Shakti Pumps stock slumps over 9% as PAT drops over 56% in Q3FY22

18 Jan 2022 , 01:32 PM

Shakti Pumps Limited recorded consolidated revenue of Rs 268.63 crores for the quarter ending December 2021, against the previously reported revenue of Rs 316.66 crores for the previous corresponding quarter, showing the downside of 13.02% YoY.

Its share opened at Rs 687.50 on Tuesday morning trade against the previous closing price of Rs 682.25, up by Rs 5.25 (0.77%). As soon as the Q3 results were announced, the share dived to Rs 625.10, shedding 9.07%.

The consolidated revenue for 9M ending on December 2021, stood at Rs 793.95 crores against Rs 609.95 crores indicating a growth of 30.17% from the corresponding 9M period.

The company’s PAT plunged significantly for Q3 FY’22 by 56.55% YoY and stood at Rs 14.78 crores against Rs 26.53 crores for the quarter ending December 2020.

The consolidated PAT for 9M ending on December 2021, stood at Rs 53.72 crores against Rs 67.69 crores indicating a downfall of 20.64% from the corresponding 9M period.