Akhilesh Maru

In an interview to CNBC-TV18, Akhilesh Maru, CFO of Shakti Pumps spoke about the outlook for the business going forward on the backdrop of budgetary allocations.

Govt initiatives in agri sector aiding sentiment: Shakti Pumps

"On the agricultural side, the government is working on agricultural machinery, equipment, irrigation infrastructure or water facilities. So there is a positive sentiment for overall sector", Akhilesh Maru, CFO of Shakti Pumps told CNBC-TV18.

Demonetisation wiped out monsoon gains: Shakti Pumps

Demonetisation impacted many retail industries including ours, said Akhilesh Maru, CFO, Shakti Pumps.

Forecast for good monsoon augurs well for co: Shakti Pumps

Agriculture sector contributes 30-35 percent to Shakti's topline and the company is worth Rs 100 crore in organized market, says Akhilesh Maru, CFO, Shakti Pumps.

Excise cut to boost demand for solar pumps: Shakti

Reduction in excise duty from 12.5 percent to 6 percent will benefit Shakti Pumps as we manufacture motors for all the products on which the duty is dropped, says Akhilesh Maru, CFO of the company.

See another 5% growth for pumps on sub-normal rains: Shakti

The domestic margins of Shakti Pumps currently stand at 12-15 percent on EBITDA level and value addition to product basket may help the company increase its margins.

Shakti Pumps aims at capacity utilisation of 65-70% in FY16

Talking about the outlook for the company, Akhilesh Maru, CFO, Shakti Pumps said they hope to close the year with revenues of Rs 315-320 and are in line to achieve revenue guidance target of Rs 450 crore in FY16 backed by improvement in capacity utilisation.

Target 20% EBITDA margins by FY15 end: Shakti Pumps

The company is targeting revenues are Rs 325 crore for FY15 and Rs 450 cror for FY16, said Akhilesh Maru of Shakti Pumps.

Eye topline growth of Rs 400-425 cr in FY16: Shakti Pumps

Akhilesh Maru, CFO, Shakti Pumps, discusses the company‘s performance and his outlook for the upcoming quarters.