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Shakti Pumps (India) Ltd Q1FY24; 89% fall in Profits

Shakti Pumps (India) Ltd is primarily engaged in manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, commercial and industrial applications. Its brand “Shakti” is well received in the domestic and international markets.

Financial Results:

Shakti Pumps (India) Ltd reported Revenues for Q1FY24 of ₹113.06 Crores down from ₹254.48 Crore year on year, a fall of 55.57%.

Total Expenses for Q1FY24 of ₹112.87 Crores down from ₹243.82 Crores year on year, a fall of 53.71%.

Consolidated Net Profit of ₹1.00 Crores down 88.56% from ₹8.74 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.54, down 88.66% from ₹4.76 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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