India's Shakti Pumps slips on Q3 profit slump

Shakti Pumps (India)

16/02/2026 04:36

** Shakti Pumps (India) SHPU.NS slips as much as 13.8% to 552.1 rupees

** Co reports 70% y/y decline in Q3 consol profit; Q3 EBITDA margin at 10.7% vs year-ago 23.8%

** Says pressure on margins on account of lower realisation, increase in raw material prices, high employee costs, driven by one-time cost impact arising from implementation of new labour code

** More than 1.4 mln shares traded vs 30-day moving avg of ~1.2 mln

** SHPU last down 8.8%, taking YTD losses to 11.6%

($1 = 90.6590 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))