Oswal Pumps announced strong Q3 FY26 results, reporting a 31.9% YoY increase in revenue, reaching ₹5,011 million. Operating EBITDA stood at ₹1,271 million, with a margin of 25.4%. The company’s performance was driven by the execution of projects under the PM KUSUM scheme. Oswal Pumps also maintains a robust order book exceeding 24,500 pumps.
Financial Performance
Oswal Pumps reported revenue from operations of ₹5,011 million for Q3 FY26, a 31.9% increase compared to Q3 FY25. The company’s operating EBITDA for the quarter was ₹1,271 million, resulting in an operating EBITDA margin of 25.4%. For the nine months ended FY26, revenue reached ₹15,547 million, up 45.9% YoY, with operating EBITDA at ₹3,958 million and a margin of 25.5%.
Profitability
The company’s Profit Before Tax (PBT) for Q3 FY26 was ₹1,192 million, representing a margin of 23.5%. Profit After Tax (PAT) for Q3 FY26 was ₹916 million, with a margin of 18.0%. For the nine-month period, PBT stood at ₹3,707 million (23.6% margin) and PAT at ₹2,837 million (18.1% margin). Diluted EPS for the nine months was ₹25.59.
Operational Highlights
Oswal Pumps continues to strengthen its order book, supported by government-backed solar irrigation programs. The company has a robust order book of over 24,500 pumps, including direct PM-KUSUM, Magel Tyala, indirect PM-KUSUM, and export orders. There is also a near-term pipeline exceeding 25,000 pumps.
Strategic Developments
The company is focused on expanding manufacturing capacity and is well-positioned to capitalize on government initiatives promoting renewable-powered irrigation. Oswal Pumps aims to empower farmers and advance clean energy objectives.
Manufacturing Prowess and Capacity
Oswal Pumps operates two manufacturing facilities. The company has an existing solar module capacity of 570 MW. Oswal intends to increase the solar module installed capacity by 1,500 MW for which they intend to invest ₹1,536.60 million from the net proceeds of their IPO.
Source: BSE
