Moneycontrol
Last Updated : Jan 30, 2018 11:52 AM IST | Source: CNBC-TV18

Expect overall growth of 20–25% going ahead: Shakti Pumps

Shakti Pumps in focus today, the stock sees some profit booking in trade this morning. The company reported a good set of Q3 numbers. Akhilesh Maru, CFO of the company discussed the results and his outlook for the company.

CNBC TV18 @moneycontrolcom

Shakti Pumps reported a good set of Q3 numbers. Akhilesh Maru, CFO of the company discussed the results and his outlook for the company.

Main growth has come from the solar government business and solar original equipment manufacturer (OEM) business, where we are doing well, he said.

A lot of government projects are picking up and it is going at a very good pace, he added.

Major growth has come from the domestic market which is around 60 percent and export is about 2-3 percent. However, on a year-on-year basis, the overall growth of the company will be around 20-25 percent going ahead, said Maru.

Orders worth Rs 300-350 crore have been allocated to the company and they also expect worth of Rs 150-180 crore orders from OEMs, he further mentioned.

For full interview, watch accompanying video...
First Published on Jan 30, 2018 11:47 am
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