Shakti Pumps Q4 & FY26: Record Revenue ₹2,698 Cr, Order Book ₹1,500 Cr
Shakti Pumps reported record consolidated revenue of ₹2,698 Cr in FY26 and ₹858 Cr in Q4FY26. Solar pump installations grew 20% YoY to 86,086 units in FY26. Receivables reduced by ₹420 Cr in Q4. The order book stands at ₹1,500 Cr. EBITDA margins were maintained at ~16% despite external pressures.
The announcement details record financial performance (revenue), significant improvements in working capital, and a substantial order book, all of which are material information for investors and indicate strong operational performance and future revenue visibility.
The company reported record revenues and strong growth in solar pump installations, alongside significant improvements in working capital management and a healthy order book. Despite external challenges impacting margins, the overall financial performance and future outlook are positive.
Shakti Pumps (India) Limited announced its audited financial results for the quarter and financial year ended March 31, 2026, during an earnings call held on May 11, 2026. The company achieved its highest ever consolidated revenue of ₹2,698 crores in FY26, with Q4FY26 revenue reaching ₹858 crores, also a quarterly record. This growth was driven by a 20% year-on-year increase in solar pump installations to 86,086 units in FY26, and a robust 51% year-on-year growth in Q4FY26 to 28,345 installations.
Despite facing headwinds from lower realizations under the Magel Tyala scheme, increased raw material prices, and elevated logistics costs, the company maintained EBITDA margins at approximately 16% for FY26. A significant focus on working capital efficiency resulted in a reduction of receivables by over ₹420 crores in Q4, bringing them down to ₹1,276 crores as of March 31, 2026, a 77-day improvement in receivable days. This led to healthy cash flow generation from operations of ₹124 crores in FY26.
The company's order book stood at approximately ₹1,500 crores as of May 7, 2026, providing strong revenue visibility. Management expressed optimism regarding future demand, supported by the anticipated rollout of KUSUM 2.0, continued opportunities under the Magel Tyala scheme, and other state-level solar initiatives. The company is also exploring opportunities in solar rooftop systems and electric vehicle parts.
During the earnings call, management addressed concerns regarding margins, attributing current pressures to external factors like geopolitical disruptions affecting raw material prices. They expect margins to improve as these situations normalize. The company highlighted progress in its solar rooftop business, with good feedback on inverter efficiency leading to approximately 10% better generation. Expansion plans include commissioning a 0.5 GW module plant by Q1FY27 and a 2.2 GW solar cell capacity by March 2028.
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See the model portfoliosA plain-language summary of a public exchange filing by Shakti Pumps (India) Limited. Read the original for the full detail.