Shakti Pumps (India) posts Q4 net profit of Rs 23.25 cr
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The company reported standalone net profit during the quarter stood at Rs 23.25 crore compared to net loss of Rs 6.41 crore in the previous year quarter. Net revenue of the company rose two fold by 280.17 per cent at Rs 308.24 crore in January-March quarter of this fiscal as against Rs 81.08 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 214.38 per cent to Rs 267.98 crore from Rs 85.24 crore in year ago period. Other Income grew by 21.32 per cent at Rs 1.65 crore versus (Mar'20 Rs 1.36 crore). Operating Profit surged by 1065.47 per cent to Rs 40.26 crore as against Rs -4.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 354.09 per cent in March quarter. Interest declined by 46.39 per cent y-o-y to Rs 2.67 crore, while Taxation increased by 309.43 per cent at Rs 11.77 crore (Mar'20 Rs -5.62 crore).
