Shakti Pumps (India) Limited reported a consolidated net profit after tax (PAT) of ₹516 million for the quarter ended June 30, 2026 (Q1FY27), marking a 35% sequential increase from ₹383 million in Q4FY26. The pump manufacturer’s revenue from operations reached a record ₹8,587 million, up 39% year-on-year from ₹6,225 million in Q1FY26. This performance was driven by a 57.6% year-on-year surge in solar pump installations to 27,678 units, supported by strong execution in government-led irrigation programs and sustained export momentum. The company maintains a robust order book of ₹10,000 million as of July 22, 2026, providing high visibility for future quarters.
The Board of Directors approved the unaudited financial results at a meeting held on July 24, 2026, pursuant to Regulation 33 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and disclosed under Regulation 30. Management highlighted that while input cost pressures and lower realizations impacted margins, the operating model remained resilient with EBITDA margins holding broadly stable sequentially at 9.68%.
Consolidated total income for Q1FY27 stood at ₹8,587 million, compared to ₹6,225 million in the same quarter last year. Profit before tax (PBT) was ₹710 million, down significantly from ₹1,297 million in Q1FY26 due to lower realizations and higher input costs. However, net profit expanded sequentially to ₹516 million. Standalone net profit also rose to ₹429.90 million from ₹383 million in the previous quarter.
The company reported revenue from operations of ₹8,587 million in Q1 FY27, registering a 39% year-on-year growth compared to ₹6,225 million in Q1 FY26, while remaining largely stable compared to ₹8,578 million in Q4 FY26. EBITDA stood at ₹831 million, declining by 42% YoY from ₹1,440 million in Q1 FY26, with the EBITDA margin at 9.68%, down from 23.06% in the corresponding quarter last year.
The company’s Profit Before Tax (PBT) was ₹710 million, reflecting a 45% YoY decline but a 7% sequential increase compared to ₹662 million in Q4 FY26. Net Profit After Tax (PAT) stood at ₹516 million, declining by 47% YoY from ₹968 million in Q1 FY26, while improving 35% quarter-on-quarter from ₹383 million in the previous quarter. The Basic Earnings Per Share (EPS) was reported at ₹4.20, compared to ₹8.10 in Q1 FY26 and ₹3.10 in Q4 FY26, reflecting a 48% YoY decline and 35% QoQ growth.
The Solar Pumps business (PM KUSUM & Non-KUSUM) delivered revenue growth of 51.3% year-on-year to ₹6,851 million, driven by strong execution. The Exports business generated ₹829 million in revenue, sustaining healthy momentum despite global geopolitical uncertainties through its dealer and distributor network. Emerging businesses are gaining traction: the Retail/Cash Sales business generated ₹240 million, while the Solar Rooftop business reported ₹80 million in revenue.
Management noted that new vectors such as Solar Rooftop and EV motors are progressing well. The company has invested ₹700 million cumulatively in its wholly owned subsidiary Shakti EV Mobility Private Limited for EV motors and controllers expansion. Additionally, a ₹100 million investment was made in Shakti Energy Solutions Limited for a greenfield 2.2 GW DCR cell and module manufacturing plant in Pithampur, Madhya Pradesh. The existing 0.5 GW DCR module facility is expected to be commissioned by September 2027.
