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

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.