Shakti Pumps Share Price : Shakti Pumps saw a positive buzz in the market on Monday, November 25, 2024, as its shares began trading on an ex-bonus basis following the announcement of a 5:1 bonus share issue.
Key Highlights of the Bonus Issue ( Shakti Pumps Share Price )
- Bonus Ratio:
- Shareholders will receive 5 bonus shares for every 1 share held.
- Record Date:
- November 25, 2024, was set as the record date to determine eligible shareholders.
- Ex-Date:
- Investors who bought shares before November 22, 2024, are eligible for bonus shares.
- Historical Context:
- The last bonus issue by Shakti Pumps was in 2011, offering a 1:1 bonus. This new issue aims to reward shareholders and enhance market liquidity.
Shakti Pumps Q2 FY25 Financial Performance (Shakti Pumps Share Price)
Shakti Pumps delivered impressive financial results for the July-September 2024 quarter, signaling robust growth:
- Revenue from Operations:
- ₹634.6 crore, up from ₹152.8 crore in Q2 FY24, marking a remarkable surge.
- EBITDA:
- Increased to ₹148.7 crore, compared to ₹15.2 crore in Q2 FY24.
- EBITDA Margin: Expanded to 23.4% from 10.0% in the previous year.
- Profit After Tax (PAT):
- Reported at ₹101.4 crore, a significant rise from ₹5.9 crore in Q2 FY24.
- PAT Margin: Improved to 16.0% from 3.8% in the previous year.
The growth was driven by higher order execution and economies of scale, showcasing the company’s operational efficiency.
Market Performance
- Opening Price (Nov 25, 2024): ₹826.75
- 11:20 AM Price: ₹826.75, reflecting a 5% gain.
Investors responded positively to the bonus announcement and the strong quarterly financials, resulting in a rally in the stock.
Strategic Impact of Bonus Issue
The 5:1 bonus issue is expected to:
- Increase Liquidity: The higher number of shares in circulation may attract more retail participation.
- Reward Shareholders: Demonstrates the company’s confidence in its financial health and growth trajectory.
