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Earnings Call Transcript

Shakti Pumps (India) Earnings Call Transcript: Key Takeaways

Shakti Pumps achieved record Q1 FY27 revenue, yet margins are under significant pressure from raw material inflation and lower realization on specific government orders.

Guidance and delivery
Management target Revenue FY29
Highlights
Revenue growth37.9% YoY revenue growth to ₹859 Crores.
MarginsEBITDA margin stable sequentially at 9.6%; down YoY on costs.
Order bookHealthy order book of ₹1,000 Crores as of July 2026.
Demand visibilityHigh visibility through PM-KUSUM 2.0 and state-led solar programs.
Management confidenceBalanced, though slightly defensive regarding recent margin compression.

Growth

Revenue grew 37.9% YoY to ₹859 Crores, driven by a 57.6% surge in solar pump volumes.

Outlook

Management aspires to reach ₹5,000 Crores revenue by FY29 via backward integration and EV segments.

Risks

Margins compressed due to geopolitical-led raw material hikes and competitive pricing in legacy government contracts.

Last quarter's promises, checked

Delivered

  • Guided 0.5 GW module plant by Q1FY27 → delivered 500MW facility upcoming (= BEAT)
  • Guided improved receivables → delivered reduction to ₹1,276 Cr (= BEAT)
  • Guided year-on-year growth → delivered 37.9% YoY revenue growth (= BEAT)

Partly delivered

  • Guided execution in South → delivered reached good figure/expanding (= PARTIAL)

Missed

  • Guided margin improvement → delivered 9.6% EBITDA vs 16% FY26 (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: SHAKTIPUMP. Summary written with AI assistance from the document.

Read the document ↗

Shakti Pumps (India) Ltd: key numbers

Share price
₹391.30
Market cap
₹4,829 Cr
Revenue (annual)
₹2,698 Cr
Net profit (annual)
₹257.6 Cr
P/E (TTM)
30.1×Sector 51.9×
Promoter holding
50.40%+0.04% QoQ
FII holding
5.28%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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