Shakti Pumps

Shakti Pumps is on a roll today! The stock price hit a new 52-week high today at Rs.185 and this euphoria was on the back of excellent numbers for Q3Fy17.

On a total income of Rs.100 crore, up 44% (YoY), the company posted a net profit of Rs.5.4 crore v/s loss of Rs.4.2 crore. This turnaround was purely due to operational efficiency and better offtake, has made the marketmen very happy.

EBITDA also came in pretty healthy at Rs.16 crore, up almost 8 times and margins have jumped up from 3.6% to 16.3%.