| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 857.77 | 55.7% | 28.9% |
| Total Income | 867.47 | 55.3% | 29.5% |
| Expenditure | 801.26 | 55.0% | 54.2% |
| PBT | 66.21 | 58.5% | 55.9% |
| Net Profit | 38.33 | 20.9% | 65.2% |
| OPM | 9.69% | 1.02pp | 14.95pp |
| NPM | 4.42% | 1.25pp | 12.04pp |
| EPS | 3.11 | 21.0% | 66.1% |
Shakti Pumps FY26 Revenue Up to ₹26,976 Mn
08 May 2026 · 8 May, 7:31 am
Summary
Shakti Pumps (India) Limited delivered its highest-ever consolidated quarterly and full-year revenues in FY26, reaching ₹8,578 Mn in Q4 FY26 and ₹26,976 Mn for the full year. Despite strong revenue performance, profitability was notably impacted, with EBITDA margins contracting to 9.7% in Q4 FY26 and 15.6% for FY26, primarily due to lower realizations from the Magel Tyala Scheme, elevated raw material costs, and high logistics costs. A key highlight was the significant improvement in financial discipline, with receivables reducing by over ₹4,200 Mn. Management expressed optimism about future demand, citing policy momentum from KUSUM 2.0 and a robust order book of approximately ₹15,000 Mn, while committing to sustainable execution and balance sheet strengthening.
Key Highlights
- 1
Shakti Pumps (India) Limited reported highest-ever consolidated revenue of ₹8,578 Mn for Q4 FY26, a 28.9% increase year-over-year, and ₹26,976 Mn for FY26, marking a 7.2% year-over-year growth.
- 2
Profit After Tax (PAT) for Q4 FY26 significantly decreased by 65.2% to ₹383 Mn, and for FY26, it declined by 36.9% to ₹2,576 Mn.
- 3
EBITDA for Q4 FY26 stood at ₹832 Mn with a margin of 9.7%, and for FY26, it was ₹4,217 Mn with a margin of 15.6%, both significantly impacted by lower realization and elevated costs.
- 4
Receivables improved substantially, reducing by over ₹4,200 Mn (77 days) from ₹16,790 Mn as of December 31, 2025, to ₹12,757 Mn as of March 31, 2026.
- 5
The company secured a robust order book of approximately ₹15,000 Mn as of May 07, 2026, providing strong revenue visibility for the future.
- 6
The Solar Pumps business achieved a 7% year-over-year revenue growth in FY26, reaching ₹20,806 Mn, with pump installations increasing by 20% YoY to 86,086 units in FY26 and 51% YoY in Q4 FY26 to 28,345 units.
Management Comments
Mr. Dinesh Patidar
FY26 was a strategic transition year for Shakti Pumps focused on strengthening balance sheet quality, improving receivable efficiency, and ensuring sustainable long-term growth while maintaining our leadership position in the solar pumping industry. During the year, the Company adopted a disciplined execution approach with strong emphasis on collections, working capital optimization, and financial stability. This calibrated strategy has started delivering visible results, as receivables reduced significantly by over Rs. 4,200 Mn (77 days) from Rs. 16,790 Mn (250 days) as on 31st December 2025 to Rs. 12,757 Mn (173 days) as on 31st March 2026, despite delivering the highest-ever quarterly revenue in the Company’s history. The Company reported consolidated revenue of Rs. 26,976 Mn in FY26 and Rs. 8,578 Mn in Q4 FY26, reflecting strong execution momentum. During the year, EBITDA margins were impacted primarily due to lower realization in Magel Tyala Scheme in Maharashtra, elevated raw material costs and high logistics costs arising from geopolitical disturbances. Despite these short-term pressures, the Company reported healthy EBITDA margins for the year and continued to focus on long-term sustainable growth. Our order book of approximately Rs. 15,000 Mn. as on 07th May 2026, provides strong revenue visibility going forward. We remain optimistic about the demand outlook, supported by expected policy momentum under KUSUM 2.0, ongoing opportunities under the Magel Tyala Scheme in Maharashtra, and continued traction in other state government initiatives. Beyond government‐led programs, our export business delivered stable performance during the year despite the prevailing geopolitical situations, and our Cash based domestic business, helping improve diversity of revenue streams and working capital efficiency. We also see encouraging long term opportunities from emerging segments such as the Solar Rooftop business and the EV business, which align well with India’s clean energy and sustainability agenda. Going forward, management remains committed towards sustainable execution, stronger cash conversion, balance sheet strengthening, and long-term value creation for all stakeholders.
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