Q2 Results: Shakti Pumps Reports 5% Rise in Revenue, Net Profit Down 10.5%

Indian solar pump manufacturer and EPC company Shakti Pumps today announced its financial results for the second quarter (Q2) of the current financial year. The data shared by the company with the exchanges revealed that while the firm reported a marginal rise in its revenue, it witnessed a decline in its net profit.

The company reported a total revenue of Rs 666.35 crore in Q2FY26, compared to Rs 634.59 crore in the same quarter last year, registering a 5 percent year-on-year (YoY) growth. On a sequential basis, it reported a total revenue of Rs 622.50 crore in the first quarter (Q1) of the current financial year, indicating a 7 percent quarter-on-quarter (QoQ) increase in revenue collections.

The company also published its financial results for the first half (H1) of FY26, reporting a total revenue of Rs 1,288.85 crore compared to Rs 1,202.15 crore in H1FY25, a growth of 7.21 percent.

Decline In Profit 

While revenue showed marginal growth, the company reported a decline in profitability. The firm posted a net profit (PAT) of Rs 90.71 crore in Q2FY26, compared to Rs 101.42 crore in Q2FY25, reflecting a 10.5 percent YoY decline. On a sequential basis, the company had reported a PAT of Rs 96.83 crore in Q1FY26, translating to a 6.3 percent QoQ decline.

The weak quarterly performance was also reflected in the half-yearly results. Despite a marginal rise in revenue in H1FY26, the firm reported a 3.3 percent decline in PAT. Shakti Pumps recorded a PAT of Rs 194.08 crore in H1FY25, which dropped to Rs 187.54 crore in H1FY26.

A look at the balance sheet revealed that the company faced losses due to changes in inventories of finished goods and work-in-progress. It also recorded a marginal rise in employee benefit expenses and other operational costs.

Financial Burden 

Over the past year, the firm’s stock price has been under pressure due to subdued financial performance, high dependency on government contracts, and other challenges. The company had previously stated that delays in payments from government schemes such as PM-KUSUM affected its cash flow. However, Shakti Pumps mentioned that the payment delays have been gradually reducing as the company continues to address these challenges.