Shakti Pumps (India) Ltd

Revenue from operations decreased 15.07% to Rs 550.99 crore in Q3 FY26 as against Rs 648.77 crore reported in Q3 FY25. Profit before tax decreased 70.49% year on year (YoY) to Rs 41.76 crore in the quarter ended December 2025. EBITDA stood at Rs 59 crore in December 2025 quarter, down 61.78%, compared with Rs 154.4 crore in Q3 FY25. EBITDA margin declined to 10.7% in Q3 FY26 as against 23.8% in Q3 FY25. Dinesh Patidar, Chairman, Shakti Pumps (India), said, 'The company's Q3FY26 performance was affected by a calibrated slowdown in execution, particularly in Maharashtra, aimed at addressing elevated receivables and strengthening the balance sheet. Orders worth approximately Rs 200 crore were temporarily paused to stabilise collections, which led to lower revenue recognition sequentially and YoY, as well as pressure on EBITDA margins. Margins were further impacted by a 4% decline in realisations on Magel Tyala orders, sustained 2% increase in raw material costs (copper, steel, solar panels), higher employee costs, and consumption of elevated-cost inventory from Q2FY26. Manpower expenses included a one-time Rs 4.4 crore impact due to the new labour code and investments in emerging segments expected to contribute from the next financial year. Export revenues continued to perform well and are expected to grow steadily. Trade receivables remained broadly stable, reflecting improved collections and effective working capital management. The company maintains a healthy order book of Rs 2,100 crore (inclusive of GST), diversified across states, with Maharashtra and Karnataka as key contributors. Payments from Maharashtra have improved following fund releases from the Asian Infrastructure Investment Bank (AIIB) and the state government, enabling resumption of execution. Execution in Karnataka will be aligned with payment timelines. Shakti Pumps expects Q4FY26 to be its highest revenue quarter ever, although some revenue may spill into subsequent quarters. While margins are likely to remain under pressure due to lower realisations and cost inflation, the company remains focused on balance sheet consolidation, disciplined execution, and long-term sustainable growth.' Shakti Pumps (India) is engaged in manufacturing and sale of Pumps Motors, VFD, Inverters & their spare parts. The core products of the Company are engineered pumps, industrial pumps, and solar pumps etc.Powered by Capital Market - Live

Revenue from operations decreased 15.07% to Rs 550.99 crore in Q3 FY26 as against Rs 648.77 crore reported in Q3 FY25. Profit before tax decreased 70.49% year on year (YoY) to Rs 41.76 crore in the quarter ended December 2025. EBITDA stood at Rs 59 crore in December 2025 quarter, down 61.78%, compared with Rs 154.4 crore in Q3 FY25. EBITDA margin declined to 10.7% in Q3 FY26 as against 23.8% in Q3 FY25. Dinesh Patidar, Chairman, Shakti Pumps (India), said, 'The company's Q3FY26 performance was affected by a calibrated slowdown in execution, particularly in Maharashtra, aimed at addressing elevated receivables and strengthening the balance sheet. Orders worth approximately Rs 200 crore were temporarily paused to stabilise collections, which led to lower revenue recognition sequentially and YoY, as well as pressure on EBITDA margins. Margins were further impacted by a 4% decline in realisations on Magel Tyala orders, sustained 2% increase in raw material costs (copper, steel, solar panels), higher employee costs, and consumption of elevated-cost inventory from Q2FY26. Manpower expenses included a one-time Rs 4.4 crore impact due to the new labour code and investments in emerging segments expected to contribute from the next financial year. Export revenues continued to perform well and are expected to grow steadily. Trade receivables remained broadly stable, reflecting improved collections and effective working capital management. The company maintains a healthy order book of Rs 2,100 crore (inclusive of GST), diversified across states, with Maharashtra and Karnataka as key contributors. Payments from Maharashtra have improved following fund releases from the Asian Infrastructure Investment Bank (AIIB) and the state government, enabling resumption of execution. Execution in Karnataka will be aligned with payment timelines. Shakti Pumps expects Q4FY26 to be its highest revenue quarter ever, although some revenue may spill into subsequent quarters. While margins are likely to remain under pressure due to lower realisations and cost inflation, the company remains focused on balance sheet consolidation, disciplined execution, and long-term sustainable growth.' Shakti Pumps (India) is engaged in manufacturing and sale of Pumps Motors, VFD, Inverters & their spare parts. The core products of the Company are engineered pumps, industrial pumps, and solar pumps etc. Shares of Shakti Pumps (India) fell 2.49% to end at Rs 640.35 on the BSE. Powered by Capital Market - Live

Net profit of Shakti Pumps (India) declined 69.53% to Rs 31.70 crore in the quarter ended December 2025 as against Rs 104.05 crore during the previous quarter ended December 2024. Sales declined 15.07% to Rs 550.99 crore in the quarter ended December 2025 as against Rs 648.77 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales550.99648.77 -15 OPM %10.7123.80 - PBDT48.62146.48 -67 PBT41.76141.55 -70 NP31.70104.05 -70 Powered by Capital Market - Live

Shakti Pumps (India) will hold a meeting of the Board of Directors of the Company on 13 February 2026.Powered by Capital Market - Live

The order was awarded by the Karnataka Renewable Energy Development (KREDL) under component-B of the PM-KUSUM scheme. The scope of work includes the design, manufacture, supply, transport, installation, testing and commissioning of the stand-alone off-grid DC SPWS. The contract is valued at Rs 654.03 crore and is expected to be executed on or before 31st March 2026. Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors, and other products. The company's consolidated net profit declined 10.56% to Rs 90.71 crore in Q2 FY26 compared with Rs 101.42 crore in Q2 FY25. Revenue from operations rose 5% YoY to Rs 666.35 crore in Q2 Sept 2025.Powered by Capital Market - Live

Shakti Pumps (India) has received 1st letter of award from Karnataka Renewable Energy Development for 16780 stand']alone off']grid DC solar photovoltaic water pumping systems (SPWPS) pumps for the entire state of Karnataka under Component']B of PM']KUSUM scheme. The total value of the 16,780 pumps is around Rs. 654.03 crore (inclusive of GST).Powered by Capital Market - Live

Shakti Pumps (India) has received work order from Haryana Renewable Energy Department (HAREDA) for 792 Solar Water Pumping Systems (SWPS) pumps for the entire state of Haryana under Component-B of PM-KUSUM scheme. The total value of the 792 pumps is around Rs. 23.54 crore (inclusive of GST) which is to be executed within 90 days. Powered by Capital Market - Live

The project is to be executed within 90 days. Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors, and other products. The company's consolidated net profit declined 10.56% to Rs 90.71 crore in Q2 FY26 compared with Rs 101.42 crore in Q2 FY25. Revenue from operations rose 5% YoY to Rs 666.35 crore in Q2 Sept 2025. Shares of Shakti Pumps India shed 0.04% to Rs 739 on the BSE.Powered by Capital Market - Live

Shakti Pumps (India) has further received new work order from Madhya Pradesh Urja Vikas Nigam for 1,952 Stand']alone Off']Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Madhya Pradesh under Component']B of PM']KUSUM scheme. The total value of the 1,952 pumps is around Rs. 67.32 crore (inclusive of GST) which is to be executed within 120 days.Powered by Capital Market - Live

Shakti Pumps (India) has received new work order from Madhya Pradesh Urja Vikas Nigam for 4,840 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Madhya Pradesh under Component-B of PM-KUSUM scheme. The total value of the 4,840 pumps is around Rs. 170.25 crore (inclusive of GST) which is to be executed within 120 days. Powered by Capital Market - Live