Shakti Pumps (India) Limited Earnings Summary — Q1 FY2027
Shakti Pumps Reports Moderate Revenue Growth Amid Margin Compression in Q1
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹859 Cr is 37.9% higher year-on-year.
- Revenue has compounded at 16.5% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹52 Cr is 46.7% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -21.8% annualised across the period.
- Operating margin stands at 9.7% in Q1 FY2027.
- Operating margin compressed by 1341 bps year-on-year.
- Over the last two years operating margin has contracted by 1429 bps.
- PBT margin is 8.3%.
- Expenses grew 62.0% against revenue growth of 37.9%.
- Operating profit of ₹83 Cr is 42.3% lower year-on-year.
- Operating leverage has been under pressure recently.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 46/100 (Moderate) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 859 | 858 | 551 | 666 | 623 | 665 | 649 | 635 | 568 | 609 |
| Expenses | Accelerating | 776 | 775 | 492 | 530 | 479 | 501 | 494 | 486 | 432 | 479 |
| Operating Profit | Stable | 83 | 83 | 59 | 136 | 144 | 164 | 154 | 149 | 136 | 131 |
| Operating Margin | Softening | 9.7% | 9.7% | 10.7% | 20.4% | 23.1% | 24.6% | 23.8% | 23.4% | 23.9% | 21.5% |
| Other Income | Strong Uptrend | 10 | 10 | 8 | 6 | 2 | 4 | 4 | 6 | 3 | 1 |
| Interest | Improving | 15 | 18 | 18 | 13 | 10 | 13 | 12 | 11 | 8 | 8 |
| Depreciation | Improving | 8 | 9 | 7 | 7 | 6 | 5 | 5 | 5 | 5 | 5 |
| Profit Before Tax | Stable | 71 | 66 | 42 | 122 | 130 | 150 | 142 | 138 | 126 | 119 |
| Tax | Volatile | 19 | 28 | 10 | 31 | 33 | 40 | 38 | 37 | 33 | 29 |
| Net Profit | Stable | 52 | 38 | 32 | 91 | 97 | 110 | 104 | 101 | 93 | 90 |
| Net Margin | Softening | 6.0% | 4.5% | 5.8% | 13.6% | 15.6% | 16.6% | 16.0% | 16.0% | 16.3% | 14.7% |
Key Takeaways
- 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 Guidance
Management continues to focus on transitioning toward global component branding for water and mobility sectors, supported by a robust patent portfolio and backward integration.
Sentiment Shift
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.
Outlook
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.
From the Annual Report (Key Quotes)
“The Statement has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34.”
“Segment results for Overseas Subsidiaries grew to ₹7.69 Cr in Q1 FY2027 from ₹3.66 Cr in Q1 FY2026.”
“The figures of the quarter ended March 31, 2026 are balancing figures between audited figures and the published year-to-date figures.”
Official Quarterly Documents
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This summary is AI-generated from Shakti Pumps (India) Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.