{"id":137849,"date":"2022-11-15T03:30:00","date_gmt":"2022-11-15T08:30:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=137849"},"modified":"2022-11-25T06:02:53","modified_gmt":"2022-11-25T11:02:53","slug":"shakti-pumps-india-limited-shaktipump-q2-fy23-earnings-concall-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/shakti-pumps-india-limited-shaktipump-q2-fy23-earnings-concall-transcript\/","title":{"rendered":"Shakti Pumps (India) Limited (SHAKTIPUMP) Q2 FY23 Earnings Concall Transcript"},"content":{"rendered":"

Shakti Pumps (India) Limited (NSE: SHAKTIPUMP<\/a>) Q2 FY23 Earnings Concall dated Nov. 15, 2022<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Dinesh Patel<\/strong>\u00a0—\u00a0Chief Financial Officer<\/em><\/p>\n

Analysts:<\/h2>\n

Rohit Anand<\/strong>\u00a0—\u00a0Analyst<\/em><\/p>\n

Unidentified Participant<\/strong>\u00a0—\u00a0— Analyst<\/em><\/p>\n

Punit Mittal<\/strong>\u00a0—\u00a0Global Core Capital — Analyst<\/em><\/p>\n

Nirav Asher<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0The Economic Times — Analyst<\/em><\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, good day and welcome to the Shakti Pumps (India) Limited Q2 and H1 FY’23 Earnings Conference Call. [Operator Instructions].<\/p>\n

I now hand the conference over to Mr. Rohit Anand from Ernst & Young. Thank you and over to you, sir.<\/p>\n

Rohit Anand<\/strong>\u00a0—\u00a0Analyst<\/em><\/p>\n

Thank you, and good afternoon, everyone. Before we proceed, let me remind you that the discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties and other factors. It must be viewed in conjunction with our business risks that could cause future results performance or achievements to differ significantly from what is expressed or implied by such forward-looking statements.<\/p>\n

To take us through the financial results and the key development and to answer your questions today, we have the senior management of Shakti Pumps (India) Limited, represented by Mr. Dinesh Patidar, Managing Director; Mr. Ramesh Patidar, Executive Director, Exports; Mr. Dinesh Patel, Chief Financial Officer; and Mr. Ravi Patidar, CS and Compliance Officer. We will start the call with brief overview of the past quarter by Mr. Dinesh Patidar, followed by a Q&A session.<\/p>\n

I will now hand over the call to Mr. Patidar. Over to you, sir.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you, Rohit. [Foreign Speech].<\/p>\n

Over to Dinesh Patel.<\/p>\n

Dinesh Patel<\/strong>\u00a0—\u00a0Chief Financial Officer<\/em><\/p>\n

Thank you, sir. This is Dinesh Patel, CFO of Shakti Pumps (India) Limited. With regards to the financial highlights for the Q2 and H1 FY ’23, our revenue from operation stood at INR2,163 million in Q2 FY’23 as compared to INR3,690 million in Q2 FY’22. In H1 FY’23, the revenue was at INR4,708 million as against INR5,253 million in H1 FY’22. EBITDA was at INR124 million in Q2 FY’23, with an EBITDA margin of 5.8%. For H1 FY’23, EBITDA was at INR338 million, with an EBITDA margin of 7.2%. The Company reported profit after tax of INR19 million in Q2 FY’23 and INR106 million in H1 FY’23.<\/p>\n

This is all from my side. With this, we can now open the floor for question and answers.<\/p>\n

Questions and Answers:<\/h2>\n

Operator<\/strong><\/p>\n

Thank you very much. We’ll now begin the question-and-answer session. [Operator Instructions] The first question is from the line of John Kumar [Phonetic] from Credit Suisse. Please go ahead.<\/p>\n

Unidentified Participant<\/strong>\u00a0—\u00a0— Analyst<\/em><\/p>\n

Yeah. Thanks so much. I have a couple of questions. My first question is on raw material costs. So if I see — for a couple of quarters, I mean, the raw material cost was almost very near to the sales. But when I look into this quarterly results, again the raw material cost has been reduced by almost one by two. So our sales was around 21 something, and raw material cost was somewhere around 12 something. So how do we manage to do that? Can you explain on that? Can we have the same cons [Phonetic] further quarters as well?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Yeah. Mr. John, it is very clear because this raw material, major portion, 60% of the — your major portion was solar pricing [Foreign Speech].<\/p>\n

Unidentified Participant<\/strong>\u00a0—\u00a0— Analyst<\/em><\/p>\n

Okay. Very clear there. Yeah. And my second question is on, I mean, KUSUM 2, the discussion with the central government. When are you hoping to get the update from the central government on [Speech Overlap]?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

John, it is very, very million-dollar question. Really, I appreciate this question. Because see, in our end, whatever my hand and my team had this production capacity, production quality, marketing and installation.<\/p>\n

[Foreign Speech].<\/p>\n

Unidentified Participant<\/strong>\u00a0—\u00a0— Analyst<\/em><\/p>\n

Okay sir. So, yeah, that’s it from my end. Thank you so much for that information.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you, John. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Punit Mittal from Global Core Capital. Please go ahead.<\/p>\n

