Shakti Pumps (India) (531431) Q4 25/26 earnings summary

Executive summary

• Achieved record revenue of Rs. 8,578 Mn in Q4 FY26 and Rs. 26,976 Mn for FY26, driven by strong demand for solar pumps and robust execution.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 were approved, with auditors issuing unmodified opinions.

• Solar pump installations increased 51% YoY in Q4 FY26 and 20% YoY in FY26, reinforcing market leadership.

• FY26 marked a strategic transition with focus on balance sheet strength, cash conversion, and sustainable growth.

• Final dividend of ₹1 per equity share (10%) recommended, subject to AGM approval.

Financial highlights

• Consolidated revenue from operations for FY26 was ₹2,697.61 crore, up from ₹2,516.24 crore year-over-year.

• Revenue grew 7.2% YoY to Rs. 26,976 Mn in FY26; EBITDA at Rs. 4,217 Mn with a margin of 15.6%.

• PAT for FY26 stood at Rs. 2,576 Mn, with a PAT margin of 9.5%.

• Receivables reduced by over Rs. 4,200 Mn to Rs. 12,757 Mn as of March 2026.

• Cash and cash equivalents (consolidated) at year-end were ₹438.72 crore, up from ₹57.00 crore.

Outlook and guidance

• Ongoing capex plan of Rs. 17,000 Mn to double capacity for pumps, motors, VFDs, and solar structures.

• Commissioning of 0.5 GW DCR module capacity expected by end of Q1 FY27.

• Focus on expanding EV and solar rooftop businesses to capture emerging opportunities.

• The company continues to monitor the impact of new labour codes and will account for any further changes as required.