Shakti Pumps Shares Soar: What's Driving the Surge in India's Renewable Energy Sector?

Shakti Pumps Share Price on the Rise

Shakti Pumps, a leading Indian manufacturer of solar pumps and motors, has seen its share price surge for the third consecutive day, reaching a one-month high of ₹739.60 apiece. This comes after the company secured multiple orders, including a ₹71.25 crore work order from Madhya Pradesh Urja Vikas Nigam Limited for 2,033 stand-alone off-grid DC solar photovoltaic water pumping systems.

Recent Orders and Their Impact

The company has received several orders recently, including a Letter of Empanelment from the Maharashtra State Electricity Distribution Company, worth ₹443.78 crore. These orders are expected to contribute significantly to Shakti Pumps' revenue growth, particularly under the PM-KUSUM scheme, which aims to promote decentralized renewable energy solutions in India.

• The company's order book stood at ₹13,000 crore at the end of the September quarter.
• Shakti Pumps has seen strong order inflows from Maharashtra, which is expected to lead in execution and add significantly to the company's growth through upcoming large-scale projects.

Q2 2025 Performance

For the quarter ended in September (Q2FY26), Shakti Pumps reported revenue of ₹666 crore, a 5% year-on-year improvement over the same period last year. However, the company's operating margins were impacted by rising raw material prices, resulting in a net profit of ₹91 crore, down from ₹101 crore in the same period last year.

Global Demand and Future Outlook

Despite the challenges, Shakti Pumps remains confident in its ability to sustain growth momentum, driven by increasing demand from countries like the USA, Middle East, and Africa. The company has successfully executed projects in Haiti, Uganda, Bangladesh, and Nepal, and is well-positioned to capitalize on the growing demand for renewable energy solutions.

The company's share price has gained a cumulative 34.22% in just three trading sessions, recovering most of the losses from the recent slump. However, the shares are still down 31% year-to-date, and may mark the company's first yearly drop since 2022 if the trend continues.

Disclaimer: This story is for educational purposes only, and investors are advised to check with certified experts before making any investment decisions.