Mr.
Harish Chandra Gupta, Chairman and Managing Director, Roto Pumps Ltd.
New Delhi : Roto Pumps Ltd. (BSE: 517500,
NSE: ROTO), a globally recognized Indian multi-national leader of industrial
pumps with over five decades of fluid engineering excellence, is pleased to
announce that the Members of the Company at their 49th Annual
General Meeting, inter-alia, have declared a final dividend of Rs. 1.88 per
share, representing 94% of the face value which
would involve a
cash outflow of Rs. 590.46 lakhs. The dividend will be paid to shareholders who
held shares of the company as of 20th September 2024, which is the ex-date for the
payment.
Further, the Members have also approved
the sub-division of the Company’s
shares having face value of Rs. 2/- each into two shares of Rs. 1/- each. This
share split, aimed at enhancing liquidity and affordability for shareholders,
will be implemented in due course. This dividend and the share split underscore
Roto Pumps Ltd.'s commitment to deliver value to its shareholders while
positioning the Company for future growth.
Mr. Harish Chandra
Gupta, Chairman and Managing Director of the Company said, “Roto Pumps is a
trusted institution with a legacy of excellence. This year has been a testament
to our resilience, growth, and strategic transformation. Despite a challenging business environment, the Company achieved
commendable performance, marking another milestone in our journey of creating
long-term value for all stakeholders. From our humble beginning, 56 years ago,
we have consistently triumphed over adversities, seized opportunities, and
strengthened our competitive position. Today, Roto Pumps stands as one of the
most recognized pump manufacturers globally.
While the financial
year Y-24 was a period of economic uncertainty, our company achieved
significant growth. Our revenue from operations increased by 21% to ₹ 230 crore and net profit rose by 20% to ₹36 crore. These results are a reflection of our unwavering commitment
to innovation led growth. The whole year performance would be in line with the Company’s
short-term growth plans. Company is marching ahead to achieve a revenue of 100
million USD by 2028. Our enduring vision continues to guide us and keeps us firmly on track
as we continue to pursue sustainable growth and shared value creation.”
Looking ahead, the
company remains optimistic about the future of the industry. The biogas sector
offers new opportunities, and the global shift toward a China+1 strategy is
reshaping supply chains. Roto Pumps has already made significant progress in
the biogas market, both domestically and internationally, and is
well-positioned to capitalise on this growing trend.
Mr. Gupta further
added that, “Going forward, the Company’s mid-term strategy is to increase sales
in the existing product lines both in export and domestic markets, while
focusing on new products like downhole pumps and mud motors, which are
essential for the oil & gas industry. Company’s initiative and commitment towards Green and clean environment
has also come into foray during the year with the introduction of Solar pumps
in the boutique of offering. With world class enhanced manufacturing
infrastructure and robust Global marketing infrastructure in place,
introduction of these products in the India and Global market would be a game
changer for the Company and it is expected provide tremendous opportunity for
the growth of the Company in the years to come.”
Roto Pumps is
well-positioned to capitalize on emerging opportunities while navigating the
uncertainties of the global market. The strategic priorities being expanding
global footprint, driving product innovation and continuous upgradation of the
manufacturing infrastructure for enhancing operational efficiencies. With
continued investment in R&D and automation, the company aims to introduce more
energy-efficient and cutting-edge solutions that meet ever evolving customer
needs.
About Roto Pumps
Ltd.
A globally preferred
brand in positive displacement pumps, Roto Pumps is a public listed company
with presence across 5 continents and a rich legacy of over 50 years.
Established in 1968, Roto Pumps is the pioneer manufacturer of Progressive
Cavity Pumps in India, renowned for providing efficient and reliable pumping
solutions to a diverse range of industries including Wastewater, Sugar, Paper,
Paint, Oil & Gas, Chemicals & Process, Ceramics, Food & Beverages,
Renewable Energy & Power, Mining & Explosives, Marine & Defense and
many more.
With its state of
the art manufacturing unit based at Greater Noida, India & Ultra modern
R&D centre based at Noida, India, Roto Pumps is successfully exporting to
more than 50 countries.
Roto Pumps is
ambitiously working towards its expansion by strengthening the strategic global
partnerships, establishing new branches & subsidiaries across continents
and aims to be among the top 5 positive displacement pump manufacturers with a
presence in 100+ countries.
For further information about
the company: www.rotopumps.com
For further media queries,
please contact:
Sonia Kulkarni | Hunk Golden
and Media
9820184099 | sonia.kulkarni@hunkgolden.in