GK Energy Reports Strong H1FY26 Performance with 50% Growth in Solar Pump Installations

GK Energy Limited, India’s largest EPC provider for solar-powered agricultural water pump systems, has reported robust operational and financial growth for the first half of FY26. The company installed 24,502 solar-powered pump systems during H1FY26, marking a 50.77% increase over the 16,251 installations recorded in H1FY25.

Financial Performance

The company posted consolidated revenue of ₹728.83 crores, supported by strong execution across solar pump and rooftop segments. GK Energy reported an EBITDA margin of 18.34% and a PAT margin of 11.56% for the period. EBITDA stood at ₹133.70 crores, while PAT reached ₹84.23 crores.

The company noted improved profitability in its core EPC business for solar pumps and rooftop systems, with the segment’s EBITDA margin expanding to 20.20% in H1FY26, compared to 18.96% in the previous year.

GK Energy currently maintains an order book of ₹863.98 crores, covering solar pumps and rooftop projects scheduled for execution until February 15, 2026.

Operational Developments

The company undertook key initiatives during the period to strengthen its long-term capabilities:

Manufacturing Expansion: GK Energy has acquired 25 acres of land for setting up a new manufacturing facility with 1 GW annual SPV capacity.

Supply Chain Strengthening: The company entered a definitive agreement for the procurement of 875 MW of SPV DCR Cells, to be sourced through March 31, 2027.

Industry Outlook

India’s solar pump market continues to show strong growth potential, driven by increasing demand for clean irrigation solutions and favourable government schemes. Notable drivers include:

The Government of India’s PM-KUSUM Programme, targeting the solarization of 4.9 million agricultural pumps.

State-led initiatives such as Maharashtra’s Magel Tyala Saur Krushi Pump Yojana, aimed at installing 8.5 lakh solar pumps.

Economic benefits for farmers, who can save ₹0.8–1.4 million over ten years compared to diesel or grid-powered pumps.

Company Outlook

GK Energy expects its EBITDA margins to remain stable or improve in the coming quarters. The company also highlighted a temporary increase in trade receivable days, which it anticipates will normalize soon.

With strong installation growth, a healthy order book, and strategic investments in manufacturing and supply chain integration, GK Energy Limited has reinforced its position in India’s expanding solar pump market. The company appears well-positioned to capitalize on rising demand for sustainable agricultural energy solutions in the coming years.