Shakti Pumps Share Price Reached All-Time High: Check Why?

Shakti Pumps shares continued their gaining streak for the 4th consecutive trading session on January 3, 2025, by reaching an all-time high of ₹1,231.80 on BSE. In addition, Shakti Pumps’ share price has grown over 15% in the last 4 trading sessions. On January 3, 2024, the shares of Shakti Pumps opened at ₹1,190.00 and touched the day high of ₹1,231.80 at 10:20 AM.

Why Shakti Pumps Share Price is Gaining?

The continued increase in the Shakti Pumps share price follows the company’s announcement that it will consider and approve fundraising via Qualified Institutional Placement (QIP) at the board meeting on January 7, 2025.

Shakti Pumps said in an exchange filing, “This is to inform you that a meeting of the Board of Directors of the Company will be held on Tuesday, January 07, 2025, to consider and approve the raising of funds through issuance of eligible securities of the Company by way of, inter alia, a preferential allotment or a private placement (including one or more Qualified Institutions Placements (QIP) or further public issue of equity shares or through any other permissible mode or any combination thereof, in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (each as amended).”

Shakti Pumps Q2 FY25 Performance

During Q2 FY25, Shakti Pumps reported revenue from operations of ₹634.6 crores compared to ₹152.8 crores in Q2 FY24, reflecting a year-on-year growth of 315%. EBITDA surged to ₹148.7 crores this quarter, up from ₹15.2 crores in the corresponding quarter of the previous year. The EBITDA margin saw a significant expansion, rising to 23.4% from 10% in Q2 FY24. This growth was primarily driven by higher-order execution and the realization of economies of scale.

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