Shakti Pumps hits record revenue, strong order book, and expansion plans

Shakti Pumps (India) Limited achieved a record revenue of INR 6,664 Mn in Q2 FY26 and INR 12,889 Mn in H1 FY26, marking a 5.0% and 7.2% year-over-year growth, respectively. This performance was achieved despite an extended monsoon that impacted installations, with 22,304 solar pumps installed in Q2 FY26, up 21% YoY. The company's order book stood at INR 13,000 Mn as of November 7, 2025, with significant contributions from Maharashtra.

EBITDA for Q2 FY26 was INR 1,360 Mn (20.4% margin) and for H1 FY26 was INR 2,795 Mn (21.7% margin), impacted by increased raw material prices. The company is progressing with a capital expenditure plan of INR 17,000 Mn to double pump and motor capacity, establish an EV motors and controllers facility, and set up a 2.2 GW solar DCR cell and PV module plant.

Shakti Pumps also announced an ESG Impact Rating of 75 ("Good") by ICRA Ratings and received the "Best Strategy Organization of the Year" award. The company is actively expanding its solar rooftop and cash sales businesses, with a 67% YoY growth in cash sales revenue to INR 428 Mn in H1 FY26.