Solar Pump Stock Fall 8% as EBITDA Plunges 53% Despite 12% Revenue Growth; What's Weighing on the Stock?
India, Oct. 26 -- The shares of this small cap company majorly engaged in manufacturing of pumps and motors of various kinds with offering advanced water pumping solutions to a wide range of applications such as irrigation, horticulture and many more were in focus after announcing Q2 FY27 result
With the market capitalization of Rs. 4,514 Crores, the shares of Shakti Pumps (India) Ltd reached an intraday low of Rs. 353.80 per share, falling nearly 8 percent from its previous day close of Rs. 386.60 per share and is trading at a P/E of 28.2 whereas industry P/E stands at 36.7
Revenue Growth Contrasts With a Sharp Fall in EBITDA
Shakti Pumps (India) Ltd witnessed growth in revenue for Q2 FY27, however, the company's operating profitabi...
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