Shakti Pumps (India) Limited Earnings Summary — Q1 FY2027

• Consolidated revenue for Q1 FY2027 grew robustly by 37.9% YoY to ₹858.67 Cr, though sequentially it remained flat (+0.1%).
• Net profit witnessed a sharp year-on-year decline of 46.7% to ₹51.59 Cr compared to ₹96.83 Cr in the same quarter last year.
• The Overseas Subsidiaries segment showed resilience, contributing ₹7.69 Cr to segment results, more than doubling its contribution YoY.
• Total expenses rose significantly by 61.3% YoY, primarily driven by a surge in material costs and other operating expenses.
• The balance sheet remains sizable with total assets of ₹3,176.60 Cr, though capital employed increased to ₹1,758.88 Cr.
• Finance costs increased to ₹14.57 Cr from ₹9.76 Cr YoY, indicating higher debt servicing requirements as the company scales operations.
• Standalone performance lagged the consolidated group, with standalone PAT at ₹42.99 Cr compared to ₹94.41 Cr in Q1 FY2026.

Management continues to focus on transitioning toward global component branding for water and mobility sectors, supported by a robust patent portfolio and backward integration.

Deteriorating

While revenue remains high, a sharp drop in YoY profitability and high material costs signal margin pressures compared to the exceptionally strong performance seen in the prior year.

The company is at a pivot point, leveraging the PM KUSUM scheme while diversifying into the EV mobility space via motors and controllers. Future performance depends on government tender timelines and the pass-through of raw material costs.