Shakti Pumps (India) Limited has announced its strongest financial performance to date, achieving record-breaking consolidated revenue of Rs. 26,976 Mn for the full financial year 2026. Despite margin pressures from elevated material and logistics costs, the company successfully optimized working capital, significantly reducing receivables by Rs. 4,200 Mn. With an order book of Rs. 15,000 Mn and a 20% surge in pump installations, the company remains focused on long-term sustainability.
Record Financial Performance
Shakti Pumps (India) Limited has delivered its highest-ever quarterly and annual revenue in the company’s history. For the quarter ended March 31, 2026 (Q4 FY26), revenue stood at Rs. 8,578 Mn, while the total revenue for the full fiscal year reached Rs. 26,976 Mn. Although EBITDA margins for the year were tempered to 15.6% due to rising raw material expenses and geopolitical logistics challenges, the company maintained a resilient posture with a Profit After Tax (PAT) of Rs. 2,576 Mn for FY26.
Operational Milestones and Solar Expansion
The company achieved a 20% year-on-year growth in solar pump installations, successfully deploying 86,086 units during the year. The solar segment continues to be a primary growth driver, contributing Rs. 20,806 Mn to the annual revenue. Management highlighted that the commissioning deadline for projects under the PM KUSUM scheme has been extended to March 31, 2027, providing continued execution stability.
Strategic Financial Discipline
A key highlight of the fiscal year was the aggressive optimization of working capital. Receivables were reduced from Rs. 16,790 Mn as of December 31, 2025, to Rs. 12,757 Mn by March 31, 2026. This was achieved through a disciplined execution strategy, ensuring that 72% of the current receivables are not yet due, further strengthening the company’s balance sheet.
Future Growth Outlook
With an outstanding order book of approximately Rs. 15,000 Mn, the company has strong revenue visibility. Recent developments include a significant contract from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 6,580 pumps. Additionally, the company is diversifying its portfolio with investments in a 2.2 GW capacity greenfield solar cell and module manufacturing plant and the expansion of its EV motors and controllers business.
Source: BSE
