Ahmedabad – Latteys Industries Limited, a NSE-listed leader in energy-efficient submersible pumps, has announced remarkable financial results for the quarter ending September 2024. The company’s revenue surged from ₹1,575 lakhs to ₹1,873.46 lakhs, marking an 18.90% increase compared to the same period last year. Net profit witnessed an impressive growth of 176.38%, rising from ₹25.37 lakhs to ₹70.12 lakhs. Sequentially, net profit grew by 86.20% compared to the previous quarter. Additionally, the company’s earnings per share (EPS) saw a threefold increase, jumping 200% from ₹0.04 to ₹0.12.
Latteys Industries continues to expand its presence in the solar water pump segment and is currently empanelled for installations in Madhya Pradesh, Maharashtra, Gujarat, and Uttar Pradesh. With additional orders on the horizon, the company is well-positioned to contribute significantly to India’s green energy initiatives. Efforts are underway to further expand operations into unrepresented regions, strengthening the company’s market footprint.
Commenting on the company’s performance, Mr. Kapoor Chand Garg, Promoter of Latteys Industries Limited, said: “We are delighted with the company’s performance and deeply value the trust our clients place in us. Our commitment to delivering high-quality, a sustainable solution remains unwavering, and we are confident in our ability to achieve even better results year after year.”
Latteys Industries’ strong focus on sustainability and energy efficiency aligns with its mission to cater to growing demands across agriculture, industry, and domestic markets.