Oswal Pumps , a leading manufacturer of solar pumps in India, has reported robust financial results, showcasing significant growth across key metrics. The company's Managing Director has also expressed confidence in achieving an annual operating EBITDA margin of 28-29% for the current financial year.

Financial Highlights

Oswal Pumps demonstrated impressive growth:

• Total income surged by 88.2% year-over-year to ₹14,329.00 million
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 176.5% to ₹4,225.00 million
• EBITDA margin expanded by 941 basis points to 29.5%
• Profit After Tax (PAT) reached ₹2,806.00 million, with a PAT margin of 19.6%

The company's performance in the fourth quarter also showed strong year-over-year growth:

• Q4 total income increased by 58.4% to ₹3,656.00 million
• Q4 EBITDA grew by 118.6% to ₹998.00 million
• Q4 PAT rose by 123.5% to ₹639.00 million

Management Commentary

Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps, commented on the results: "The company delivered strong performance in the year gone by, with Total Income rising by 88.2% year-over-year to ₹14,329.00 million. EBITDA for the full year grew by 176.5% to ₹4,225.00 million from ₹1,528.00 million in the previous year, resulting in an EBITDA Margin of 29.5%, reflecting a 941-basis point improvement year-over-year."

Mr. Gupta also noted that the Q4 EBITDA margin was lower by 2.2% compared to the full-year, primarily due to changes in the sales mix. The share of direct Kusum sales, a higher margin vertical, fell by 11%, while the share of external module sales, a lower margin vertical, increased by 12%.

Future Outlook

The Managing Director of Oswal Pumps has expressed confidence in achieving an annual operating EBITDA margin of 28-29% for the current financial year. This target suggests that the company aims to maintain its strong profitability, albeit slightly lower than the 29.5% EBITDA margin achieved in the previous year.

Business Overview

Oswal Pumps is one of India's fastest-growing, vertically integrated solar pump manufacturers. The company offers a range of products including solar-powered and grid-connected submersible and monoblock pumps, electric motors, and solar modules under the 'Oswal' brand.

In 2021, Oswal Pumps began offering Turnkey Solar Pumping Systems, which include solar-powered agricultural pumps, solar modules, mounting structures, pump controllers, and installation services. These systems are provided either directly or through third-party bidders under the PM Kusum Scheme. As of June 30, the company has successfully executed 48,915 Turnkey Solar Pumping System orders directly under this scheme.

With its strong pan-India distribution network, growing international footprint, and focused design and engineering team, Oswal Pumps continues to cater to the diverse requirements of end-users in the agricultural, residential, and industrial sectors.

The company's recent financial performance and the management's optimistic outlook for EBITDA margins indicate Oswal Pumps' strong position in the solar pump market and its potential for continued growth in the coming years.

Oswal Pumps Limited, a leading manufacturer of pumps and motors, has reported a significant increase in its financial performance for the fourth quarter. The company's consolidated net profit more than doubled, while revenue showed substantial growth.

Financial Highlights

• Net Profit: Oswal Pumps' consolidated net profit for Q4 soared to ₹639.00 crore, up from ₹286.00 crore in the same quarter last year, marking a remarkable 123% increase.
• Revenue: The company's revenue witnessed a robust growth of 59%, rising to ₹3,646.36 crore from ₹2,302.53 crore year-over-year.
• Earnings Per Share (EPS): The basic earnings per share for the quarter stood at ₹6.32, compared to ₹4.88 in the corresponding quarter of the previous year.

Performance Overview

The stellar performance of Oswal Pumps in Q4 can be attributed to several factors:

1. Strong Market Demand: The significant increase in revenue suggests a robust demand for the company's products in the market.
2. Operational Efficiency: The disproportionate increase in net profit compared to revenue growth indicates improved operational efficiency and cost management.
3. Product Mix: The company's diverse product portfolio, including solar panels, pumps, and motors, likely contributed to the overall growth.

Annual Performance

Oswal Pumps reported the following for the full fiscal year:

Management Commentary

While specific management comments were not provided, the financial results reflect the company's strong position in the market and its ability to capitalize on growth opportunities.

Future Outlook

The company's impressive Q4 results set a positive tone for the upcoming fiscal year. Investors and analysts will be keen to see if Oswal Pumps can maintain this growth momentum in the face of evolving market conditions and potential challenges in the pump and motor industry.

Oswal Pumps Limited continues to demonstrate its strength in the "Various types of Solar panel, Pumps & Motors" segment, with a substantial portion of its sales within the country. The company's ability to deliver such strong results amidst a competitive landscape underscores its robust business model and market positioning.

Note: All financial figures are based on the consolidated results as reported by the company.