When did Shakti Pumps (India) Limited (531431) hold its July 22, 2024 earnings call?

Shakti Pumps (India) Limited held its July 22, 2024 earnings call on July 22, 2024.

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Shakti Pumps (India) Limited (531431) earnings call transcripts and historical archives are available through the EarningsCalls.dev API. The API returns full transcripts, speaker segments and AI-generated summaries for Shakti Pumps (India) Limited and 12,000+ listed companies across 70+ countries, typically within ~30 minutes of the call's publication.

Shakti Pumps (India) Limited (531431) Earnings Call Transcript & Summary

July 22, 2024

BSE Limited IN Industrials Machinery earnings 60 min

Earnings Call Speaker Segments

Operator

operator

Ladies and gentlemen, good day, and welcome to the Shakti Pumps India Limited Q1 FY '25 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Mr. Rohit Anand from Ernst & Young LLP. Thank you, and over to you, Mr. Rohit Anand.

Rohit Anand

attendee

Good afternoon, everyone. Before we proceed, let me remind you that this discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties and other factors. It must be viewed in conjunction with our business risk that could cause future results, performance or achievements to differ significantly from what is expressed or implied by such forward-looking statements. To take us forward through the financial results and development and to answer your questions today, we have the senior management of Shakti Pumps India Limited, represented by Mr. Dinesh Patidar, Chairman; Mr. Ramesh Patidar, Managing Director; Mr. Dinesh Patel, Chief Financial Officer; and Mr. Ravi Patidar, Company Secretary and Compliance Officer. We will start the call with a brief overview of the past quarter by Mr. Patidar followed by an interactive Q&A session. I will now hand over the call to Mr. Patidar. Over to you, sir.

Dinesh Patidar

executive

[Foreign Language]

Dinesh Patel

executive

Thank you, sir. Good afternoon, everyone. During the Q1 FY '25, our revenue was at INR 567.6 crores, which increased from INR 113.1 crore in the same quarter last year, reporting a growth of 4x. Our EBITDA stood at INR 135.9 crore as against INR 7.9 crore in Q1 FY '24. EBITDA margins were at 23.9% in this quarter, as against 7% in Q1 FY '24. The expansion in margin was largely driven by economics of scale and higher execution of orders along with some benefit accrued due to declined raw material prices. Profit after tax stood at INR 92.6 crore compared to INR 1 crore in Q1 FY '24. Rate margin stood at 16.3% as compared to 0.9% in the corresponding quarter of the previous fiscal. The company's long-term credit rating has been upgraded to A+ stable from India Ratings and Research. With our strong balance sheet and the key metrics, we are confident in the timely completion of order book and consolidate our position in the market. With this, I now request the moderator to open the floor for question and answer. Thank you.

Operator

operator

[Operator Instructions] The first question is from the line of Deepak Purswani from Swan Investments.

Deepak Purswani

analyst

Congratulations on very good set of numbers. Sir, firstly, [Foreign Language]

Dinesh Patidar

executive

[Foreign Language]

Deepak Purswani

analyst

[Foreign Language]

Dinesh Patidar

executive

[Foreign Language]

Deepak Purswani

analyst

#10

[Foreign Language]

Dinesh Patidar

executive

#11

[Foreign Language]

Deepak Purswani

analyst

#12

[Foreign Language]

Dinesh Patidar

executive

#13

[Foreign Language]

Deepak Purswani

analyst

#14

Okay. Sir, [Foreign Language] there are some new players who are also entering in this space. [Foreign Language]

Dinesh Patidar

executive

#15

[Foreign Language]

Deepak Purswani

analyst

#16

Okay. And secondly, sir, on the margin front [Foreign Language]

Dinesh Patidar

executive

#17

[Foreign Language]

Deepak Purswani

analyst

#18

[Foreign Language]

Operator

operator

#19

[Operator Instructions]

Deepak Purswani

analyst

#20

Yes. I'm just continuing the existing question.

Dinesh Patidar

executive

#21

[Foreign Language]

Operator

operator

#22

The next question is from Aashish Upganlawar from InvesQ.

