Banking on Solar Pumps in Indian Market: Shakti reported sales of Rs. 754 mn / Rs.1463mn for Q2FY17/ H1FY17 showing a growth of 6.4%/14.4% respectively. Operating expenses have surged by 2.0%QoQ and 17.5% YoY impacting EBITDA margins to reach 13.8% from 16.1%representing a 226 bps decline. EBIT margins stood at 9.5% during H1FY17 when compared to 11.4% during H1FY16. PAT has shown a growth of 156.2% QoQ and5.9% YoY. Half year PAT reported at Rs.50 Mn, which is 15.8% lower than H1FY16.