New Delhi: Shakti Pumps (India) Limited (SPIL), announced the financial results for the quarter ended 30th June2025. Shakti Pumps (India) Limited Chairman, Mr. Dinesh Patidar, commented on the company’s performance, “We are pleased to report a strong start to FY26, reflecting the strength of our diversified business model. Our performance this quarter was driven by robust execution in the solar pump segment, consistent export momentum, and strategic investmentsin capacity and technology.
We continue to lead the PM-KUSUM scheme with approximately 25% market share across major Indian agricultural states. As of 1st August 2025, our order book stood at approximately Rs.1,350Crs, supported by steady inflows and active participation in tenders across states like Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh,Jharkhand, etc. Our presence in these markets, built over more than a decade, positions us well to capitalise on the growing demand.
The rooftop solar segment is also gaining traction, supported by government initiatives such as PM Surya Ghar: MuftBijliYojana. We are actively expanding our footprint in this space, alongside our efforts in the domestic, industrial, and EV segments. Our export business continues to be a key growth lever, delivering a ~25% CAGR over the past four years. With successful projects in Haiti, Uganda, Bangladesh, Nepal and growing demand from USA, Middle East and Africa, we remain confident in our ability to sustain this momentum.
Operationally, we have made significant progress in optimizing our working capital cycle. Receivable days have improved from 178 in FY24 to 152 in FY25, and we are targeting a return to approximately 120days by end of FY26.
We are executing a capex plan of Rs. 1,700 Crs, which includes:
• Doubling capacity for pumps, motors, VFDs, and solar structures (Rs. 250Crs)
• Establishing an EV motor and charger facility under Shakti EV Mobility Pvt Ltd (Rs. 250 Crs)
• Setting up a 2.2 GW solar DCR cell and solar PV module plant in Pithampur, Madhya Pradesh (Rs. 1,200 Crs)
We successfully raised Rs. 292.6 Crs through a QIP, which will partially fund our solar DCR cell and solar PV module manufacturing project. The balance will be financed through internal accruals and debt.
Looking ahead, we remain committed to delivering 25–30% revenue growth in FY26 and sustaining this trajectory over the next 3–4 years. Our strategic focus on clean energy, backed by operational discipline and a strong order pipeline, positions us well for long-term value creation.”
Q1FY26
• Revenue from Operations grew by 9.7% YoY to Rs. 622.5Crs in Q1FY26 from Rs. 567.6Crs in Q1FY25
• EBITDA stood at Rs. 143.6Crsin Q1FY26, as compared to Rs. 135.9 Crsin Q1FY25, a growth of 5.7%. EBITDA Margin stood at 23.1% for the quarter.
• PAT came in at Rs. 96.8 Crs as compared to Rs. 92.7 Crs, a growth of 4.5% YoY