Shakti Pumps soars 14% on robust Q4 profit

The company reported net profit of Rs 11 crore in Q4FY17 against Rs 22 lakh in year ago quarter.

Shakti Pumps (India)  soared 14% to Rs 307, also its record high on BSE, after the company reported net profit of Rs 11 crore in March 2017 (Q4FY17) quarter, on the back of strong operational income. The company engaged in pumps & motors business had reported profit of Rs 22 lakh in the same quarter of last fiscal year.

Net sales of the company during the quarter under review more than doubled to Rs 164 crore in Q4FY17 against Rs 73 crore in the corresponding quarter of previous year.

For the financial year 2016-17