learned that revenue authorities are planning to increase the number from 14 to 40. Services of additional draftsmen will also be provided for the survey team. A recent review meeting led by district collector NSK Umesh decided to hold a meeting every Monday to evaluate progress of the survey. It was in Aug 2023 that ministry of road transport and highways issued a 3A notification for land acquisition for the bypass project. However, preliminary stage of acquisition is yet to be completed and landowners have launched protests against the delay. The road project was delayed indefinitely due to uncertainty over govt decision on royalty and GST. Central govt, which agreed to bear the entire cost of construction and land acquisition for the bypass project, demanded state govt to waive its share of GST and royalty on construction materials. State govt will have to forego Rs 424 crore due to exemption of GST and royalty. As per estimate submitted by National Highways Authority of India (NHAI), GST share of state is Rs 254.4 crore and royalty on materials is Rs 169.6 crore. A total of 280 hectares from 17 villages in the district would be acquired for the road project. Alignment of the 44.7-km-long greenfield bypass road was approved by NHAI in Jan 2023. The road will begin from Karayamparambu on northern side of Angamaly town and will end at Kundannoor Junction on NH 66, which is going to be developed into a six-lane highway.

IP university introduces 3-year LLB programme
IP university introduces 3-year LLB programme

United News of India

time40 minutes ago

  • United News of India

IP university introduces 3-year LLB programme

New Delhi, July 12 (UNI) IP University is going to start 3-year LLB programme from the academic session 2025-26. The programme will be available at Dwarka campus based University School of Law & Legal Studies, affiliated colleges- Vivekanand Institute of Professional Studies and Chandraprabhu Jain College. Initially 60 seats each will be available at all three institutes for the programme. Programme code of this programme is 238. Admission in the programme will be given on the basis of the University conducted entrance test(CET). Questions in entrance test will be asked on language and comprehension, General Knowledge and current affairs and basic understanding of law & legal reasoning. Minimum educational qualification to apply this programme is graduation in 50 percent marks. Online apply link of the this programme will be activated on the University website on 18th July 2025. The eligible aspirants can apply to the programme with deposition of application fee of Rs 2,500 online. Detailed information in this regard is available on both the University's websites and UNI XC GNK

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store