Shakti Pumps soars 14% on robust Q4 profit

Shakti Pumps (India) Ltd standalone net profit of Rs.5 crore in Q3FY17, vs net loss of Rs. 4.20 crore in Q3FY16 : Estimates Mixed

Shakti Pumps Ltd.'s Q3FY17 standalone results for the quarter came in mixed versus consensus estimates. Revenue for the quarter came in 11.8 % higher than the estimated figure of Rs. 90 crore. However, net profit for the quarter came in 23.6 % lower than the estimated figure of Rs. 7.02 crore.

Shakti Pumps Ltd. standalone revenue for the quarter came in at Rs. 100 crore, registering 49.3% yoy increase.

EBITDA for the quarter stood at Rs. 16 crore with a corresponding margin expansion of 1615 bps. EBITDA margin for the quarter stood at 16.2%.

The net profit for the quarter came in at Rs. 5 crore vs net loss of Rs.4.19 crore.

Shakti Pumps (India) Ltd ended at Rs. 168.7, up by 5.25 points or 3.21% from its previous closing of Rs. 163.45 on the BSE.
The scrip opened at Rs. 166.9 and touched a high and low of Rs. 171.9 and Rs. 165.55 respectively. A total of 186704(NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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