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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Jubilant Industries Ltd. is the flagship Company of Agri and Performance Polymers business of the Jubilant Bhartia group. It is leading producer of Agri and Performance Polymer products comprising consumer products like adhesives, wood finishes, application polymers like emulsion polymers, food polymers and latex such as vinyl pyridine, SBR, NBR latex, Crop Nutrition, Crop Growth, Crop Protection and IMFL. Company offers broad range of technology based products and solutions to customers in India as well as globally. Over the years, this business has attained a significant size in India and the Company aims at scaling up its business in global markets. Performance Polymers Performance polymers are having specific properties like temperature stability, chemical stability, mechanical properties and find wide range of application as given below. Food Polymers Jubilant Ind is number one in India and one of the three major global suppliers of So...

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