Shakti Pumps (India) (531431) Q1 26/27 earnings summary

Executive summary

• Q1 FY 2027 revenue grew 37.9% year-over-year to INR 859 crore (8,587 Mn), driven by strong execution and demand in the solar pump business, with installations up 57.6% YoY to 27,678 units.

• PAT for Q1 FY 2027 was INR 52 crore (516 Mn), up 35% sequentially, with PAT margin improving to 6% from 4.5% in Q4 FY 2026.

• Export business remained steady despite geopolitical uncertainties, maintaining a diversified order book of INR 1,000 crore (10,000 Mn) as of July 22, 2026.

• The company is expanding into B2C, retail, solar rooftop, and EV businesses, with the rooftop segment showing strong growth.

• Board approved unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, with auditor review confirming compliance with Indian Accounting Standards.

Financial highlights

• Q1 FY 2027 revenue: INR 859 crore (8,587 Mn), up 37.9% YoY; EBITDA: 829 Mn; PAT: INR 52 crore (516 Mn).

• Solar pump installations: 27,678 units (up 57.6% YoY).

• EBITDA margin stable sequentially at 9.6%, but under YoY pressure due to raw material costs and lower realization.

• Rooftop business revenue: INR 8 crore (80 Mn, up from INR 2 crore YoY); B2C/retail sales: INR 24 crore (240 Mn).

• Consolidated profit after tax was Rs. 51.59 crores, with basic and diluted EPS (consolidated) at Rs. 4.18 for the quarter.

Outlook and guidance

• Strong visibility from PM-KUSUM 2.0 and other state programs expected to sustain growth momentum.

• Continued investments in capacity expansion and backward integration (500 MW DCR module facility, 2.2 GW cell/module project) to support long-term growth.

• Focus on quality, digitalization, and customer experience in the rooftop segment, aiming to be a fully integrated provider.

• Optimism for long-term growth in the EV business, currently in trial phase.

• Management expects continued growth supported by execution pipeline, improving order mix, and operational efficiencies.