Shakti Pumps Shares Jumps 12% After Rs 443 Crore Solar Pump Order

Shakti Pumps’ share price moved up by around 12 percent today after the company announced a new order from the Maharashtra State Electricity Distribution Company Limited. The order includes 16,025 off-grid solar water pumps under the Magel Tyala Saur Krushi Pump Yojana and PM-KUSUM B scheme. The total value of the project is Rs 443.78 crore including GST.

Why this announcement moved the stock

The size of the order and the short execution window drew immediate interest. All pumps need to be supplied and installed within 60 days of the work order. Since the company has delivered similar projects in the past, the market sees this order as adding short-term revenue visibility.

Maharashtra is also one of the most active states in solar pump adoption. The state has already installed several lakh solar pumps under various schemes, showing that demand for solar irrigation is not slowing down.

Financial highlights

• Q2 FY26 revenue stood at Rs 6,66.4 cr, which is about 5 percent higher on a YoY basis.
• Q2 PAT came in at Rs 90.7 cr, lower than Rs 101.4 cr in the same quarter last year.
• FY25 annual revenue was Rs 2,516.2 cr, an 84 percent increase compared to the previous year.
• FY25 profit after tax reached Rs 408.4 cr, almost three times higher than the previous year.
• The company’s order book as of early November 2025 was around Rs 1300 cr, and the new Rs 443 crore order further adds to near-term execution visibility.

Company’s position in the solar pump space

Shakti Pumps has been an important supplier under national and state-level solar pump schemes. It has installed a large number of pumps across India and continues to benefit from ongoing government-led programs. The order pipeline across multiple states indicates that demand will likely stay steady.

Why these orders matter

Solar pumps help reduce reliance on grid power and diesel, lower subsidy burdens for states and support the wider shift toward clean energy. Maharashtra’s continued rollout of solar pumps under state and central schemes shows long-term commitment to solar-based irrigation.

Key analytical takeaways

• The new Rs 443 crore order fits well into the company’s already strong order book, improving short-term revenue visibility.
• Q2 revenue showed modest YoY growth, but profit dipped due to higher costs, making execution efficiency important going ahead.
• Strong FY25 annual growth sets a high base, so upcoming quarters will show whether the company can maintain momentum.
• Demand from government schemes remains the main driver, meaning future order inflows from states will play a key role in overall performance.

What you should track next

• How quickly the company completes the 16,025 pump installations
• Whether more tenders are released by states in the coming months
• The impact of the company’s expanding manufacturing capacity on future deliveries

Summary

The 12% rise in the stock came after the company secured a large new solar pump order from Maharashtra. This development adds to its existing order book and offers clearer visibility for near-term execution. While quarterly profit has seen some pressure, overall demand for solar pumps under government schemes remains steady. As more states continue to expand solar irrigation, the company is likely to stay involved in these projects, making this order an important addition to its ongoing work.

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