Aashish Upganlawar

analyst

#23

Sir, on the Ajmer pilot project, any updates on that? And [Foreign Language] how things are looking and [Foreign Language] if it goes through, in the next maybe 1 or 2 years? How things look?

Dinesh Patidar

executive

#24

[Foreign Language]

Aashish Upganlawar

analyst

#25

[Foreign Language]

Dinesh Patidar

executive

#26

[Foreign Language]

Aashish Upganlawar

analyst

#27

[Foreign Language] As of now, whatever you know.

Dinesh Patidar

executive

#28

Same time. [Foreign Language]

Aashish Upganlawar

analyst

#29

Okay. Okay. [Foreign Language]

Dinesh Patidar

executive

#30

[Foreign Language]

Operator

operator

#31

[Operator Instructions] So the next question is from Harshil Solanki from Equitree Capital.

Harshil Solanki

analyst

#32

[Foreign Language]

Dinesh Patidar

executive

#33

[Foreign Language]

Harshil Solanki

analyst

#34

[Foreign Language]

Dinesh Patidar

executive

#35

Right. Right.

Harshil Solanki

analyst

#36

[Foreign Language]

Dinesh Patidar

executive

#37

[Foreign Language]

Harshil Solanki

analyst

#38

Got it. Got it. [Foreign Language]

Dinesh Patidar

executive

#39

[Foreign Language]

Harshil Solanki

analyst

#40

Okay. Okay. [Foreign Language]

Dinesh Patidar

executive

#41

[Foreign Language]

Dinesh Patel

executive

#42

[Foreign Language]

Harshil Solanki

analyst

#43

[Foreign Language]

Dinesh Patel

executive

#44

[Foreign Language]

Harshil Solanki

analyst

#45

Yes, yes.

Operator

operator

#46

[Operator Instructions]

Harshil Solanki

analyst

#47

Yes, right after this answer, I'll get back.

Dinesh Patel

executive

#48

[Foreign Language]

Operator

operator

#49

So, sir the next question is from -- the next question is from Avi Agarwal from Arihant Capital Markets Limited.

Avi Agarwal

analyst

#50

[Foreign Language]

Dinesh Patidar

executive

#51

[Foreign Language]

Avi Agarwal

analyst

#52

[Foreign Language]

Dinesh Patidar

executive

#53

[Foreign Language]

Avi Agarwal

analyst

#54

[Foreign Language]

Dinesh Patidar

executive

#55

[Foreign Language]

Operator

operator

#56

The next question is from [ Parth Mehta ] [indiscernible]. Sorry, the next question is from [indiscernible].

Unknown Analyst

analyst

#57

[Foreign Language]

Dinesh Patidar

executive

#58

Thank you, Rajesh-ji. Thank You.

Unknown Analyst

analyst

#59

[Foreign Language]

Dinesh Patidar

executive

#60

[Foreign Language]

Unknown Analyst

analyst

#61

[Foreign Language] central government, everything is clear.

Dinesh Patidar

executive

#62

[Foreign Language] Everything is very clear. [Foreign Language]

Unknown Analyst

analyst

#63

[Foreign Language] situation of all stakeholders.

Dinesh Patidar

executive

#64

Right, sir. Everybody should...

Unknown Analyst

analyst

#65

Very good. [Foreign Language] CFO can share the number or you have the number. [Foreign Language]

Dinesh Patel

executive

#66

[Foreign Language] around 70,000, 80,000-something.

Unknown Analyst

analyst

#67

70,000, 80,000. [Foreign Language]

Dinesh Patel

executive

#68

[Foreign Language]

Unknown Analyst

analyst

#69

[Foreign Language] percentage of revenue would be how much?

Operator

operator

#70

[Operator Instructions]

Dinesh Patidar

executive

#71

78%.

Unknown Analyst

analyst

#72

78%. Okay. Congratulations and all the best.

Operator

operator

#73

The next question is from Tushar Jain from Sumitomo Mitsui DS Asset Management.

