Shakti Pumps Q2 FY27 Revenue Up 12% to ₹7,460 Mn; H1 FY27 Revenue Up 24.5%
Shakti Pumps reported Q2 FY27 revenue of ₹7,460 Mn, up 12.0% YoY, and H1 FY27 revenue of ₹16,047 Mn, up 24.5% YoY. Solar pump installations grew 29.3% YoY to 51,543 units in H1 FY27. The company has commenced trial production for its 0.5 GW solar module capacity and is investing ₹17,000 Mn in manufacturing expansion.
The significant revenue growth, coupled with strategic investments in capacity expansion and diversification into high-growth sectors like solar modules and EV components, will have a substantial impact on the company's future performance and market position.
The company reported strong year-on-year revenue growth in both Q2 and H1 FY27, along with a significant increase in solar pump installations. Investments in manufacturing expansion and diversification into new areas like EV components indicate a positive outlook for future growth.
Shakti Pumps (India) Limited has released its investor presentation for Q2 and H1 FY27, highlighting robust financial performance and strategic growth initiatives.
For the second quarter of FY27, the company reported a revenue of ₹7,460 Mn, marking a 12.0% year-on-year increase. The first half of FY27 (H1 FY27) saw even stronger growth, with revenue from operations rising by 24.5% year-on-year to ₹16,047 Mn. This growth was driven by strong execution in solar pump installations, which increased by 29.3% year-on-year to 51,543 units in H1 FY27.
The company's EBITDA margin stood at 9.2% in H1 FY27. Management attributed the moderation in margins to lower realisations, increased raw material costs, and elevated logistics expenses. However, the company is actively addressing these pressures through cost optimisation and operational efficiencies.
Shakti Pumps' order book was valued at ₹7,510 Mn as of October 23, 2026. The company anticipates significant opportunities from the upcoming PM-KUSUM 2.0 scheme and continuous order inflow from the Magel Tyala program. Furthermore, the company sees strong growth potential in its exports business.
In terms of manufacturing expansion, Shakti Pumps has commenced trial production for its 0.5 GW solar module capacity. The planned 2.2 GW DCR solar cell facility is expected to be commissioned by FY28. The company is investing approximately ₹17,000 Mn to strengthen its manufacturing base and backward integration. These investments, along with diversification into solar rooftop and EV motors, controllers, and chargers, position Shakti Pumps as an integrated renewable energy solutions company.
Mr. Dinesh Patidar, Chairman, expressed satisfaction with the H1 FY27 performance, highlighting the revenue growth and increased solar pump installations. He also mentioned the company's focus on executing the order book efficiently, improving margins, strengthening cash conversion, and bringing new capacities online on schedule.
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