Two days ago, Shakti Pumps was punished for putting up ‘ordinary’ earnings for Q1FY26 and more so as the interpretation was that the Q-on-Q performance was not good. But today, the same stock is the toast of the Street, figuring among the top five gainers on the BSE. Why? The same numbers are looking good!

On a consolidated revenue of Rs.315 crore, up 34% (YoY) the company posted a good 87% jump in net profit at Rs.28 crore.

EBITDA came in at Rs.45 crore, up 61% while margins rose from 10.8% to 14.2%.

During the quarter, the company witnessed increased order inflow from the PM-KUSUM scheme, along with rising traction in overseas markets across Africa, Southeast Asia, and Latin America. The product mix shift towards high-margin solar and inverter-based pump solutions also contributed to margin expansion.

Giving its outlook, the company expects continued momentum to be driven by execution of government orders under renewable energy programs, capacity utilization gains from backward integration and ongoing product innovation in smart pumping solutions.

Looking at all this seemingly anew today, the stock first opened lower at Rs.780 v/s closing price yesterday at Rs.787.50 and rose to an intraday high at Rs.848.70, up 8%. Market cap is almost Rs.10,300 crore with promoters holding 50.27% stake, down from 50.61% (QoQ).