Shakti Pumps Q4 FY26: Sales up 29%, profit down 65%

What Shakti Pumps reported for the March 2026 quarter

Shakti Pumps (India) reported its standalone quarterly numbers for the period ended March 2026 with revenue growth but a sharp decline in net profit. Net sales or income from operations stood at Rs 842.36 crore for Mar-26, up 29.43% from Rs 650.82 crore in Mar-25. The company’s summary performance numbers also reported sales at Rs 857.77 crore for the quarter, up 28.93% from Rs 665.32 crore a year earlier. Net profit for the Mar-26 quarter was reported at Rs 38.33 crore, down 65.23% from Rs 110.23 crore in Mar-25. The reported operating margin (OPM) for the quarter was 9.69%, compared with 24.64% in the year-ago quarter.

Key cost lines and what the quarter’s P&L shows

The cost structure in the standalone table shows higher consumption of raw materials in Mar-26. Consumption of raw materials was Rs 633.69 crore in Mar-26 versus Rs 399.74 crore in Mar-25 and Rs 414.29 crore in Dec-25. Employee cost was Rs 30.19 crore in Mar-26, compared with Rs 21.10 crore in Mar-25 and Rs 34.87 crore in Dec-25. Depreciation came in at Rs 5.18 crore in Mar-26, largely steady versus Rs 5.20 crore in Dec-25 and up from Rs 4.63 crore in Mar-25. The “increase or decrease in stocks” line was Rs 15.29 crore in Mar-26 versus Rs 27.39 crore in Mar-25, while it was negative at Rs -11.52 crore in Dec-25.

Profitability metrics: PBDT, PBT and margin compression

The company’s quarterly performance table shows profit before depreciation and tax (PBDT) at Rs 74.95 crore in Mar-26 versus Rs 155.60 crore in Mar-25, a decline of 52%. Profit before tax (PBT) was Rs 66.21 crore in Mar-26 compared with Rs 150.23 crore in Mar-25, down 56%. Net profit (NP) was Rs 38.33 crore, down 65% year-on-year for the quarter. Alongside these profit declines, OPM for the quarter was reported at 9.69% versus 24.64% in Mar-25. These numbers, taken together, point to a quarter where topline growth did not translate into bottom-line growth.

Full-year FY26 numbers: sales up, profit down

For the year ended March 2026, Shakti Pumps reported sales of Rs 2,697.61 crore, up 7.21% from Rs 2,516.24 crore in FY25. Net profit for FY26 declined 36.92% to Rs 257.58 crore, compared with Rs 408.37 crore in FY25. The reported annual OPM was 15.63% in FY26 versus 23.96% in FY25. Annual PBDT was Rs 387.47 crore versus Rs 575.79 crore, while annual PBT was Rs 359.15 crore versus Rs 555.80 crore. The full-year summary reinforces the same theme as the quarter: revenue rose, but profitability metrics moved lower.

How the stock moved and what traders reacted to

The stock saw sharp moves around the period as investors tracked both orders and price momentum. Shakti Pumps shares fell sharply on a Wednesday as investors booked profits after a sharp 40% rally in just four sessions. The surge was linked in the report to multiple order wins in December. The same update also noted the stock had surged for the fourth consecutive day, driven by multiple large solar pump orders across Maharashtra, Jharkhand, and Madhya Pradesh. These events show how quickly the stock reacted to incremental news flow, even as investors weighed the earnings outcome.

Snapshot table: the reported numbers at a glance

Additional reported context: revenue trajectory and market position

Separate data points in the report also describe the company’s longer-term revenue path. One dataset stated revenues of Shakti Pumps stood at Rs 1,374.3 crore in FY24 (from Rs 13,743 million), up 41.5% compared with Rs 970.9 crore in FY23 (from Rs 9,709 million). The same dataset showed revenue rising from Rs 386.9 crore in FY20 (from Rs 3,869 million) to Rs 1,374.3 crore in FY24, with a reported 5-year CAGR of 37.3%. Net profit in that dataset was Rs 141.7 crore in FY24 (from Rs 1,417 million), up 487.2% from Rs 24.1 crore in FY23 (from Rs 241 million). Another note in the text stated Shakti Pumps holds a 25% to 35% share in India’s solar pump market under the PM KUSUM scheme.

Company size and classification

As of Mar 26, 2026, Shakti Pumps (India) Ltd was reported to have a market capitalization of Rs 11,775.23 crore. Value Research was cited as classifying the company as a Large-Cap company. This classification and market cap matter for how institutional investors screen the stock and compare it with peers, especially when quarterly profit volatility is visible.

What to watch next

The latest quarter combines higher reported revenue with a sizable decline in profitability, while the market narrative includes rapid stock-price moves tied to order wins and profit booking. Investors typically track whether subsequent quarters show a recovery in margins, and whether the flow of solar pump orders continues across key states mentioned in the update. For now, the key confirmed inputs are the reported Q4 and FY26 standalone numbers, and the stock’s sharp move after a short rally linked to December order wins.