29,961 Pumps Order Book: Solar Pumps Manufacturer Reports Q1 FY26 Results, Revenue Rises 37%, PAT Up 34%

On Monday, the share price of Oswal Pumps Limited jumped nearly 4.5 per cent to an intraday high of Rs 786.35 per share. As of 1:03 pm IST, the stock price was trading at Rs 758.55 per share, up by 0.83 per cent.

Oswal Pumps Limited, a well-established name in solar pump manufacturing, declared its unaudited financial results for the first quarter of fiscal year 2026 (Q1 FY26) on August 4, 2025. The Board of Directors took these results on record at their meeting held the same day, and the press release was submitted to both BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015.

The company reported its highest-ever quarterly performance across key financial indicators. Total Income for Q1 FY26 stood at Rs 515 crore, up 37.0 per cent year-over-year (YoY) and 40.9 per cent quarter-over-quarter (QoQ). EBITDA reached Rs 141.9 crore, showing a 39.2 per cent YoY and 42.2 per cent QoQ increase. The EBITDA Margin for the quarter expanded by 25 basis points to 27.5 per cent compared to 27.3 per cent in Q4 FY25.

Profit After Tax (PAT) came in at Rs 94.7 crore, rising by 34.2 per cent YoY and 48.2 per cent QoQ. The PAT Margin improved to 18.4 per cent from 17.5 per cent in the previous quarter. Diluted Earnings Per Share (EPS) rose to Rs 8.54 in Q1 FY26, compared to Rs 7.08 in Q1 FY25 and Rs 6.32 in Q4 FY25, registering a 20.6 per cent YoY and 35.1 per cent QoQ growth.

Despite the recent capital infusion from the Initial Public Offering (IPO), the company maintained a strong financial position, with Return on Net Worth (RoNW) at 41.6 per cent and Return on Capital Employed (RoCE) at 50.6 per cent. Chairman and Managing Director Mr. Vivek Gupta thanked investors for the overwhelming response to the IPO. From the Fresh Issue proceeds of Rs 841.51 crore, around Rs 308.48 crore has already been used for capital expenditure and debt reduction, aligning with the IPO’s objectives.

Operationally, Oswal Pumps executed 48,915 Turnkey Solar Pumping System orders under the government’s PM-KUSUM Scheme as of June 30, 2025. Including indirect supplies, the company’s live-to-date market share under the scheme reached 31 per cent. The order book stood strong with 29,961 pumps as of July 31, 2025.

The management remains optimistic, targeting 50–60 per cent revenue growth in FY26 and sustained 30–35 per cent growth over the medium term, supported by robust order inflows and favourable policy support.

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About the Company

Oswal Pumps Limited, established in 2003, is a prominent Indian manufacturer and distributor of a wide array of pumps, specialising in vertically integrated solar pump solutions. The company produces and distributes 'Oswal' branded solar-powered and grid-connected submersible and monoblock pumps, induction and submersible electric motors and solar modules. Oswal Pumps is a key player in the PM Kusum Scheme, holding a 38 per cent market share with 0.23 million pumps supplied. Their main manufacturing facility in Karnal, Haryana, boasts significant capacities for stainless steel and cast-iron pumps and motors, as well as solar modules.

The company has a market cap of over Rs 8,600 crore, and the stock is up by 20 per cent from the listing price in June 2025.

Disclaimer: The article is for informational purposes only and not investment advice.