As per attached intimation letter.
OSWALPUMPS · price
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Oswal Pumps reported record FY26 performance with operating income of INR 2,064 crores (44.3% YoY growth) and PAT of INR 376 crores (34.1% YoY growth). Q4 margins moderated to 23.2% due to competitive tender pricing and input cost pressures from geopolitical uncertainty. The company has a robust order book of 19,912 pumps plus a 25,000 pump pipeline. For FY27, management targets 20-25% revenue growth with EBITDA margins of 22-23%, expecting a back-ended growth profile as PM-KUSUM 2.0 rollout is anticipated. The company is diversifying beyond government solar irrigation into rooftop solar, utility, and C&I segments with a combined pipeline of ~300 MW. Capex of ~INR 350 crores is planned for capacity expansion.
Strong FY26 results with record profitability; however, FY27 margins face near-term pressure from input costs and competitive dynamics, with H1 potentially seeing a revenue decline before PM-KUSUM 2.0 execution kicks in from Q3 onwards.