Shanti Gold International Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹659Cr
- +121.9% YoY
- Net profit
- ₹52Cr
- +477.8% YoY
- Margin
- 10%
- +3 pp YoY
Guidance rank: #12 of 81 in Consumer Durables
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The short version
Shakti Pumps expects year-on-year growth to continue, with updates provided quarterly (Page 9). Company expects year-on-year growth to continue, focusing on sustainable long-term growth.
From Shanti Gold International Ltd's Q4 FY26 earnings-call transcript · updated 11 Nov 2026.
Revenue & Sales Performance
- Shakti Pumps expects year-on-year growth to continue, with updates provided quarterly (Page 9).
- FY26 recorded 86,086 solar pump installations, growing 20% YoY, and Q4FY26 saw 28,345 installations, a 51% YoY increase (Page 4).
- Anticipation of strong demand supported by policy momentum under KUSUM 2.0, Magel Tyala scheme, and other state solar initiatives (Page 4).
- KUSUM 2.0 rollout expected by Q2 FY27, likely driving further order inflow (Pages 12, 17).
- Order book of approximately INR 1,500 crores provides visibility for next two quarters (Pages 4, 14, 17).
- Expansion focus on Southern states like Karnataka for more order visibility and execution (Page 16).
2 more points from Shanti Gold International Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- FY26 CAPEX completed around INR 114 crores, with INR 70 crores spent on EV motor and controller projects.
- Expansion of pump manufacturing capacity expected from Q2 FY27 onwards.
- Commissioning of a 0.5 GW solar module plant targeted by end of Q1 FY27, expected to improve margins.
- Development of a 2.2 GW solar cell capacity planned with expected completion by March 2028.
- Ongoing investments in R&D for reverse engineering, vendor negotiation, and product improvements to enhance margins.
- Strategic focus on solar rooftop systems, EV components, and power electronics like controllers and inverters to capitalize on clean energy transition.
2 more points from Shanti Gold International Ltd's call on capex
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Current order book is around INR 1,500 crores as of May 11, 2026.
- Out of this, INR 524 crores are from Maharashtra.
- The order book reflects diversified orders from multiple states.
- INR 1,200 crores have been received in Maharashtra, with payments issues resolved, leading to increased execution.
- Solar business executed INR 704 crores worth of orders in Q4 FY26 and INR 2,080 crores for the full FY26.
- Remaining execution from OEM, EV sales, domestic, and export markets.
- Order book visibility is sufficient for the next two quarters.
- Orders generally come with timelines of 90 to 120 days, extended for some projects like PM KUSUM.
2 more points from Shanti Gold International Ltd's call on order book
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Shanti Gold International Ltd — Quarterly revenue & net profit
Shanti Gold International Ltd Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 659 | 297 | +121.9% | 637 | +3.5% |
| Operating profit (EBITDA) | 67 | 21 | +219% | 60 | +11.7% |
| Operating margin | 10% | 7% | +3 pp | 9% | +1 pp |
| Profit before tax | 64 | 15 | +326.7% | 57 | +12.3% |
| Net profit (PAT) | 52 | 9 | +477.8% | 40 | +30% |
| EPS (₹) | 7.20 | 1.70 | +323.5% | 5.57 | +29.3% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹746 Cr, net profit ₹30 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Shanti Gold's management said in earlier quarters
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- Yash Optics (Q4 FY26)
Q4/FY26 Revenue from Operations: ₹3,061.4 Lacs (H2 FY26), up 29.1% YoY compared to ₹2,370.8 Lacs in H2 FY25 (Page 26). Key investor presentation takeaways from
- Sonam Ltd (Q4 FY26)
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Shanti Gold International Ltd Q4 FY26 results?
Shakti Pumps expects year-on-year growth to continue, with updates provided quarterly (Page 9). Company expects year-on-year growth to continue, focusing on sustainable long-term growth.
What is Shanti Gold International Ltd share price analysis?
Shanti Gold International Ltd currently shows a neutral. The stock trades at a P/E of 12.2 with a market cap of ₹2,094 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shanti Gold International Ltd planning capital expenditure?
FY26 CAPEX completed around INR 114 crores, with INR 70 crores spent on EV motor and controller projects.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.