NSE:SHAKTIPUMP

2 stories mentioning NSE:SHAKTIPUMPUpdated 43d ago

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Shakti Pumps' (India) Consolidated Profit Plunges in Fiscal Q4; Shares Plummet 8%

Shakti Pumps (India) (NSE:SHAKTIPUMP, BOM:531431) recorded a sharp decline in its consolidated profit to 383.3 million Indian rupees in the fiscal fourth quarter ended March 31, against 1.10 billion rupees a year ago.Shares of the company fell 8% in Friday's trade.Earnings per share plunged to 3.10 rupees compared with the year-ago figure of 9.17 rupees, according to a Thursday filing to the Indian stock exchanges by the pumps manufacturer.Revenue from operations in fiscal Q4 increased to 8.58 billion rupees from 6.65 billion rupees a year earlier.The company's board recommended a final dividend of 1 rupee per share for the financial year ended March 31.

BOM:531431NSE:SHAKTIPUMP

Asia62d ago

Shakti Pumps (India) Invests INR100 Million in EV Mobility Unit

Shakti Pumps (India) (NSE:SHAKTIPUMP, BOM:531431) said it has invested 100 million Indian rupees in its wholly owned subsidiary Shakti EV Mobility by subscribing to 10 million equity shares, according to a Tuesday filing to the Indian stock exchanges.Shares of the company rose 1% in Wednesday's trade.With this, Shakti Pumps' total investment in the EV mobility unit has increased to 650 million Indian rupees, the filing said.The investment is aimed at supporting business expansion of the subsidiary, it added.

BOM:531431NSE:SHAKTIPUMP

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