Tushar Jain

analyst

#74

[Foreign Language]

Dinesh Patidar

executive

#75

[Foreign Language]

Tushar Jain

analyst

#76

[Foreign Language] major raw material [Foreign Language]

Dinesh Patidar

executive

#77

Major raw material, solar panel, stainless steel, copper [Foreign Language]. Stainless steel, copper, solar panel.

Tushar Jain

analyst

#78

[Foreign Language]

Dinesh Patidar

executive

#79

[Foreign Language]

Operator

operator

#80

The next question is from Ajay Kumar Surya from Niveshaay.

Ajay Surya

analyst

#81

Sir, congratulation on this fantastic number. [Foreign Language]

Dinesh Patidar

executive

#82

[Foreign Language]

Ajay Surya

analyst

#83

[Foreign Language]

Dinesh Patel

executive

#84

[Foreign Language]

Dinesh Patidar

executive

#85

[Foreign Language]

Ajay Surya

analyst

#86

[Foreign Language]

Dinesh Patidar

executive

#87

[Foreign Language]

Ajay Surya

analyst

#88

[Foreign Language]

Dinesh Patidar

executive

#89

[Foreign Language].

Ajay Surya

analyst

#90

[Foreign Language] So going forward, sir, [Foreign Language]

Dinesh Patidar

executive

#91

[Foreign Language]

Ajay Surya

analyst

#92

Sir. And sir, [Foreign Language]

Operator

operator

#93

[Operator Instructions] The next question is from Swati Jhunjhunwala from JM Financial.

Swati Jhunjhunwala

analyst

#94

[Foreign Language] submersible pumps versus solar pumps [Foreign Language]

Dinesh Patidar

executive

#95

Okay. [Foreign Language]

Swati Jhunjhunwala

analyst

#96

[Foreign Language]

Dinesh Patidar

executive

#97

[Foreign Language]

Operator

operator

#98

The next question is from Bharat Shah from Ask Investment Managers Limited. [Operator Instructions] The next question is from [indiscernible].

Unknown Analyst

analyst

#99

[Foreign Language] Slide #30 or 31. Slide #30 [Foreign Language].

Dinesh Patidar

executive

#100

[Foreign Language]

Dinesh Patel

executive

#101

[Foreign Language]

Unknown Analyst

analyst

#102

[Foreign Language]

Dinesh Patidar

executive

#103

[Foreign Language]

Unknown Analyst

analyst

#104

[Foreign Language]

Dinesh Patidar

executive

#105

[Foreign Language]

Unknown Analyst

analyst

#106

Sir, [Foreign Language] market size [Foreign Language] 1,470 billion.

Dinesh Patel

executive

#107

[Foreign Language]

Unknown Analyst

analyst

#108

[Foreign Language]

Dinesh Patidar

executive

#109

[Foreign Language]

Unknown Analyst

analyst

#110

Sir, is the [Foreign Language] replacement cycle [Foreign Language].

Dinesh Patidar

executive

#111

[Foreign Language]

Unknown Analyst

analyst

#112

[Foreign Language]

Dinesh Patidar

executive

#113

[Foreign Language]

Unknown Analyst

analyst

#114

Okay. Sir, last question, [Foreign Language] EBITDA margin [Foreign Language] somewhere around [Foreign Language]

Dinesh Patel

executive

#115

[Foreign Language]

Operator

operator

#116

The next question is from Bharat Shah from ASK Investment Managers Limited.

Bharat Shah

analyst

#117

[Foreign Language]

Dinesh Patel

executive

#118

[Foreign Language] 15% to 16% of margin [Foreign Language] 30% the growth to minimum [Foreign Language] EBITDA margin level [Foreign Language] 15% to 16% growth level [Foreign Language].

Bharat Shah

analyst

#119

30% [Foreign Language].

Dinesh Patidar

executive

#120

Year-on-year basis [Foreign Language] Quarter-on-quarter basis [Foreign Language] quarter-on-quarter basis [Foreign Language] INR 500 crores.

