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 large-scale execution under government schemes and strong operational performance across its solar pumping and emerging renewable energy segments.

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 — the highest in the company's history. Consolidated net profit for the year rose 34.1% to ₹3,763 million from ₹2,806 million, with a PAT margin of 18.0%. EBITDA for the full year grew 26.7% YoY to ₹5,354 million, with an EBITDA margin of 25.7% compared to 29.5% in the prior 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:

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, with a PAT margin of 17.9%. EBITDA for the quarter stood at ₹1,250 million with a margin of 24.2%, compared to ₹998 million and a margin of 27.3% 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.

The table below presents the quarterly and full-year financial summary:

Management Commentary

Commenting on the results, Mr. Vivek Gupta, Chairman and Managing Director, stated that FY26 total income reached ₹20,859 million, the highest in the company's history, driven by consistent and large-scale execution under PM KUSUM and state government schemes. He noted that the sequential moderation in Q4 margins reflects competitive tender pricing and input cost pressures from prevailing geopolitical uncertainties, headwinds the company is proactively addressing through structured value-engineering and cost optimization initiatives. He added that with a strong foundation in solar-powered irrigation, a growing presence across renewable energy segments, and a proven ability to execute at scale, the company enters its next phase of growth from a position of considerable strength.

Cash Flow and IPO Proceeds

Net cash used in operating activities improved to ₹770.76 million in FY26 from ₹1,421 million in FY25, reflecting stronger working capital discipline and improved collections efficiency. Collections exceeding ₹1,164 million received on April 2, 2026 effectively turned the full year operating cash flow position positive to ₹393 million. Operating cash flow for Q4 FY26 turned decisively positive, clocking ₹1,706 million. 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, and unutilized proceeds of ₹2,684.62 million deployed in fixed deposits.

Operational Highlights and Growth Strategy

Oswal Pumps maintained a robust order book of over 19,912 pumps across direct PM KUSUM, Magel Tyala, indirect PM KUSUM, and export orders, complemented by a near-term pipeline exceeding 25,000 pumps. The company is also closely tracking the anticipated rollout of PM KUSUM 2.0, which represents a significant incremental opportunity. As part of its long-term growth strategy, 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. As of the date of the press release, the company has built a pipeline of 300 MW across these new verticals, reflecting growing market traction and reinforcing the scalability of these segments.

Oswal Pumps Limited has notified the stock exchanges of an upcoming Board of Directors meeting, in compliance with Regulation 29 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 09, 2026, was submitted to both BSE Limited and the National Stock Exchange of India Limited.

Board Meeting Details

The board meeting is scheduled for Saturday, May 16, 2026, during which the board will, inter-alia, consider and approve the audited standalone and consolidated financial results of the company for the quarter and financial year ended March 31, 2026. The following table summarises the key details of the scheduled meeting:

Trading Window Closure

In continuation of the company's earlier communication dated March 25, 2026, regarding the closure of the trading window, Oswal Pumps Limited has reiterated that the trading window for dealing in shares of the company shall remain closed until Monday, May 18, 2026. This restriction applies to all Designated Persons, including:

• Promoters
• Directors
• Key Managerial Personnel
• Designated Employees
• Other Connected Persons of the company

The trading window closure is in accordance with applicable SEBI insider trading regulations and is standard practice ahead of the announcement of financial results.

Company Background

Oswal Pumps Limited is an ISO 9001 certified manufacturer and exporter headquartered at Oswal Estate, NH1 Kutail Road, Karnal, Haryana. The company's product portfolio includes submersible pumps, centrifugal pumps, solar water pumps, electric motors, and submersible cables, catering to solar, domestic, agriculture, and industrial segments. The board meeting intimation was signed by Anish Kumar, Company Secretary & Compliance Officer, on May 09, 2026.