Shakti Pumps India Ltd shares gained up to 7% in today's trading session after the company secured a significant order worth ₹654.03 crore from Karnataka Renewable Energy Development Limited. The stock was trading at ₹719.70 per share, representing a 5% increase from the previous closing price of ₹685.65, with the company's market capitalisation standing at ₹8,880.95 crore.

Major Karnataka Order Win

The company received its first letter of award from Karnataka Renewable Energy Development Limited for 16,780 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps covering the entire state of Karnataka under Component-B of the PM-KUSUM scheme.

Recent Order Book Expansion

Shakti Pumps has significantly strengthened its order book with multiple PM-KUSUM wins across various states, improving near-term revenue visibility.

Financial Performance Overview

The company reported mixed financial results in its recent quarterly performance. Revenue showed steady growth of 5%, increasing from ₹635.00 crore in Q2FY25 to ₹666.00 crore in Q2FY26. However, net profit declined by 10%, falling from ₹101.00 crore to ₹91.00 crore, indicating margin pressure and higher operational costs despite improved topline performance.

Business Model and Market Position

Shakti Pumps India Ltd operates through a diversified business model spanning legacy and emerging segments. Solar pumps constitute the core business with FY25 revenue of ₹20,794.00 million, while exports contributed ₹4,368.00 million across 100+ countries. The company is also expanding into newer verticals including EV motors and controllers, and solar rooftop solutions to drive future growth.

As an integrated manufacturer of solar and electric submersible pumps, the company maintains a presence in over 100 countries. Key operational highlights include:

• In-house manufacturing of pumps and motors
• Portfolio of 15 patents
• Over 1,200 product variants
• Network of 500+ dealers and 400+ service centres across India

Strong Order Book Position

As of November 7, 2025, Shakti Pumps maintains a robust outstanding order book of ₹1,300.00 crore, providing solid revenue visibility and execution momentum. The order book composition shows off-grid solar pumping as the dominant segment, with Maharashtra contributing ₹464.00 crore and Uttar Pradesh adding ₹367.00 crore. Additional grid-connected, export, and Uganda orders further strengthen the company's near-term growth prospects.

Shakti Pumps has secured a major solar pump order worth ₹654 crores, marking a significant milestone for the company's solar pumping solutions business. This substantial order win demonstrates the company's strong market position and technical capabilities in the renewable energy-powered water pumping segment.

Order Details

The following table summarizes the key details of this major order:

Business Impact

This significant order represents a major business development for Shakti Pumps, reinforcing the company's position as a key player in the solar pumping solutions market. The substantial value of ₹654 crores indicates the scale and importance of this contract for the company's revenue pipeline.

The order win reflects the growing demand for sustainable and energy-efficient water pumping solutions across various applications. Solar pumps offer an environmentally friendly alternative to conventional diesel-powered pumps, particularly beneficial in rural and remote areas where grid connectivity may be limited.

Market Position

This large order demonstrates Shakti Pumps' ability to secure significant contracts in the competitive solar pumping market. The company's success in winning such substantial orders indicates its technical expertise and market credibility in delivering reliable solar-powered pumping systems.

The order is expected to contribute meaningfully to the company's business performance and strengthens its portfolio in the renewable energy solutions segment.