Shakti Pumps’ Profit Nearly Triples In FY25, Revenues Up By 84%

Shakti Pumps

Indore-based Shakti Pumps (India) Limited, a manufacturer of solar-powered water pumping systems, has reported an outstanding financial performance for the fiscal year ended March 31, 2025. The company registered an 84.3% year-on-year (YoY) growth in annual revenue and nearly tripled its net profit, underscoring strong demand momentum and efficient execution across its operations.

Quarterly results 

For the fourth quarter (Q4) of FY25 (January–March 2025), Shakti Pumps posted a revenue of ₹669.76 crore, representing a 9.8% increase over the ₹610.13 crore reported in the same quarter last year (Q4FY25). On a sequential basis, revenue grew 2.6% from ₹652.73 crore in Q3 FY25 (October–December 2024), showing a steady upward trend. Net profit for Q4 FY25 stood at ₹110.23 crore, up 22.9% year-on-year and 5.9% sequentially from ₹104.05 crore in Q3 FY25. At its concall post Q2 results, the firm’s management had guided for a full year revenue in the range of Rs 2500 crores, which it has delivered. the new financial year will show how well it has gone with the debottlenecking it promised that would enable it to go for Rs 3200 crores in topline without major expansions.

The audited consolidated financial results for the year ended March 31, 2025, encompass the financial information of the Holding Company, its Uganda branch, and five subsidiaries. The subsidiaries included in the consolidation are: Shakti Energy Solutions Limited, Shakti EV Mobility Private Limited, Shakti Pumps FZE, Shakti Pumps USA, LLC and Shakti Pumps (Bangladesh) Limited.

Q4 revenues of Shakti Pumps in the last 5 years. Compiled by-Saur Energy

Annual Growth 

For the full financial year FY25, Shakti Pumps reported total revenue of ₹2,533.33 crore, a sharp jump from ₹1,374.31 crore in FY24. The company’s net profit surged to ₹408.37 crore, up from ₹141.73 crore in the previous year, marking a strong 188.1% YoY increase. The massive expansion in profit was backed by strong operational performance, rising demand for solar irrigation solutions, and supportive policy frameworks like the PM-KUSUM scheme that bolstered solar adoption in India’s agricultural sector.

The strong growth in the company’s topline and bottomline also reflects Shakti Pumps’ success in scaling up both domestic and international business operations. Strategic investments in technology, product diversification, and rural outreach played key roles in delivering these results.

Profits of Shakti Pumps in the last five years. Compiled by-Saur Energy

The company remains poised to continue the strong growth journey it has transitioned to over the past two years, thanks to a strong control over its supply chain, and the thrust on the PMKUSUM scheme. The other upside to watch for in the new financial year will be the performance of its EV division, which has moved closer to a strong go to market stage now with its electric motors.

The expansion into solar module and cell manufacturing will probably be seen only by 2027, if the firm stays firm with the plan, as the DCR module shortages that forced it to consider making itself, might be resolved significantly by this year end. We believe the firm might yet do a rethink on those plans.