Shakti Pumps India Ltd-$ — earnings calls

Shakti Pumps reported Q1 FY27 revenue of INR859 crores, up 37.9% year-on-year, driven by solar pump installation volumes rising 57.6% to 27,678 pumps. EBITDA margin stayed broadly stable sequentially at 9.6% but remained under year-on-year pressure from higher raw material costs and lower realization on some orders, while PAT rose to INR52 crores with PAT margin improving to 6% from 4.5% in Q4 FY26. Management discussed the order book of approximately INR1,000 crores, progress on the 0.5 GW and 2.2 GW solar cell and module capacities, and updates on the rooftop, EV and export businesses.

Shakti Pumps reported its highest ever consolidated revenue of Rs 2,698 crores for FY26 with Q4FY26 revenue at Rs 858 crores, while EBITDA margins were pressured by lower Magel Tyala realizations, higher raw material costs and elevated logistics expenses. Management said receivables were reduced by over Rs 420 crores during the fourth quarter and the order book stood at approximately Rs 1,500 crores as of May 7, 2026. Solar pump installations grew 20% year-on-year to 86,086 units in FY26, with Q4FY26 installations up 51% year-on-year to 28,345 units.