Shakti Pumps (India) (531431) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 began with strong growth, driven by robust solar pump segment performance, export momentum, and strategic investments in capacity and technology.

• Maintained ~25% market share in solar pumps across key Indian states, with an order book of ₹1,350 crore as of August 1, 2025.

• Rooftop solar and EV businesses are gaining traction, supported by government initiatives and retail expansion.

• Operational improvements include reduced receivable days and ongoing capex for capacity expansion.

• Board approved unaudited consolidated and standalone financial results for Q1 FY26, with the AGM scheduled for September 25, 2025.

Financial highlights

• Q1 FY26 consolidated revenue was ₹623 crore, up 10% year-on-year from ₹568 crore in Q1 FY25.

• EBITDA reached ₹144 crore (up from ₹136 crore), with an EBITDA margin of 26.1%.

• Profit after tax was ₹97 crore, compared to ₹93 crore in Q1 FY25.

• Export revenue for the quarter was ₹99 crore.

• Basic and diluted EPS for Q1 FY26 were ₹8.05 (consolidated), up from ₹7.71 in Q1 FY25.

Outlook and guidance

• Targeting 25–30% revenue growth in FY26 and sustaining this for the next 3–4 years.

• Yearly revenue target set at ₹3,000 crore, with 24% EBITDA margin guidance.

• Board approved borrowing powers up to ₹3,000 crore and creation of charge on assets, subject to shareholder approval.

• KUSUM II scheme expected to start post-April next year, anticipated to drive significant growth.