17 Jan 2021 | 3:20 AM


Shakti Pumps (In posts Q2 net loss of Rs 5.14 cr
  Shakti Pumps (India) Ltd. | 17 Jan 2020 | 10:50 AM
Published on 11-14-2019
The company reported standalone net loss during the quarter stood at Rs 5.14 crore compared to net profit of Rs 7.01 crore in the previous year quarter. 

Net revenue of the company declined substantially by 32.97 per cent at Rs 86.53 crore in July-September quarter of this fiscal as against Rs 129.10 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 21.78 per cent to Rs 86.74 crore from Rs 110.89 crore in year ago period.

Other Income grew by 76.92 per cent at Rs 0.46 crore versus (Sep`18 Rs 0.26 crore).

Operating Profit slipped by 101.15 per cent to Rs -0.21 crore as against Rs 18.21 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 101.70 per cent in September quarter.

Interest grew by 11.81 per cent y-o-y to Rs 4.64 crore while Taxation decreased by 192.18 per cent at Rs -3.30 crore (Sep`18 Rs 3.58 crore).