BSECompany Update1d ago · 23 Oct 2026, 07:44 pm
We are submitting herewith Investor Presentation.
Shakti Pumps India Ltd-$ · 531431
✦ AI Summary▲ PositiveResults
Shakti Pumps India Ltd has reported a 24.5% YoY growth in revenue from operations to ₹ 16,047 Mn in H1 FY27, driven by strong execution on the ground. Solar pump installations rose 29.3% YoY to 51,543 units during H1 FY27. The company has commenced trial production of 0.5 GW of its planned 2.2 GW solar module capacity and is investing ₹ 17,000 Mn to strengthen its manufacturing base and backward integration.
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Growth Catalyst6/10
Governance Concern1/10
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Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Shakti Pumps India Ltd-$ - 531431 - Announcement under Regulation 30 (LODR)-Investor Presentation
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Date: - 23/10/2026
To, To,
The Secretary, The Secretary,
Listing Department Corporate Relationship Department
National Stock Exchange of India Ltd. BSE Limited
Exchange plaza, BKC, Bandra (E) P. J. Towers, Dalal Street
Mumbai - MH 400051. Mumbai- MH 400001.
REF: -(ISIN- INE908D01010) SCRIP CODE BSE-531431, NSE Symbol -SHAKTIPUMP
Sub.:-Investor Presentation pursuant to Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find enclosed herewith the Investor Presentation which is being
uploaded on the website of the Company.
Kindly take note of the above.
Thanking You,
Yours Faithfully,
For Shakti Pumps (India) Limited
Ravi Patidar
Company Secretary
Encl.: As above
Shakti Pumps (India)
Limited
Q2 & H1 FY27
INVESTOR PRESENTATION
NSE: SHAKTIPUMP | BSE: 531431
© 2026, All Rights Reserved - www.shaktipumps.com
Safe Harbour Statement
This presentation and the following discussion may contain “forward looking statements” by Shakti Pumps (India)
Limited (“SPIL” or the company) that are not historical in nature. These forward-looking statements, which may
include statements relating to future results of operations, financial condition, business prospects, plans and
objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the
management of SPIL about the business, industry and markets in which SPIL operates.
These statements are not guarantees of future performance, and are subject to known and unknown risks,
uncertainties, and other factors, some of which are beyond SPIL’s control and difficult to predict, that could cause
actual results, performance or achievements to differ materially from those in the forward-looking statements.
Such statements are not, and should not be construed, as a representation as to future performance or
achievements of SPIL.
In particular, such statements should not be regarded as a projection of future performance of SPIL. It should be
noted that the actual performance or achievements of SPIL may vary significantly from such statements.
© 2026, All Rights Reserved -www.shaktipumps.com 2
Table of
Contents 01
Quarterly Financial Highlights
Investment Rationale
Company Overview
Historical Financial Highlights
© 2026, All Rights Reserved -www.shaktipumps.com 3
Quarterly Financial Highlights
© 2026, All Rights Reserved -www.shaktipumps.com
Q2 & H1 FY27 at a Glance
H1 FY27 Revenue Q2 FY27 Revenue Solar Pumps Installed, H1 FY27
₹ 16,047 Mn ₹ 7,460 Mn 51,543
+24.5% YoY +12.0% YoY +29.3% YoY
0.5 GW
as on 23rd October 2026 EBITDA Margin
DCR Solar Module Plant
Commenced Trial
₹ 7,510 Mn 9.2%
in H1 FY27
Production
8.6% in Q2 FY27
© 2026, All Rights Reserved -www.shaktipumps.com 5
Management Commentary on Q2 & H1 FY27 Performance
We are pleased to report a healthy H1 FY27 performance, with revenue from operations growing 24.5%
year-on-year to ₹ 16,047 Mn, driven by strong execution on the ground. Solar pump installations rose
29.3% year-on-year to 51,543 units during H1 FY27, reflecting our continued role in expanding access
to clean, reliable irrigation forfarmersacross the country.
Margins during the period moderated due to lower realisations, higher raw material costs and elevated
logistics expenses linked to prevailing geopolitical conditions. However, we are addressing these
pressures through cost optimisation, operating efficiencies and disciplined execution. Despite this, we
delivered a PAT of ₹ 901 Mn and cash profit of ₹ 1,058 Mn in H1 FY27, underscoring the resilience of
ourbusiness.
