What was filed
Shakti Pumps filed its earnings and operational update for the quarter ended June 30, 2026 (Q1 FY27) under Regulation 30. The update pairs record top-line growth with a squeezed profitability profile: revenue reached a quarterly high, but EBITDA and PAT margins came in well below the year-ago quarter. Management attributed the compression to subdued realizations on select orders and elevated input prices amid geopolitical disruptions, and said margins held broadly steady against the immediately preceding quarter (Q4 FY26).
Solar pumps remain the engine
The core solar pumps business — spanning PM-KUSUM and non-KUSUM work — drove the quarter, with pump installations rising sharply year-on-year and solar-pump revenue growing more than half over Q1 FY26. The company said it carried an order book of roughly Rs. 10,000 Mn as of July 22, 2026, concentrated in state solar-irrigation programs across Maharashtra, Karnataka and Madhya Pradesh, and flagged growing visibility around PM-KUSUM 2.0.
Diversification and receivables
Beyond pumps, the filing details emerging lines — export sales, a retail/cash-sales business and a nascent solar rooftop business — alongside an EV business the company said has reached customer validations and trial orders. Investment continues in subsidiaries for solar DCR cell and module manufacturing (a 2.2 GW project in Pithampur) and for EV motors and controllers. The company also disclosed its receivables ageing, noting that 42% of total receivables were not yet due as of June 30, 2026, with a further 31% under 180 days.