Oswal Pumps Limited has informed the Exchange about Transcript
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 FY26 saw operating income of INR 510 crores and PAT of INR 93 crores with margins at 17.9%. The company has a strong executable order book of 19,912 pumps plus a near-term pipeline of 25,000 pumps. Management guided FY27 growth of 20-25% but flagged H1 may see temporary decline due to timing of PM-KUSUM 2.0 rollout and execution challenges in new diversified segments (rooftop solar, C&I). Medium-term growth target is 30-40%. FY27 EBITDA margin guidance is 22-23% with management citing transitional geopolitical headwinds affecting input costs. The company is aggressively diversifying beyond government solar irrigation schemes into rooftop solar (300 MW pipeline) and C&I segments, with capex of INR 350 crores planned for FY27.
Strong historical performance but near-term visibility remains dependent on PM-KUSUM 2.0 announcement timing. Management's conservative H1 guidance and margin pressure from geopolitical factors suggest potential volatility. Diversification strategy and robust order pipeline provide medium-term visibility.