Oswal Pumps , a leading player in the solar panel, pumps, and motors industry, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth and strong financial performance.

Revenue and Profitability

For the quarter ended September 30, 2025, Oswal Pumps reported revenue from operations of ₹4,852.35 crore, marking a significant 9.4% increase from ₹4,435.60 crore in the previous quarter. This growth demonstrates the company's ability to expand its market presence and meet increasing demand for its products.

The company's net profit for Q2 FY2026 stood at ₹757.71 crore, with earnings per share (EPS) of ₹6.65. This represents a notable improvement in profitability compared to the previous quarter.

Financial Position

Oswal Pumps maintains a strong financial position, with cash reserves of ₹775.16 crore as of September 30, 2025. This robust liquidity provides the company with flexibility for future investments and growth opportunities.

Segment Performance

The company's business primarily focuses on various types of solar panels, pumps, and motors, with the majority of sales occurring within India. While specific segment-wise breakdowns were not provided, the overall revenue growth suggests positive performance across its product lines.

IPO Utilization

Following its successful Initial Public Offering (IPO) earlier in the year, Oswal Pumps has been strategically utilizing the funds raised. As of September 30, 2025, the company has utilized ₹4,776.06 crore out of the total ₹8,415.14 crore raised. Key allocations include:

• ₹2,800.00 crore for repayment of outstanding borrowings
• ₹1,650.02 crore for general corporate purposes
• ₹310.00 crore invested in its wholly-owned subsidiary, Oswal Solar

The remaining ₹3,639.08 crore of unutilized IPO proceeds has been temporarily deployed in fixed deposits with scheduled commercial banks.

Operational Highlights

During the quarter, Oswal Pumps continued to focus on expanding its manufacturing capabilities and market presence. The company's board has also approved the appointment of Mr. Avadesh K. Singh as the President & Chief Operating Officer (COO), effective November 15, 2025, bringing over 37 years of leadership experience in sales and marketing.

Future Outlook

With its strong financial performance, strategic utilization of IPO funds, and expansion initiatives, Oswal Pumps appears well-positioned for continued growth in the solar and pump industries. The company's focus on capital expenditure and investment in its subsidiaries suggests a commitment to long-term expansion and market leadership.

Oswal Pumps Limited , a leading manufacturer of solar pumps in India, has announced a significant business development that underscores its position in the renewable energy sector. The company has secured a major order worth ₹442.00 crore from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of solar-powered water pumping systems.

Order Details

The order, awarded under the PM Kusum B Scheme "Magel Tyala Saur Krushi Pump" Yojana, involves the design, manufacture, supply, installation, testing, and commissioning of 14,787 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). These systems will be installed at identified farmers' sites across Maharashtra and will come with:

• Capacities ranging from 3HP, 5HP, to 7.5HP
• Complete system warranty
• Repair and maintenance services
• Remote Monitoring System (RMS) for 5 years

Project Scope and Timeline

The Letter of Empanelment/Letter of Award (LOE/LOA) received by Oswal Pumps is valid for one year. According to the terms, the installation of these systems must be completed within 60 days from the date of issuance of the Notice to Proceed (NTP), Work Order, or Job Safety Report (JSR) approval.

Impact on Farming Community

This project is expected to have a significant impact on the agricultural sector in Maharashtra. By providing farmers with reliable, energy-efficient, and environmentally friendly pumping systems, Oswal Pumps aims to:

• Reduce dependency on conventional power sources
• Lower operating costs for farmers
• Ensure sustainable irrigation practices

Management Commentary

Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, expressed his enthusiasm about the order, stating, "This milestone is not just another project win, it is a testament to our ability to deliver large-scale, high-impact solutions that directly benefit the farming community and promote clean energy adoption."

He further added, "This achievement highlights Oswal Pumps' unwavering commitment to advancing India's renewable energy and rural development objectives. It also further strengthens our already robust order book, reflecting the growing trust of our customers and partners in our technological expertise, manufacturing capabilities, proven track record of timely execution and post-execution service."

Company Profile

Oswal Pumps is recognized as one of India's fastest-growing, vertically integrated solar pump manufacturers. With over two decades of experience in pump engineering and manufacturing, the company has established a strong presence in the market for solar-powered and grid-connected submersible and monoblock pumps, electric motors, and solar modules.

The company boasts several key credentials:

• ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications
• Listed under the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers (ALMM)
• Strong pan-India distribution network
• Growing international footprint
• Focused design and engineering team

This latest order reinforces Oswal Pumps' position in the solar pumping sector and its contribution to India's clean energy transition. As the country continues to emphasize renewable energy adoption, particularly in the agricultural sector, Oswal Pumps appears well-positioned to capitalize on these opportunities and drive sustainable growth.