New Delhi, September 30, 2024… 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
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Sonia Kulkarni | Hunk Golden and Media
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