What was Shakti Pumps's revenue in Q3 FY26?

Shakti Pumps reported revenue of ₹551 Cr in Q3 FY26, a — change year-over-year.

Did Shakti Pumps management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Shakti Pumps Q3 FY26 Research Workspace: Revenue ₹551 Cr (—)

Q: What guidance did Shakti Pumps management give?

Q4 FY26 to be highest revenue quarter ever: Management expects Q4 FY26 to be the highest revenue quarter in the company's history, driven by resumed execution in Maharashtra and new orders.

Revenue ₹551 Cr

EBITDA —

PAT ₹32 Cr

EBITDA Margin —

Duration 57 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Shakti Pumps reported a weak Q3 FY26, with revenue and margins impacted by a strategic pause on ~₹200 crore of Maharashtra orders due to delayed payments. Management emphasized balance sheet discipline over short-term growth, leading to lower revenue recognition and margin pressure. EBITDA margin fell sharply to ~11% (from ~20%+ in prior quarters) due to lower realization on Magaltala orders (~4% hit), raw material cost inflation (~2%), and one-time labor costs of ₹4.4 crore. The order book remains strong at ₹2,100 crore, diversified across states. Execution has resumed in Maharashtra following fund releases, and Q4 is expected to be the highest revenue quarter ever. However, margin recovery hinges on product mix improvement and raw material cost stability. Key risk: sustained margin compression if competitive pricing and input cost pressures persist.

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Risk Intelligence

Sustained margin pressure from raw material costs

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Quarter Snapshot

Order Book ₹2,100 crore

+62% QoQ

Order book grew from ₹1,300 crore in Q2 FY26, driven by new orders from Karnataka and other states.

Export Revenue (9M FY26) ₹37 crore

+25% YoY

Retail export business grew 25% YoY in 9M FY26, with Q3 contributing ₹15 crore.

Non-Kusum Pump Sales (9M FY26) ₹66.6 crore

+68% YoY

Non-subsidized pump sales grew 68% YoY, driven by dealer network expansion.

Capacity Utilization 60%

flat

Management indicated 40% spare capacity available for Q4 execution ramp-up.

Fast read

Guidance and risk preview

Top guidance Q4 FY26 to be highest revenue quarter ever

Management expects Q4 FY26 to be the highest revenue quarter in the company's history, driven by resumed execution in Maharashtra and new orders.

Top risk Sustained margin pressure from raw material costs

Copper, steel, and aluminum prices have risen significantly, and management noted that margin recovery depends on product mix and cost pass-through...