Shakti Pumps Q1 FY27 Earnings Call — Analysis (NSE: SHAKTIPUMP)
Shakti Pumps posts record Q1 FY27 revenue of ₹859 Cr (+37.9% YoY) and reiterates ambition to become a ₹5,000 Cr company by FY29, driven by integrated solar capacity expansion and KUSUM 2.0 pipeline.
The take
Q1FY27 Revenue from operations ₹859 Cr ( +37.9% YoY ) .
Results
Revenue ₹859 Cr +37.9% YoY; PAT ₹52 Cr +35% QoQ; EBITDA margin 9.6% stable QoQ; order book ₹1,000 Cr as on 22 Jul 2026.
Financial highlights
| Metric | Value | Change | Basis |
|---|---|---|---|
| Revenue from operations | ₹859 Cr | +37.9% | yoy · Q1FY27 |
| Solar pump installations | 27,678 | +57.6% | yoy · Q1FY27 |
| EBITDA Margin | 9.6% | +stable | qoq · Q1FY27 |
| PAT | ₹52 Cr | +35% | qoq · Q1FY27 |
| PAT Margin | 6% | +150bps | qoq · Q1FY27 |
| Order Book | ₹1,000 Cr | point_in_time · as on 22 Jul 2026 · as on 22 Jul 2026 | |
| Rooftop Revenue | ₹8 Cr | +300% | yoy · Q1FY27 |
| Cash & Retail Sales | ₹24 Cr | +strong growth | yoy · Q1FY27 |
Guidance
Management targets ₹5,000 Cr revenue by FY29 and expects gradual margin improvement as raw material costs ease and KUSUM 2.0 orders commence.
Key themes
Backward integration and diversification toward an integrated renewable energy platform
Operational commentary
- PM KUSUM 2.0 scheme ready for launch, awaiting PMO clearance; management expects orders to start flowing by end of Q2 FY27.
- Order book stood at ~₹1,000 Cr as of 22 Jul 2026, entirely from government (B2G) business, executable over next two quarters.
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