The Board has approved the standalone and consolidated financial results for the third quarter and cumulative period ending December 31, 2024. Standalone revenue stood at ₹57.52 crore, with a net profit of ₹35.75 crore. Notably, Mrs. Saroj Punhani has been appointed as an Additional Director (Independent Woman Director) for five years, subject to shareholder approval.
The company has also authorized management to explore acquisitions in the pump manufacturing sector, valued between ₹40 to ₹50 crore, aiming to enhance its product offerings. This development suggests a strategic push for growth, which could present opportunities for investors, albeit with inherent risks associated with acquisitions and market dynamics.