Shakti Pumps (India) Ltd

Shakti Pumps (India) has received a work order from Madhya Pradesh Urja Vikas Nigam for 2,033 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 2,033 pumps is around Rs. 71.25 crore (inclusive of GST) which is to be executed within 120 daysPowered by Capital Market - Live

In an exchange filing, the company said it received a work order valued at Rs 71.25 crore from Madhya Pradesh Urja Vikas Nigam for the design, manufacture, supply, transport, installation, testing and commissioning of 2,033 stand-alone off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). These systems will be deployed across Madhya Pradesh under Component-B of the PM-KUSUM scheme and are scheduled to be executed within 120 days. The company also stated that neither its promoters nor promoter-group members have any interest in the awarding entity, confirming that the transaction does not fall under related-party dealings as per regulatory norms. In a separate filing, the company announced its second order worth Rs 23.98 crore from JREDA. The order involves the design, manufacture, supply, transport, installation, testing and commissioning of 1,200 Solar Water Pumping Systems (SWPS) across various locations in Jharkhand, also under Component-B of the PM-KUSUM scheme. This project will be executed within 120 days. As with the previous contract, the company confirmed no related-party involvement. 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 its second order from the state of Jharkhand. Jharkhand Renewable Energy Development Agency has given Letter of Award for 1,200 Nos. of Solar Water Pumping Systems (SWPS) at various locations across the state of Jharkhand under Component-B of PM-KUSUM scheme. The total amount of the order value is for around Rs. 23.98 crore (inclusive of GST). Powered by Capital Market - Live

Shakti Pumps (India) has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company for 16,025 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana /PM Kusum B Scheme. The total value of the 16025 pumps is around Rs. 443.78 crore (inclusive of GST) which is to be executed within 60 days from the issuance of work order/NTP.Powered by Capital Market - Live

The empanelment falls under the Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B Scheme and covers the installation of 16,025 off-grid DC solar water pumps of 3 horsepower (HP), 5 HP, and 7.5 HP capacities. The total value of the 16,025 pumps is around Rs 443.78 crore (inclusive of GST) which is to be executed within 60 days from the issuance of work order. 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

Net profit of Shakti Pumps (India) declined 10.56% to Rs 90.71 crore in the quarter ended September 2025 as against Rs 101.42 crore during the previous quarter ended September 2024. Sales rose 5.00% to Rs 666.35 crore in the quarter ended September 2025 as against Rs 634.59 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales666.35634.59 5 OPM %20.4023.44 - PBDT128.19143.37 -11 PBT121.52138.45 -12 NP90.71101.42 -11 Powered by Capital Market - Live

Shakti Pumps (India) will hold a meeting of the Board of Directors of the Company on 7 November 2025.Powered by Capital Market - Live

Shakti Pumps (India) announced that following the receipt of a Letter of Empanelment from the Maharashtra State Electricity Distribution Company (MSEDCL) on 12 August 2025 for the supply and installation of 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B, the company has achieved a remarkable milestone. On 27 August 2025, the MSEDCL portal was opened for Shakti Pumps, offering 10,000 Off-Grid Solar Pumps to farmers across Maharashtra. In an extraordinary show of trust and demand, all units were selected by farmers within just 1.5 hours of the portal going live. The total value of this order is approximately Rs. 268.88 crore (inclusive of GST), reinforcing Shakti Pumps' leadership in delivering high-quality, sustainable water solutions at scale. Powered by Capital Market - Live

The order is worth about Rs 1,037 crore. It includes installations throughout Maharashtra under the Magel Tyala Saur Krushi Pump Yojana and PM KUSUM B scheme. The empanelment lasts for one year. Shakti Pumps (India) chairman, Dinesh Patidar, expressed his delight on this significant development: 'We are delighted to announce that we have received a Letter of Empanelment for 34,720 pumps from MSEDCL under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B. This significant development will greatly enhance our robust order book position. As one of the leaders in the solar pumps market, we hold a strong market share across key states, and this large order further solidifies our position. We are witnessing steady inflows and actively participating in tenders across states like Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, Jharkhand, etc. Our presence in these markets, built over more than a decade, positions us well to capitalize on the immense opportunities that lie ahead.' Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors, and other products.Powered by Capital Market - Live

Revenue from operations decreased 6.43% to Rs 622.50 crore in Q1 FY26 as against Rs 665.32 crore reported in Q4 FY25. On a year-on-year (YoY) basis, the IT firm's net profit grew 4.50%, while revenue rose 9.60% in Q1 FY26. Profit before tax was at Rs 129.66 crore during the quarter, down 13.69% quarter on quarter (QoQ) but up 3.24% year on year (YoY). EBITDA stood at Rs 143.60 crore in Q1 FY26, up 5.66% compared with Rs 135.90 crore in Q1 FY25. EBITDA margin reduced to 23.1% in Q1 FY26 as against 23.9% in Q1 FY25. Shakti Pumps (India) Limited Chairman, Dinesh Patidar, said: 'We are pleased with a strong start to FY26, driven by robust execution in the solar pump segment, steady export growth, and strategic investments in capacity and technology. We continue to lead the PM-KUSUM scheme with a 25% market share in major agricultural states. As of 1st August 2025, our order book stands at around Rs. 13,500 Mn, supported by steady inflows and active participation in tenders across Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, Jharkhand, and others. Our decade-long presence in these markets positions us well to capture growing demand. The rooftop solar segment is gaining momentum, aided by government initiatives like PM Surya Ghar: Muft Bijli Yojana. We are expanding our footprint in this and in domestic, industrial, and EV segments. Our export business, growing at ~25% CAGR over four years, is strong with projects in Haiti, Uganda, Bangladesh, Nepal, and rising demand from the USA, Middle East, and Africa. Operationally, we improved receivable days from 178 in FY24 to 152 in FY25, targeting 120 days by FY26-end. Our Rs. 17,000 Mn capex plan includes doubling capacity for pumps, motors, VFDs, and solar structures (Rs. 2,500 Mn), establishing an EV motor and charger facility (Rs. 2,500 Mn), and setting up a 2.2 GW solar DCR cell and PV module plant in Pithampur (Rs 12,000 Mn). We raised Rs. 2,926 Mn via QIP to partially fund the solar project, with the rest financed through internal accruals and debt. Looking ahead, we aim for 25'30% revenue growth in FY26 and sustained growth over the next 3'4 years. Our focus on clean energy, operational discipline, and a strong order pipeline positions us well for long-term value creation.' Meanwhile, the company announced an investment in its wholly owned subsidiary, Shakti EV Mobility, incorporated on 16th December 2021. The investment will be made by way of issuing equity shares, with a total consideration of Rs. 5.00 Crores. As of 31st March 2025, Shakti EV Mobility holds total assets of Rs. 10,121.83 Lakhs. The subsidiary operates in the electric vehicle industry, specializing in the manufacturing of electric vehicle motors for two-wheelers, three-wheelers, four-wheelers, and special-purpose vehicles, along with the production of EV chargers and controllers. The company currently has a presence in India. Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other products.Powered by Capital Market - Live