Shakti Pumps (India) Limited announced robust financial results for the half-year and quarter ended September 30, 2026. H1 FY27 revenue surged by 24.5% YoY to ₹16,047 Mn, driven by strong operational execution. The company also commenced trial production for its maiden 0.5 GW solar module capacity, marking a significant step towards its 2.2 GW solar manufacturing expansion.
Strong H1 FY27 Performance Reported
Shakti Pumps (India) Limited (SPIL) has reported a significant year-on-year revenue growth of 24.5% for the half-year ended September 30, 2026, reaching ₹16,047 Mn. This strong performance was attributed to robust execution on the ground and a 29.3% YoY increase in solar pump installations to 51,543 units during H1 FY27. The company also saw a 12.0% YoY revenue growth in the second quarter (Q2 FY27) to ₹7,460 Mn.
Solar Manufacturing Expansion Underway
A key highlight for the period is the commencement of trial production for 0.5 GW of its planned 2.2 GW solar module capacity in October 2026. This expansion, located in Pithampur, Madhya Pradesh, is a strategic move to bolster its integrated renewable energy solutions offering. The company also reported investments of ₹420 Mn in its subsidiary Shakti Energy Solutions Limited for this solar manufacturing plant. Furthermore, the 2.2 GW DCR solar cell facility is slated for commissioning by FY28. Investments were also made into its wholly owned subsidiary Shakti EV Mobility Private Limited for the expansion of its EV motors and controllers business, increasing consolidated investment to ₹920 Mn.
Financial Snapshot
Despite moderated margins due to softer realisations and higher raw material and logistics costs, SPIL reported a Profit After Tax (PAT) of ₹901 Mn for H1 FY27. The EBITDA for H1 FY27 stood at ₹1,469 Mn, with an EBITDA margin of 9.2%. The order book as of October 23, 2026, was robust at ₹7,510 Mn.
Outlook and Diversification
The company sees significant opportunities in government programs like PM-KUSUM 2.0 and expects continued order inflow. Exports also present a growth avenue. Shakti Pumps is diversifying into solar rooftop and EV motors, positioning itself as an integrated renewable energy solutions provider. The company is focused on executing its order book, improving margins, and strengthening cash conversion.
Source: BSE
