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Shakti Pumps rallies 8% on winning Rs 258-cr Haryana green power contract

Shakti Pumps surges 33% in three days on strong March quarter results

Shares of Shakti Pumps (India) surged 20 per cent to Rs 742.65 on the BSE in intra-day trade on Thursday, taking the rally to 33 per cent in the past three days, after a strong show in the March quarter. The company which is engaged in the pump and motors business reported a consolidated net profit of Rs 30.50 crore for the quarter ended March 2021 (Q4FY21). It had posted a consolidated net loss of Rs 6.15 crore in the year-ago quarter and Rs 26.53 crore profit in the previous quarter. The company’s revenue from operations during the quarter under review grew over three-fold to Rs 319.71 crore from Rs 92.56 crore in the corresponding quarter of the previous fiscal. It posted operational profit or Ebitda (earnings before interest, taxes, depreciation, and amortisation) of Rs 51.35 crore in comparison to a loss of Rs 1.41 crore in the previous year quarter.

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