Shakti Pumps Q1FY19 profit surges 33 per cent

Shakti Pumps reported healthy numbers for the quarter ended June, 2018, on Thursday after market hours.
  
The company’s consolidated revenue for the quarter came in at Rs. 96 crore, registering an increase of 6.7 per cent YoY.
  
Geographically, the company's revenue from India, FZE and Australia rose by 9 per cent, 64.8 per cent and 465.8 per cent YoY, respectively. However, revenue from the US declined by 18.9 per cent YoY.
  
Its EBITDA for the quarter rose by 2.9 per cent YoY to Rs. 13 crore with a corresponding margin contraction of 50 bps. The EBITDA margin for the quarter stood at 13.7 per cent.
  
The PAT for the quarter came in at Rs. 6.6 crore, an increase of 33 per cent YoY.
  
Shakti Pumps is a manufacturer of water pumps and motors. In 2012, it initiated manufacturing of solar pumps and now it has become the market leader in this sector.
  
On Thursday, the stock opened at Rs 482.80 and made an intra-day high and low of Rs. 503.50 and Rs. 481.25, respectively, and finally closed at Rs 498.50 on the BSE.