India's Shakti Pumps gains on Q2 profit surge

Shakti Pumps (India)

28/10/2024 05:11

** Shares of Shakti Pumps  SHPU.NS  rise 5% to 4,451.4
rupees
    ** Industrial machinery and equipment maker saw a
seventeen-fold surge in Q2 consol profit to 1.01 bln rupees ($12
mln); rev from ops gained four-fold
    ** Co said growth aided by faster execution of domestic and
international orders
    ** Stock has surged over four-fold so far this year



($1 = 84.0710 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))