Our order book stood at ₹ 7,510 Mn as of 23rd October 2026. We see significant opportunities under
PM-KUSUM 2.0, which is expected to be announced during the ongoing quarter, along with continuous
order inflow from Magel Tyala and other state programmes. Beyond India, we see a strong growth
opportunity in our exports business, as demand for energy-efficient and solar pumping solutions
Mr. Dinesh Patidar continues to rise across international markets, where we hold a strong presence. At the same time, we
are investing around ₹ 17,000 Mn to strengthen our manufacturing base and backward integration. I
Chairman
am happy to share that 0.5 GW of our planned 2.2 GW solar module capacity has commenced trial
production in October2026, with the 2.2 GW DCR solarcell facility to be commissionedby FY28.
Along with our diversification in solar rooftop and EV motors, controllers & chargers, these investments
position Shakti as an integrated renewable energy solutions company. Our priorities remain clear:
execute our order book efficiently, improve margins, strengthen cash conversion and bring our new
capacities online on schedule.
© 2026, All Rights Reserved -www.shaktipumps.com 6
Q2 & H1 FY27 Profit & Loss Statement
Q2 & H1 FY27 Consolidated Income Statement
Particulars (₹ Mn) Q2 FY27 Q2 FY26 H1 FY27 H1 FY26
Revenue from Operations 7,460 6,664 16,047 12,889
EBITDA 640 1,360 1,469 2,795
EBITDA Margins* % 8.6% 20.4% 9.2% 21.7%
Finance Cost 189 133 334 231
Depreciation and Amortization Expense 81 67 157 127
Other Income 125 55 228 74
PBT 495 1,215 1,206 2,512
Total Tax 110 308 305 636
PAT 385 907 901 1,875
PAT Margins % 5.2% 13.6% 5.6% 14.6%
Cash Profit 466 974 1,058 2,003
* In Q2FY27 & H1FY27, EBITDA Margins were impacted by lower realisation, increase in raw material costs and other expenses (mainly due to higher logistics costs), owing to prevailing geopolitical tensions
Strong topline momentum sustained, with H1 FY27 Revenue growing 25% YoY while maintaining positive profitability and strong cash generation
© 2026, All Rights Reserved -www.shaktipumps.com 7
Revenue and Execution Growth Remains Intact
Revenue (₹ Mn)
Revenue
Q2 FY27 revenue of ₹ 7,460 Mn, up 12.0% YoY; H1 FY27 up
16,047 24.5%YoYto₹16,047Mn,drivenbystrongoverallexecution
12,889
6,664 7,460 Continued Strong Execution Momentum
No.ofsolar pumps installed increasedby 7.0% YoY inQ2 FY27
and29.3%YoYinH1FY27
Q2 FY26 Q2 FY27 H1 FY26 H1 FY27
Solar EPC
Revenue of ₹ 5,435 Mn in Q2 FY27 and ₹ 12,286 Mn in H1
FY27
No. of Solar Pumps Installed
51,543 Exports
Revenuestoodat₹1,777MninH1FY27;adjustingfor~₹200
39,861
MnUgandaprojectrevenueinH1FY26,thebusinesscontinues
to demonstrate strong momentum despite geopolitical
22,304 23,865 headwinds
Retail / Cash Sales & Solar Rooftop
H1 FY27 Revenue from Retail / Cash Sales business at ₹ 410
Mn; while Solar Rooftop business reported Revenue of ₹ 170
Q2 FY26 Q2 FY27 H1 FY26 H1 FY27
MninH1FY27
© 2026, All Rights Reserved -www.shaktipumps.com 8
EBITDA Margins Sustained Sequentially
Margins sustained sequentially despite macro
EBITDA (₹ Mn)
headwinds
2,795
Input Costs
1,469
1,360
Stainless steel, copper, aluminium and mild steel remain
at peakamid the geopolitical conflict
Q2 FY26 Q2 FY27 H1 FY26 H1 FY27
Logistics Costs
EBITDA Margin – Quarterly Trend
Logistics costs continue to be elevated on account of the
ongoing geopolitical tensions
10.8%
9.7% 9.6%
8.6%
Lower Realisation
Lower realisation on select orders under Magel Tyala
Saur Urja Yojana in Maharashtra, a large share of H1
revenue
Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27
© 2026, All Rights Reserved -www.shaktipumps.com 9
₹ 7,510 Mn Order book Frames the Near-term Runway
Policy momentum and state-level initiatives provide demand support, while management prioritizes sustainable execution and cash conversion
₹ 7,510 Mn
Order Book as on 23rdOctober 2026 (Inclusive of GST) Order Value (₹ Mn)
Order book as of 23rdOctober 2026(inclusive of GST)
Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS)
Maharashtra State Electricity Distribution Company Limited (MSEDCL) &
Maharashtra Energy Department Agency (MEDA) Revenue visibility is strong with expected order inflow, majorly
from PM KUSUM 2.0 and Magel Tyala, while other states might
also follow with new orders
Madhya Pradesh Urja Vikas Nigam Limited, Madhya Pr
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