Shakti Pumps Q1 PAT surges 20% YoY to Rs 8.74 cr

14 Jul 2022 , 01:06 PM

Profit before tax stood at Rs 11.74 crore in Q1 FY23, registering a growth of 81.02% from Rs 6.49 crore in Q1 FY22. Total expenses spiked 61.37% to Rs 243.81 crore in Q1 FY23 over Q1 FY22. Cost of raw material consumed soared 65.92% to Rs 226.44 crore and employee benefit expenses grew 11.23% to Rs 13.46 crore recorded in Q1 FY23 compared with the corresponding quarter previous year. Shakti Pumps (India) makes energy-efficient pumps and motors. With a leading position in solar pump markets in India, Shakti exports a wide range of pumping products to over 100 countries globally. Shares of Shakti Pumps (India) were down 1.74% to Rs 515.40 on the BSE. Powered by Capital Market – Live News