Shakti Pumps Q1 Revenue Hits Record ₹8,587 Million

Date: 24/07/2026

Revenue from Operations: ₹8,587 million (Highest-ever consolidated revenue in Q1 FY27)
EBITDA: ₹829 million with EBITDA Margin of 9.6%
Profit Before Tax: ₹710 million
Profit After Tax: ₹516 million with PAT Margin of 6.0%
Basic EPS: ₹4.2

| Metric | Q1 FY27 | Q1 FY26 | Q4 FY26 |

| Revenue | 8,587 | 6,225 | 8,578 |

| EBITDA | 829 | 1,436 | 832 |

| EBITDA Margin | 9.6% | 23.1% | 9.7% |

| PBT | 710 | 1,297 | 662 |

| PAT | 516 | 968 | 383 |

| PAT Margin | 6.0% | 15.6% | 4.5% |

| Basic EPS (₹) | 4.2 | 8.1 | 3.1 |

PAT grew 34.6% QoQ from ₹383 million in Q4 FY26 to ₹516 million in Q1 FY27
EBITDA margin remained broadly steady sequentially compared with Q4 FY26 (9.6% vs 9.7%)

Pump installations grew 57.6% YoY to 27,678 pumps in Q1 FY27 compared to 17,557 pumps in Q1 FY26
Solar Pumps business revenue grew 51.3% YoY to ₹6,851 million from ₹4,527 million in Q1 FY26
Growth attributed to strong execution during the quarter

| Receivables Category | Value (₹ Mn) | Percentage |

| Not Due | 7,605 | 42% |

| 0 - 180 Days | 5,610 | 31% |

| 180 - 365 Days (includes 10% retention) | 2,648 | 15% |

| More than 365 Days (includes 10% retention) | 2,125 | 12% |

| Total Receivables | 17,988 | 100% |

Revenue from Exports business: ₹829 million in Q1 FY27
Company witnessed encouraging growth through dealer and distributor network despite geopolitical tensions

Total Outstanding Order Book: approximately ₹10,000 million (inclusive of GST)

| Order Source | Order Value (₹ Mn) |

| Maharashtra State Electricity Distribution Company Limited & MEDA | 80 |

| Haryana Renewable Energy Department (HAREDA) | 20 |

| Madhya Pradesh Urja Vikas Nigam Limited, Madhya Pradesh | 1,670 |

| Karnataka Renewable Energy Development Limited, Karnataka | 2,350 |

| Magel Tyala Saur Urja Yojana, Maharashtra | 5,220 |

| Others (RHDS Rajasthan; JREDA Jharkhand; MID Uttarakhand) | 10 |

| Other Domestic & Export business | 550 |

| Total Outstanding Order Book | 10,000 |

Invested ₹100 million over three tranches in Shakti Energy Solutions Limited for establishing 2.2 GW solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh
Increased investment in Shakti EV Mobility Private Limited to ₹700 million total for expansion of EV motors and controllers' business

Chairman Mr. Dinesh Patidar highlighted:

Record quarter building on Q4 FY26 momentum
Strong execution and improved working capital position
Sustained demand across key markets
Healthy order book of around ₹10,000 million
Growing visibility around PM-KUSUM 2.0 and state-led solar irrigation programs
EBITDA margins held stable sequentially despite input cost pressures and lower realizations
Export business sustained healthy momentum despite global uncertainties
Solar Cash/Retail business gaining traction
Solar Rooftop business progressing well
EV business reached milestone with customer validations and trial orders
Continued investments in capacity expansion across pumps, motors, VFDs and solar structures

Founded in 1982 as partnership firm, converted to public limited company in 1995
Manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors
Only company that manufactures complete range of solar pump installation products in-house (VFDs, Structures, Motors, Invertors)
Four manufacturing facilities in Pithampur, Madhya Pradesh with annual capacity: 500,000 pumps & motors, 400,000 VFDs & Inverters, 200,000 structures
India's first 5-star rated pump manufacturer
Products supplied to more than 100 countries