Shakti Pumps Delivers Record Revenue and Strong Operational Momentum in Q1 FY27

Shakti Pumps Delivers Record Revenue and Strong Operational Momentum in Q1 FY27​

Indore, Madhya Pradesh, 24th July 2026: Shakti Pumps (India) Limited (SPIL), a manufacturer of energy efficient pumps and solar pumping solutions, has announced its financial results for the quarter ended June 30, 2026. The company reported a record consolidated revenue, demonstrating strong execution and sustained demand across its core markets.

Chairman Mr. Dinesh Patidar commented that the performance reflected robust operational execution and an improved working capital position. Despite facing input cost pressures and lower realizations on select orders, SPIL maintained broadly stable EBITDA margins sequentially. The company also noted healthy momentum in its export business despite global uncertainties.

Key Financial and Operational Highlights​

The consolidated financial results for Q1 FY27 showed significant performance across various metrics. Revenue from Operations hit a record high of Rs. 8,587 Mn. EBITDA for the quarter was Rs. 829 Mn, translating to an EBITDA margin of 9.6%, which was noted as broadly steady on a sequential basis compared to Q4 FY26. Profit After Tax (PAT) stood at Rs. 516 Mn in Q1 FY27, marking a growth of 34.6% Quarter-on-Quarter (QoQ) compared to the Rs. 383 Mn reported in Q4 FY26.

The financial performance across the last two years is detailed below:

Segment Performance and Market Positioning​

The Solar Pumps business, a core growth engine for the company, showed strong momentum. The installation count grew by 57.6% Year-on-Year (YoY), reaching 27,678 pumps in Q1 FY27, up from 17,557 pumps in Q1 FY26. Concurrently, revenue from the Solar Pumps business reached Rs. 6,851 Mn, achieving a 51.3% YoY growth, compared to Rs. 4,527 Mn in Q1 FY26.

The company also reported encouraging traction in its diversified markets. The Export business generated Rs. 829 Mn in revenue during Q1 FY27, with the dealer and distributor network showing positive momentum despite geopolitical tensions.

In emerging businesses, the Retail/Cash Sales segment generated revenue of approximately Rs. 240 Mn, while the Solar Rooftop business reported revenues of Rs. 80 Mn for the quarter.

Order Book and Receivables Status​

As of July 22, 2026, the total outstanding order book stood at approximately Rs. 10,000 Mn. This substantial order book is backed by commitments from key state agencies, including:


Regarding the receivables position as of June 30, 2026, total receivables stood at Rs. 17,988 Mn:

Strategic Investments and Future Outlook​

SPIL is actively preparing for the next phase of growth by expanding its renewable energy portfolio. The company recently invested Rs. 100 Mn across three tranches into its wholly owned subsidiary Shakti Energy Solutions Limited. This investment targets establishing a greenfield high efficiency solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.2 GW.

Furthermore, investments in the EV business segment have been accelerated. The consolidated investment in the wholly owned subsidiary Shakti EV Mobility Private Limited increased to Rs. 700 Mn following investments made during the quarter for the expansion of the EV motors and controllers' business.

The company noted that it is progressing toward commissioning a 0.5 GW DCR module facility by September 2027, which will bolster its emerging businesses.

SHAKTIPUMP Stock Price Movement​

On Friday, shares of Shakti Pumps (India) Ltd edged higher, settling at ₹553.00 after gaining 1.61%. The stock traded a total volume of 624,043 shares during the session.