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

For the entire financial year 2020-21 (FY21), Shakti Pumps posted a consolidated net profit of Rs 75.59 crore as against a net loss of Rs 14.08 crore in FY20

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