Oswal Pumps FY26 PAT Rises 34.1% to ₹3,763 Million; Q4 EBITDA at ₹1.18B

Oswal Pumps Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 16, 2026. The company reported record growth in total income and profit for the fiscal year, driven by execution under government schemes and strong operational performance.

Consolidated Financial Performance

For the financial year ended March 31, 2026, Oswal Pumps reported total income of ₹20,859 million, a 45.6% increase from ₹14,329 million in the previous year. Consolidated net profit for the year rose 34.1% to ₹3,763 million from ₹2,806 million. The company achieved a PAT margin of 18.0% for the full year. Total consolidated assets grew to ₹21,461.85 million as at March 31, 2026, while total equity stood at ₹16,829.02 million.

The following table summarizes the key consolidated financial metrics:

Particulars	Year ended Mar 31, 2026 (₹ mn)	Year ended Mar 31, 2025 (₹ mn)
Revenue from Operations	20,643.89	14,303.07
Total Income	20,859.05	14,329.23
Total Expenses	16,021.90	10,651.79
Profit Before Tax	4,825.43	3,677.44
Net Profit for the Year	3,762.78	2,806.14
Basic EPS (₹)	34.76	28.21
Diluted EPS (₹)	34.73	28.18

Quarterly Performance

In the quarter ended March 31, 2026, total income stood at ₹5,167 million, a 41.3% increase from ₹3,656 million in the corresponding quarter of the previous year. Consolidated net profit for Q4 FY26 was ₹925 million, up 44.8% YoY. EBITDA for the quarter stood at ₹1.18 billion, compared to ₹989 million in the same quarter of the previous year, with an EBITDA margin of 23.15% versus 27.13% in Q4 FY25. The company recognized an exceptional item of ₹11.72 million during the year related to provisions for past service obligations under the new Labour Codes.

Particulars	Q4 FY26	Q4 FY25
Total Income	₹5.1B	₹3.65B
EBITDA	₹1.18B	₹989M
EBITDA Margin	23.15%	27.13%
Net Profit	₹925M	₹639M
Diluted EPS (₹)	8.53	6.42

Operational Highlights

The company reported a robust order book of over 19,912 pumps across various government schemes and export orders, with a near-term pipeline exceeding 25,000 pumps. Oswal Pumps is diversifying into Rooftop Solar, Utility, and Commercial & Industrial (C&I) Solar EPC projects, having secured its first order under the PM Surya Ghar: Muft Bijli Yojana. It has built a pipeline of 300 MW across these new verticals.

Cash Flow and IPO Proceeds

Net cash used in operating activities improved to ₹770.76 million in FY26 from ₹1,421 million in FY25. The company noted that collections exceeding ₹1,164 million received on April 2, 2026, effectively turned the full year operating cash flow position positive. Regarding its IPO completed in June 2025, the company reported total proceeds of ₹8,415.14 million, with ₹5,701.74 million utilized as of March 31, 2026. Unutilized proceeds of ₹2,684.62 million were deployed in fixed deposits.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.73%	-9.72%	-5.36%	-43.57%	-40.72%	-40.72%

Oswal Pumps Limited submitted its Strategy Presentation to the Listing Departments of BSE Limited and the National Stock Exchange of India Limited on May 17, 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is also accessible on the company's official website at https://www.oswalpumps.com/ . The submission was signed by Anish Kumar, Company Secretary and Compliance Officer, on behalf of Oswal Pumps Limited.

Diverse Pump Product Portfolio

The Strategy Presentation highlights Oswal Pumps' broad range of pump products catering to multiple industrial and municipal applications. The company's portfolio spans several specialized pump categories, each designed for distinct end-use sectors, as detailed below:

Pump Type:	Key Applications
Helical Rotor Pump	Food processing industries; sewage and water treatment systems
Progressive Cavity Pumps (PCP)	Oil and gas, food processing, and wastewater treatment
Industrial Centrifugal Pump	Wastewater and water supply treatment, power generation, chemical and oil & gas industries
Pressure Pump	Applications requiring constant flow rate, such as firefighting and industrial process control
Reciprocating Pump	Municipal water systems, irrigation, firefighting, air conditioners, water circulation, boiler feeds cooling, and fuel transfer

Industry Growth Drivers

The presentation identifies several macro and policy-level factors driving demand in the pumps industry. These drivers span technological innovation, regulatory frameworks, government schemes, and broader economic trends.

Technological Advancements: Integration of advanced technologies such as IoT and AI in pumping solutions.
Stringent Government Regulations: Regulations governing wastewater treatment and investment in energy-efficient pumping solutions.
Government Initiatives: Schemes including PM KUSUM (India), REAP (USA), and the Solar Rebate Program (UAE) supporting adoption of efficient pumping systems.
Rapid Industrialization: Growth in sectors such as mining and petrochemicals driving demand for efficient pumping systems.
Rising Urbanization: Increasing need for water supply in residential and commercial sectors.
Infrastructure Development: Heightened focus on infrastructure development, particularly in developing countries.
Grants and Loans: Financial assistance from organizations such as the World Bank to governments for pumping infrastructure.

Market Context

The Strategy Presentation references the Indian pump market size, noting a figure of $1.9 bn for FY25, with data on market composition indicating a 98% and 2% split across segments. Historical installed capacity and utilization data across FY23, FY24, FY25, and FY26 are also included in the presentation, covering capacity in metric tonnes (MT) and capacity utilization percentages, though specific figures were not fully detailed in the disclosed tables.

Orders referenced in the presentation are executed as of April 30, 2026, while distributor data is as of March 31, 2026. The company also noted manufacturing capabilities including casting, automatic motor winding, and lacing as part of its operational infrastructure. The full Strategy Presentation remains available for review on the Oswal Pumps website and through the respective stock exchange filings.