Punit Mittal<\/strong>\u00a0—\u00a0Global Core Capital — Analyst<\/em><\/p>\n

Thank you. Thank you, Dinesh ji. Just one or two questions. [Foreign Speech].<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Yes. [Foreign Speech].<\/p>\n

Punit Mittal<\/strong>\u00a0—\u00a0Global Core Capital — Analyst<\/em><\/p>\n

Correct. [Foreign Speech].<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Punit Mittal<\/strong>\u00a0—\u00a0Global Core Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Yes, perfectly right. Because [Foreign Speech].<\/p>\n

Punit Mittal<\/strong>\u00a0—\u00a0Global Core Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Punit Mittal<\/strong>\u00a0—\u00a0Global Core Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Punit Mittal<\/strong>\u00a0—\u00a0Global Core Capital — Analyst<\/em><\/p>\n

Last question, Dinesh Ji, if I can. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Punit Mittal<\/strong>\u00a0—\u00a0Global Core Capital — Analyst<\/em><\/p>\n

[Foreign Speech]. Thank you so much and all the very best, Dinesh Ji. Thank you.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you. Thank you, Mr. Mittal. Thanks.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Nirav Asher from LM Securities. Please go ahead.<\/p>\n

Nirav Asher<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

Thank you for the opportunity sir. [Foreign Speech] government, you are expecting a price hike by Jan 2023. So to get bigger orders apart from the KUSUM Scheme, [Foreign Speech] strategy for non-KUSUM orders or [Foreign Speech] non-KUSUM [Foreign Speech].<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Nirav Asher<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Nirav Asher<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Nirav Asher<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

[Foreign Speech]. So we have to wait for the government for the clarification on the pricing, right?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Right. Definitely.<\/p>\n

Nirav Asher<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Nirav Asher<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

Okay. Let’s see, we wait for the clarity on the government pricing, we are waiting for that only.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Nirav Asher<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

Okay. Okay, sir. All the best. Thank you.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Hardik Vyas from The Economic Times. Please go ahead.<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0The Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0The Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech] So then we will be making — we’ll be comfortable selling those INR12,000 which is in the inventory or even more that we may be manufacturing going ahead? [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Correct.<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0The Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech] We are comfortable selling whatever volume we want to sell?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0The Economic Times — Analyst<\/em><\/p>\n

Okay. Okay. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0The Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0The Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0The Economic Times — Analyst<\/em><\/p>\n

Okay. Thank you so much sir.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you, Hardik. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Forum Makim from Equitree Capital. Please go ahead.<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Hello sir.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Hello.<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech] Hello?<\/p>\n

Operator<\/strong><\/p>\n

Ma’am, we can’t see your audio clearly. Please increase the volume or use the handset mode.<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Hello, is this better? Hello?<\/p>\n

Operator<\/strong><\/p>\n

Yes, ma’am. Please go ahead.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Yeah. It’s better.<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Can you repeat your question?<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

On non-KUSUM?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Okay, sir. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech] So sir, the 20%, 25% price hike [Foreign Speech], will it be enough to cover our raw material price increase [Foreign Speech] solar panels?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Okay sir. Thank you so much.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Vishal S from Svan investments. Please go ahead.<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

Yeah. Good afternoon sir. This is Sachin Kasera here. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Sachin Kasera<\/strong>\u00a0—\u00a0Svan Investment — Analyst<\/em><\/p>\n

Thank you very much. We definitely look forward to visiting you. Thank you.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you sir. Thank you very much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Ladies and gentlemen due to time constraint we will take that as the last question. I would now like to hand the conference over to the management for closing comments.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you. [Foreign Speech]. Thank you very much.<\/p>\n

Operator<\/strong><\/p>\n

[Operator Closing Remarks]<\/p>\n","protected":false},"excerpt":{"rendered":"

Shakti Pumps (India) Limited (NSE: SHAKTIPUMP) Q2 FY23 Earnings Concall dated Nov. 15, 2022 Corporate Participants: Dinesh Patidar\u00a0—\u00a0Managing Director Dinesh Patel\u00a0—\u00a0Chief Financial Officer Analysts: Rohit Anand\u00a0—\u00a0Analyst Unidentified Participant\u00a0—\u00a0— Analyst Punit Mittal\u00a0—\u00a0Global Core Capital — Analyst Nirav Asher\u00a0—\u00a0Latin Manharlal Securities — Analyst Hardik Vyas\u00a0—\u00a0The Economic Times — Analyst Forum Makim\u00a0—\u00a0Equitree Capital — Analyst Sachin Kasera\u00a0—\u00a0Svan Investment […]<\/p>\n","protected":false},"author":1905,"featured_media":71742,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349,5753],"tags":[9478,9194],"class_list":["post-137849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","category-industrials","tag-industirals","tag-specialty-industrial-machinery"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145428,"url":"https:\/\/alphastreet.com\/india\/shakti-pumps-india-limited-shaktipump-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":137849,"position":0},"title":"Shakti Pumps (India) Limited (SHAKTIPUMP) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 9, 2023","format":false,"excerpt":"Shakti Pumps (India) Limited (NSE:SHAKTIPUMP) Q4 FY23 Earnings Concall dated May. 08, 2023. 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