Oswal Pumps Limited has announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported a record Profit After Tax (PAT) of INR3,763 million for FY26, representing a year-on-year growth of 34.1%. Revenue from operations for the fiscal year reached INR20,644 million, the highest in the company's history, with a robust YoY growth of 44.3%. For Q4 FY26, the company posted a PAT of INR925 million and revenue of INR5,097 million.

Management Commentary

Chairman and Managing Director Vivek Gupta described FY26 as a landmark year, noting that the operating income of INR20,644 million marked a historic high. He highlighted that Q4 FY26 operating income stood at INR5,097 million, reflecting a YoY growth of 39.8%, driven by large-scale execution under the PM KUSUM and state government schemes. Gupta also pointed out that FY26 marked a historic milestone in profitability, with PAT reaching INR3,763 million. He added that collections exceeding INR1,164 million received on April 2, 2026, effectively turned the full-year operating cash flow position positive to INR393 million.

Financial Performance – Q4 FY26 & FY26

The following table summarises the key financial metrics for Q4 FY26 and the full year FY26:

The sequential moderation in Q4 margins reflects competitive tender pricing and input cost pressures from prevailing geopolitical uncertainties, which the company is addressing through value-engineering and cost optimisation initiatives.

Order Book and Strategic Outlook

Oswal Pumps has emerged as one of the largest suppliers of solar-powered agricultural pumps under the PM KUSUM scheme. As on April 30, 2026, the company has executed a total of 1,06,122 solar pumping systems directly under the PM KUSUM scheme across 15 state governments. The current order book stands at 19,912 pumps across direct PM KUSUM, Magel Tyala, indirect PM KUSUM, and export orders. The company is actively diversifying into Rooftop Solar, Utility, and Commercial & Industrial (C&I) Solar projects, with a healthy pipeline of 300 MW across these segments.

For FY27, the company targets overall growth of 20% to 25% over the previous year, with operating EBITDA margins expected to be in the range of 22.0% to 23.0%. The company anticipates a back-ended growth profile for FY27, with the first two quarters likely to witness a moderate revenue decline due to the timing of project awards, specifically the rollout of PM KUSUM 2.0. Management expects execution momentum to build progressively in the second half of the year.

Oswal Pumps Limited has announced the re-designation of Mr. Avadhesh K. Singh as Group Chief Operating Officer (Group COO), effective May 16, 2026. The development was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertaining to changes in senior management personnel.

Board Approval and Regulatory Disclosure

The Board of Directors of Oswal Pumps, at its meeting held on May 16, 2026, approved the re-designation on the recommendation of the Nomination and Remuneration Committee. The board meeting commenced at 1530 hours and concluded at 1830 hours. The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Details of the Re-designation

The following table summarises the key particulars of the re-designation as disclosed under Annexure A of the regulatory filing:

The re-designation does not entail any alteration to Mr. Singh's existing responsibilities or terms of appointment. The filing was signed by Anish Kumar, Company Secretary and Compliance Officer of Oswal Pumps Limited, on May 16, 2026.