Shakti Pumps Q3 Profit Plunges 70% Amid Maharashtra Slowdown, Soaring Costs

• Shakti Pumps reported a 69.5% YoY decline in Q3 net profit to ₹31.7 crore, down from ₹104 crore.
• Revenue fell 15% to ₹551 crore, and EBITDA dropped 61.9% with margins narrowing to 10.7%.
• Performance was impacted by a deliberate slowdown in Maharashtra due to elevated receivables, pausing ₹200 crore in orders.
• Higher raw material costs, lower realizations on 'Magel Tyala' orders, and increased employee expenses squeezed margins.
• Despite challenges, export revenue remained strong, and the company expects Q4 FY26 to be its highest revenue quarter.