Shakti Pumps (India) Limited has informed the Exchange regarding the earnings and operational update for the quarter and year ended March 31, 2026.
SHAKTIPUMP · price
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Shakti Pumps reported its highest-ever quarterly revenue of Rs. 8,578 Mn in Q4 FY26 and annual revenue of Rs. 26,976 Mn in FY26, up 29% YoY and 7% YoY respectively. However, profitability declined significantly with EBITDA margin dropping to 15.6% in FY26 from 24.0% in FY25, and PAT fell to Rs. 2,576 Mn from Rs. 4,084 Mn YoY. The company installed 86,086 solar pumps in FY26, a 20% YoY increase, with Q4 installations growing 51% YoY. Receivables improved substantially to Rs. 12,757 Mn (173 days) from Rs. 16,790 Mn (250 days) in just three months, demonstrating better collections. The order book stands at Rs. 15,000 Mn with new orders from MSEDCL for 6,580 pumps worth Rs. 1,552 Mn. Margin pressure came from lower realization in the Maharashtra Magel Tyala Scheme, elevated raw material costs, and higher logistics expenses due to geopolitical tensions.
The stock shows strong revenue momentum but faces margin compression; improved receivables and a healthy order book provide near-term revenue visibility. Shareholders may see continued volatility until margins stabilize, while long-term growth prospects remain supported by government schemes like KUSUM 2.0 and emerging segments in solar rooftop and EV businesses.