As per recent announcement, Company has commenced commercial production of Downhole Pumps at Greater Noida. The same will be available for both domestic and international market (mainly for Middle East in view of primary usage of downhole pumps in oil and gas segment).
ROTO Pumps, commercial production of downhole pumps.pdf (236.9 KB)
Financials Performance of FY 2023-24
The company recorded a top- and bottom-line growth of 22% and 18%, respectively, which is somewhat less than the average of the preceding three years’ performance.
As per AFS of 2022-23, the company’s domestic sales were Rs 65.02cr (29%), while its export sales were Rs 160.75cr (71%) of total sales. The company recorded a modest 9% growth in export sales (i.e. Rs 177cr approx.) this year, and a more than 50% gain in domestic sales (Rs 97cr approx.) As a result, total growth has slightly decreased and due to slight decrease in sales of spare parts the margins were relatively lower.
Guidance:
The company is expecting growth of over 25% in the export sales in view of new products and plant launched recently. On domestic front company, a growth of 25% and a revenue of Rs 20-25cr from the sale of solar pumps expected. The company is expecting to generate a topline of Rs 100cr from solar pump division in a span of next 3 years.