Bharat Shah

analyst

#121

[Foreign Language]

Dinesh Patidar

executive

#122

[Foreign Language]

Bharat Shah

analyst

#123

[Foreign Language]

Dinesh Patidar

executive

#124

[Foreign Language]

Bharat Shah

analyst

#125

[Foreign Language] margin structurally [Foreign Language]

Dinesh Patidar

executive

#126

Mostly the external factor [Foreign Language] raw material, the prices [Foreign Language] 65% raw material [Foreign Language]

Bharat Shah

analyst

#127

[Foreign Language]

Dinesh Patidar

executive

#128

[Foreign Language] especially power electronics or motor [Foreign Language]

Operator

operator

#129

The next question is from Darshil Pandya from Finterest Capital.

Darshil Pandya

analyst

#130

[Foreign Language]

Dinesh Patidar

executive

#131

'27 [Foreign Language]

Darshil Pandya

analyst

#132

'27. Okay. And [Foreign Language]

Dinesh Patidar

executive

#133

[Foreign Language]

Darshil Pandya

analyst

#134

[Foreign Language]

Dinesh Patidar

executive

#135

[Foreign Language]

Darshil Pandya

analyst

#136

Sir, [Foreign Language]

Dinesh Patidar

executive

#137

[Foreign Language]

Darshil Pandya

analyst

#138

[Foreign Language] Question, sir. [Foreign Language]

Dinesh Patidar

executive

#139

[Foreign Language]

Dinesh Patel

executive

#140

[Foreign Language]

Darshil Pandya

analyst

#141

Okay. Okay. And, sir...

Dinesh Patidar

executive

#142

[Foreign Language]

Darshil Pandya

analyst

#143

Got it. Got it. And sir, [Foreign Language]

Dinesh Patidar

executive

#144

[Foreign Language]

Darshil Pandya

analyst

#145

And congratulations and all the best for the coming quarters.

Operator

operator

#146

The next question is from Ketan Athavale from RoboCapital.

Ketan Athavale

analyst

#147

[Foreign Language]

Dinesh Patidar

executive

#148

[Foreign Language] around 15,000 pumps, revenue around INR 445 crore.

Ketan Athavale

analyst

#149

Okay. [Foreign Language] Rough figure.

Dinesh Patidar

executive

#150

[Foreign Language]

Operator

operator

#151

The next question is from CA Garvit Goyal from Invest Analytics Advisory, LLP.

CA Garvit Goyal

analyst

#152

Am I Audible?

Dinesh Patidar

executive

#153

[indiscernible].

CA Garvit Goyal

analyst

#154

Congrats for a good set of numbers, sir. Just one question on the sustainability of the growth. [Foreign Language]. And secondly, sir, [Foreign Language]

Dinesh Patidar

executive

#155

[Foreign Language]

CA Garvit Goyal

analyst

#156

[Foreign Language]

Dinesh Patidar

executive

#157

[Foreign Language]

CA Garvit Goyal

analyst

#158

So sir, total CapEx [Foreign Language]

Dinesh Patidar

executive

#159

INR 250 crore [Foreign Language] INR 200 crore support [Foreign Language]

CA Garvit Goyal

analyst

#160

[Foreign Language]

Dinesh Patidar

executive

#161

[Foreign Language]

CA Garvit Goyal

analyst

#162

[Foreign Language]

Dinesh Patel

executive

#163

[Foreign Language]

CA Garvit Goyal

analyst

#164

And, sir, [Foreign Language]

Dinesh Patel

executive

#165

[Foreign Language]

Dinesh Patidar

executive

#166

[Foreign Language]

CA Garvit Goyal

analyst

#167

And just last question, sir, quarter [Foreign Language]

Dinesh Patidar

executive

#168

[Foreign Language]

CA Garvit Goyal

analyst

#169

[Foreign Language]

Dinesh Patidar

executive

#170

[Foreign Language]

Dinesh Patel

executive

#171

[Foreign Language] for the next 15 months.

Operator

operator

#172

Ladies and gentlemen, due to time constraints, we will take that as a last question. I would now like to hand the conference over to Mr. Dinesh Patidar for closing comments.

Dinesh Patidar

executive

#173

[Foreign Language] Thank you very much.

Operator

operator

#174

On behalf of that, concludes Shakti Pumps India Limited, this conference. Thank you for joining us, and you now disconnect your lines.

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