Shakti Pumps (India) (531431) Q2 26/27 earnings summary

Executive summary

• H1 FY27 revenue from operations rose 24.5% YoY to ₹16,047 Mn; consolidated revenue was ₹1,627.49 crore and PAT was ₹90.10 crore, down from ₹187.54 crore.

• Q2 FY27 consolidated revenue was ₹758.48 crore, while PAT fell to ₹38.51 crore from ₹90.71 crore YoY.

• Margins contracted amid lower realizations, higher raw-material and logistics costs; working-capital outflows weighed on cash.

• A ₹7,510 Mn order book, policy-led demand and planned capacity expansion support the near-term growth outlook.

Financial highlights

• Revenue from operations was ₹7,460 Mn in Q2 FY27, up 12.0% YoY, and ₹16,047 Mn in H1 FY27, up 24.5% YoY.

• Consolidated Q2 revenue was ₹758.48 crore versus ₹671.89 crore YoY; H1 revenue was ₹1,627.49 crore versus ₹1,296.29 crore.

• Q2 FY27 EBITDA was ₹640 Mn versus ₹1,360 Mn; H1 EBITDA was ₹1,469 Mn versus ₹2,795 Mn.

• Consolidated PAT was ₹38.51 crore in Q2 and ₹90.10 crore in H1 FY27, versus ₹90.71 crore and ₹187.54 crore, respectively, a year earlier.

• H1 FY27 cash profit was ₹1,058 Mn versus ₹2,003 Mn in H1 FY26.

Outlook and guidance

• Order book was ₹7,510 Mn as of 23 October 2026, inclusive of GST; expected inflows are led by PM-KUSUM 2.0 and Magel Tyala, with other states also potential sources.

• New pump, motor, VFD and solar-structure capacities are expected from Q3 FY27; 2.2 GW cell and 2.2 GW module facilities are expected to commission by FY28.

• Management priorities include efficient order execution, margin improvement, stronger cash conversion and timely capacity additions.