H1 revenue grows 24.5%, profit falls as margins compress; solar module trial production begins
H1 FY27 revenue rose 24.5% YoY to ₹ 16,047 Mn, but EBITDA margin was 9.2% and PAT ₹ 901 Mn.
By ScoutQuest · · 2 min read
- H1 FY27 Revenue
- ₹ 16,047 Mn, up 24.5% YoY
- EBITDA Margin
- 9.2%
- PAT
- ₹ 901 Mn
Shakti Pumps' Q2 and H1 FY27 earnings and operational update is a mix of strong top-line growth and much weaker profitability.
Key numbers
- H1 FY27 consolidated revenue from operations was ₹ 16,047 Mn, up 24.5% year-on-year.
- EBITDA margin was 9.2%.
- PAT was ₹ 901 Mn, compared with ₹ 1,875 Mn in H1 FY26.
- Solar pump installations were 51,543 pumps in H1 FY27.
- Outstanding order book was ₹ 7,510 Mn as on 23rd October 2026, inclusive of GST.
- Total receivables were ₹ 17,501 Mn as on 23rd October 2026.
What affected profitability
The company says margins moderated because of lower realisations, higher raw material costs and elevated logistics expenses linked to geopolitical conditions. It says it is working on cost optimisation, operating efficiencies and disciplined execution to ease these pressures. In simple terms, sales rose, but the profit earned on those sales was lower.
Business mix and operations
Solar pumps remain the main business. The update also covers exports, dealer and distributor revenue, retail and cash sales, and solar rooftop. Trial production has commenced for part of the planned solar module capacity in October 2026, and the company says the DCR solar cell facility is to be commissioned by FY28. These are capacity-building steps; their contribution to revenue and profit will depend on commissioning and ramp-up.
Order book and receivables
The ₹ 7,510 Mn order book gives visibility on future execution. The ₹ 17,501 Mn receivables figure shows money due from customers; the update indicates a large part is not yet due. Investors can track conversion of the order book into revenue and collection of receivables.
Simple takeaway
The update shows higher revenue and a healthy order book, but profitability is materially lower than the prior year because of margin pressure. The new capacity is at an early stage. The key things to watch are margin recovery, execution of the order book and cash collection.
Also from Shakti Pumps India
Shakti Pumps H1 FY27 revenue up 24.5% to ₹16,047 Mn as margins compress; order book at ₹7,510 Mn
23 Oct 2026
Board approves unaudited results for quarter and half year ended September 30, 2026; review conclusion unmodified
23 Oct 2026
Rs. 12 crore invested in wholly owned subsidiary Shakti EV Mobility via 1.2 crore equity shares
22 Oct 2026
More numbers
- H1 FY27 revenue from operations₹ 16,047 Mn
- H1 FY27 revenue growth YoY24.5%
- H1 FY27 EBITDA margin9.2%
- H1 FY27 profit after tax₹ 901 Mn
- H1 FY26 profit after tax₹ 1,875 Mn
- H1 FY27 solar pumps installed51,543 pumps
- Outstanding order book₹ 7,510 Mn
- Total receivables₹ 17,501 Mn
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