Shakti Pumps (India) Limited (SPIL), a leading manufacturer of energy-efficient pumps and solar pumping systems, has announced its financial results for the quarter and full year ended March 31, 2026, reporting the highest revenue performance in the company’s history. The company posted consolidated revenue of ₹8,578 million during the fourth quarter of FY26, marking its strongest quarterly performance to date. For the full financial year, revenue reached a record ₹26,976 million, reflecting continued execution momentum and growing demand for solar pumping solutions across domestic and international markets.
Chairman Dinesh Patidar stated that FY26 represented a strategic transition year focused on strengthening financial discipline, improving receivables, optimizing working capital, and supporting sustainable long-term growth. He noted that the company adopted a calibrated operational approach with a strong emphasis on collections and balance sheet quality while maintaining its leadership position in the solar pumping sector.
As part of these efforts, Shakti Pumps significantly improved receivable efficiency during the quarter. Receivables declined by more than ₹4,200 million, reducing from ₹16,790 million as of December 31, 2025, to ₹12,757 million by March 31, 2026. The receivable cycle also improved substantially from 250 days to 173 days.
The company reported EBITDA of ₹832 million in Q4 FY26 and ₹4,217 million for the full year. Profit after tax stood at ₹383 million for the quarter and ₹2,576 million for FY26. EBITDA margins during the year were impacted by lower realizations under Maharashtra’s Magel Tyala Scheme, rising raw material costs, and elevated logistics expenses linked to global geopolitical disruptions. Despite these short-term pressures, the company maintained healthy profitability levels.
Shakti Pumps’ solar pumps business continued to drive growth during the year. The company installed 86,086 solar pumps in FY26, representing 20 percent year-on-year growth. In the fourth quarter alone, installations rose 51 percent year-on-year to 28,345 units.
Revenue from the solar pumps segment increased 7 percent year-on-year to ₹20,806 million during FY26. Quarterly solar pump revenue stood at ₹7,040 million in Q4 FY26, reflecting 42 percent year-on-year growth, primarily supported by strong project execution in Maharashtra and increasing traction in other states.
The company also highlighted a healthy order book of approximately ₹15,000 million as of May 7, 2026, providing strong revenue visibility for the coming periods. Management remains optimistic about future demand, supported by the expected rollout of KUSUM 2.0, continued opportunities under state-level solar initiatives, and long-term growth prospects in rooftop solar and electric vehicle segments.
Founded in 1982, Shakti Pumps manufactures solar pumps, stainless-steel submersible pumps, motors, controllers, and related systems. The company operates two manufacturing facilities in Pithampur, Madhya Pradesh, with a combined annual production capacity of 500,000 pumps and motors. Shakti Pumps exports to more than 100 countries and continues to focus on supporting India’s clean energy and sustainable agriculture goals.
