Shakti Pumps (India) (531431) investor relations material

Executive summary

• FY26 was a strategic transition year focused on balance sheet strength, cash conversion, and sustainable growth, with continued leadership in the solar pumping segment.

• Achieved record consolidated revenue of INR 2,698 crore (Rs. 26,976 Mn) for FY26 and INR 858 crore (Rs. 8,578 Mn) in Q4, driven by strong solar pump demand and robust execution.

• Solar pump installations rose 20% year-over-year to 86,086 units, with Q4 installations up 51% year-over-year to 28,345 units.

• Audited standalone and consolidated financial results for FY26 were approved, with auditors issuing unmodified opinions.

• Final dividend of ₹1 per equity share (10%) recommended, subject to AGM approval.

Financial highlights

• Consolidated revenue reached INR 2,698 crore (Rs. 26,976 Mn) in FY26, with Q4 revenue at INR 858 crore (Rs. 8,578 Mn).

• EBITDA margin sustained at 15.6% for FY26, with EBITDA at Rs. 4,217 Mn.

• PAT for FY26 stood at Rs. 2,576 Mn, with a PAT margin of 9.5%.

• Receivables reduced by over INR 420 crore (Rs. 4,200 Mn) in Q4, improving receivable days by 77 days.

• Cash flows from operations were INR 124 crore (Rs. 1,241 Mn) in FY26.

Outlook and guidance

• Positive demand outlook driven by policy momentum under PM-KUSUM 2.0 and state-level solar initiatives.

• Ongoing capex plan of Rs. 17,000 Mn to double capacity for pumps, motors, VFDs, and solar structures.

• Rooftop solar business expected to deliver strong numbers in the coming year, with positive feedback on inverter performance.

• No specific revenue or margin guidance for FY27; management will provide updates quarterly.