Realizations and Deferred Orders Lag the Performance: Shakti's revenue de-grew by 24.7% YoY due to deferment of solar integrated orders from Madhya Pradesh which they got in this quarter. Shakti is still looking for amajor traction in solar pumps business as there is a huge opportunity in the solar pump segment. The absolute EBITDA and margins have declined by 29.5% and 91 bps respectively.