Shakti Pumps posts record FY26 revenue on solar pump demand
Shakti Pumps (India) Limited reported its highest-ever quarterly and annual financial performance for the period ending March 31, 2026, supported by strong growth in solar pump deployments and improved cash flow management. The company recorded quarterly revenue of Rs 8,578 Mn in Q4 FY26, while full-year revenue reached Rs 26,976 Mn, marking the strongest performance in its history.
According to the company’s Q4 FY26 and FY26 investor presentation, consolidated total revenue from operations stood at Rs. 2,697.61 crore in FY26, compared to Rs. 2,516.24 crore in the previous fiscal year. Consolidated profit before tax reached Rs. 359.15 crore, while net profit for the year came in at Rs. 257.58 crore.
The company said a 51% year-on-year increase in solar pump installations during Q4 FY26 was the key contributor to revenue growth. For the full fiscal year, total installations rose 20% over FY25. Shakti Pumps maintained its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) margin at around 16% despite pricing pressure under the Magel Tyala Scheme, higher raw material costs, and elevated logistics expenses. Management attributed the margin stability to the strength of its operating model.
Shakti Pumps also reported a significant improvement in working capital during FY26. Trade receivables declined by more than Rs 4,200 Mn in Q4 FY26, falling from Rs 16,970 Mn at the end of December 2025 to Rs 12,757 Mn as of March 31, 2026. The reduction supported net cash flow from operations of Rs 1,241 Mn during the fiscal year. The company described FY26 as a transition phase focused on strengthening the balance sheet, improving cash conversion, and supporting long-term growth.
As of May 7, 2026, the company’s order book stood at Rs 15,000 Mn, providing visibility for near-term revenue. The largest share of orders, valued at Rs 5,238 Mn, relates to the Magel Tyala Saur Urja Yojana in Maharashtra. Orders from Karnataka amounted to Rs 4,760 Mn, while Madhya Pradesh contributed Rs 3,421 Mn.
Shakti Pumps is also implementing a phased capital expenditure programme linked to demand growth. The expansion plan includes doubling manufacturing capacity for pumps, motors, Variable Frequency Drives (VFDs), and solar structures. The company is setting up a 2.2 GW solar Domestic Content Requirement (DCR) cell and photovoltaic (PV) module facility at Pithampur, Madhya Pradesh. The first phase, comprising 0.5 GW DCR module capacity, is expected to become operational by the end of Q1 FY27.
In a separate filing, the Board of Directors approved the re-appointment of two senior executives for an additional three-year term, subject to shareholder approval at the upcoming Annual General Meeting (AGM). Mr. Dinesh Patidar, brother of Whole-time Director Mr. Sunil Patidar, was re-appointed as Chairman cum Whole-time Director with effect from May 7, 2026. Mr. Ramesh Patidar was also re-appointed as Managing Director with effect from the same date.
