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Shakti Pumps Reports Revenue Growth of 83.6 Percent in FY25, PAT Nearly Triples

Indore-based Shakti Pumps has reported an 83.6 percent jump in FY25 revenue to INR 25,162 million, driven by strong domestic and export performance and improved margins. The company’s Profit after Tax (PAT) increased to INR 4,084 Mn in FY25 from INR 1,417 million in FY24.

May 12, 2025. By Mrinmoy Dey

Indore-based Shakti Pumps, a manufacturer of solar-powered water pumping systems, has reported a revenue growth of 83.6 percent in FY 2025 with the revenue from operations reaching INR 25,162 million from INR 13,707 million reported in FY 2024.

The company’s export revenue in FY25 grew by 52.7 percent to INR 4,368 million as compared to INR 2,861 million in FY24. EBITDA climbed to INR 6,030 Mn in FY25, compared to INR 2,248 Mn in FY24, with the EBITDA margin improving to 24 percent, up from 16.4 percent in the previous fiscal, reflecting stronger operational execution and cost optimisation.

Further, the company’s Profit after Tax (PAT) increased to INR 4,084 Mn in FY25 from INR 1,417 million in FY24. The PAT Margin widened to 16.2 percent, compared to 10.3 percent in FY24.

In Q4, FY 25, the company reported revenue from operations of INR 6,653 Mn, marking a YoY growth of 9.2 percent from INR 6,093 Mn reported in Q4FY24.

EBITDA reached INR 1,639 Mn during the quarter, a YoY increase of 25.4 percent over INR 1,308 Mn in Q4FY24. The EBITDA margin improved to 24.6 percent in Q4FY25, expanding by 318 basis points from the previous year, supported by stronger order fulfilment and greater operational efficiencies.

PAT for the quarter stood at INR 1,102 Mn, reflecting a YoY growth of 22.9 percent compared to INR 897 Mn in Q4FY24. Consequently, the PAT margin rose to 16.6 percent, up from 14.7 percent in the same quarter last year.

The company further reported that it invested INR 180 Mn through multiple tranches in its wholly-owned subsidiary, Shakti EV Mobility. The consolidated investment as on date stood at INR 500 Mn.

In another development, Madhya Pradesh Industrial Development Corporation (MPIDC) has sanctioned 113 Acre land to the company’s wholly-owned subsidiary Shakti Energy Solutions, located at Smart Industrial Township, Sector-7, Pithampur. “This land will be utilised for setting up a solar cell and PV module manufacturing facility, using wafers as input material,” said the company in a statement.

Commenting on the company’s financial performance, Dinesh Patidar, Chairman, Shakti Pumps (India) Ltd. said, “This impressive topline growth was driven by strong performances in both our domestic and export businesses, with profitability and margins further bolstered by our unwavering focus on operational efficiencies. Our healthy order book of INR 16,546 Mn and steady order inflow instil confidence in our ability to achieve robust growth in FY26 and beyond.”

He further added, “In addition to our current order book and ongoing inflows from states like Maharashtra, Rajasthan, and Haryana, we have actively bid for orders in various other states, including Madhya Pradesh and Punjab. We are confident that our strong presence and market share in these states will enable us to secure significant new orders.”

Talking about the market potential, he shared, “We remain highly optimistic about the vast opportunities that lie ahead. The solar pumps industry in India is experiencing rapid growth, driven by increasing focus from both central and state governments through initiatives such as PM KUSUM, Magel Tyala Saur Krushi Pump Scheme (Maharashtra), and Pradhan Mantri Krishak Mitra Surya Yojana (Madhya Pradesh). Additionally, the Solar Rooftop sector presents a promising opportunity, with initiatives like PM Surya Ghar: Muft Bijli Yojana further enhancing the growth potential. Our strategic initiatives, robust order book, and focus on operational excellence will drive our growth and success in the years to come.”

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Shakti Pumps (India) Limited

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Shakti Pumps to manufacture solar cell and modules