Shakti Pumps (India) Limited has informed the Exchange about Investor Presentation
SHAKTIPUMP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shakti Pumps reported Q3FY26 revenue of ₹5,510 Mn, down 15% YoY, and 9MFY26 revenue of ₹18,398 Mn, marginally lower than ₹18,509 Mn last year. EBITDA fell sharply to ₹590 Mn in Q3 (margin 10.7% vs 23.8% YoY) and ₹3,385 Mn for 9M FY26, while PAT dropped to ₹317 Mn and ₹2,192 Mn respectively. Management said the decline was a deliberate decision to pause ~₹2,000 Mn of order execution, mainly in Maharashtra, to stabilise receivables. Margins were hit by ~4% lower realisations in Magel Tyala orders, ~2% higher raw material costs, and a one-time ₹44 Mn labour code impact. The order book stands strong at ₹21,000 Mn, including a maiden ₹6,540 Mn Karnataka order, and payments from Maharashtra have improved after AIIB fund release. The company is executing a ₹17,000 Mn capex plan including a 2.2 GW solar DCR cell and module plant, expecting Q4FY26 to be the highest-ever revenue quarter.
Short-term, the stock may face pressure due to the sharp YoY drop in Q3 profits and margin compression. However, the disciplined working capital approach, strong ₹21,000 Mn order book, and expected Q4 rebound support a positive medium-term outlook. Shareholders should watch execution pace in Maharashtra and Karnataka and any further margin recovery in FY27.