Shakti Pumps shares hit 5% upper circuit in morning trade after the company reported strong Q2 of FY25 results.
The company reported a whopping 1636% increase in net profit on a yearly basis. The firm generated a net profit of Rs 5.84% in the second quarter of FY24.
However, in the most recent quarter, its net profit (PAT) increased by 1629% to Rs 101.42 crore. Its quarterly net profit climbed by 9.4 percent, from Rs 92.66 crore to Rs 101.42 crore.
Additionally, the firm recorded a 317% increase in revenue, from Rs 153.53 crore in Q2 of FY24 to Rs 640.32 crore in the most recent quarter. The firm recorded an increase of 12 percent on a quarterly basis.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
