Latteys Industries Limited, a prominent NSE-listed company specializing in energy-efficient solar submersible pumps, has reported exceptional financial results for the quarter and half-year ending September 2024. Revenue surged by 18.90% to ₹1,873.46 lakh compared to ₹1,575 lakh in the same period last year, while net profit soared by an impressive 176.38% to ₹70.12 lakh from ₹25.37 lakh, also reflecting an 86.20% sequential growth over the previous quarter.
Additionally, earnings per share (EPS) tripled, marking a 200% increase from ₹0.04 to ₹0.12. Latteys Industries is expanding its footprint in the solar water pump sector, with significant projects in Madhya Pradesh, Maharashtra, Gujarat, and Uttar Pradesh. Additional orders are anticipated, reinforcing its role in advancing India’s green energy goals.
Recently, the company secured a landmark ₹30 crore contract under the PM-KUSUM scheme for installing 1,000 off-grid solar water pumping systems in Rajasthan. This project includes design, installation, testing, and a five-year maintenance warranty, demonstrating Latteys’ commitment to high-quality and sustainable solutions. The company holds orders totaling ₹37.525 crore, with further agreements expected soon, underscoring strong market confidence in its offerings.
Kapoor Chand Garg, Promoter of Latteys Industries, remarked, “We are thrilled with our robust performance, which reflects the trust our clients place in us. Our focus on delivering sustainable and innovative solutions continues to drive our success. We look forward to achieving even greater milestones.”
Founded in 2004, Latteys Industries Limited is a leading manufacturer of pumping solutions catering to agricultural, industrial, domestic, and horticultural sectors. Operating from a state-of-the-art facility in Gujarat, the company produces over 1,80,000 pumps annually across more than 700 models, including submersible, centrifugal monoblock, and shallow-well pumps. With a widespread network of branches in Kanpur, Patna, Delhi, Ranchi, Jaipur, and Indore, Latteys Industries continues to strengthen its pan-India presence while delivering innovative and sustainable solutions to its customers.
