Shakti Pumps soars on jump in Q4 net

The company's net profit jumped 99.4% to Rs 9.71 crore in the March quarter.

Shakti Pumps India has surged in this session after reporting a stellar set of numbers after market hours on Wednesday. The shares are trading at Rs 112, stronger by Rs 13 or 13%, on the BSE. The shares had opened at Rs 106 and have touched a low of Rs 104 and a high of Rs 115 thus far.

 

The company's net profit jumped 99.4% to Rs 9.71 crore on a 90.6% increase in net sales to Rs 98.14 crore in Q4 March 2014 over Q4 March 2013.

 

Meanwhile, at its meeting held on Wednesday, the company's board of directors also recommended a final dividend of Rs 2 per share for the year ended 31 March 2014.