Oswal Pumps has announced that its wholly owned subsidiary, Oswal Solar Energy Private Limited (formerly known as Oswal Solar Structure Private Limited), has secured a significant order worth ₹39.40 crore for rooftop solar installations. The order was awarded by M/s Swashakthi Energy, marking a strategic entry for the company into the rooftop solar segment under the Government of India's PM-Surya Ghar: Muft Bijli Yojana.

Project Specifications and Scope

The comprehensive order encompasses the complete design, engineering, supply, installation, testing, and commissioning of 7.46 MWp grid-connected rooftop solar systems. The project will serve 3,729 SC & ST consumers across the Pulivendula and Puttaparthi divisions under APSPDCL in Andhra Pradesh through Utility Led Aggregation (CAPEX) Mode.

Strategic Market Entry

The order represents Oswal Pumps' strategic entry into the rooftop solar segment through the PM-Surya Ghar scheme. M/s Swashakthi Energy, the successful bidder awarded the project by New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. (NREDCAP), has assigned the execution to Oswal Solar Energy Private Limited.

Management Commentary

Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, highlighted the significance of this development: "This order paves the way for the Company to participate in the Government of India's PM-Surya Ghar: Muft Bijli Yojana and marks an important milestone in our commitment to advancing India's renewable energy transition."

Gupta emphasized the timing advantage, noting: "Our entry into this segment comes at an opportune time, coinciding with the Union Budget's enhanced allocation for the PM-Surya Ghar: Muft Bijli Yojana, which has been increased from ₹17,000 crore to ₹22,000 crore."

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order details confirm that no related party transactions are involved, and the promoter group has no interest in the awarding entity. The disclosure was made through official communication to BSE Limited and National Stock Exchange of India Limited.

Oswal Pumps Limited has delivered robust financial performance in Q3FY26, demonstrating strong growth across key metrics. The company, which specializes in manufacturing and exporting submersible pumps, centrifugal pumps, solar water pumps, electric motors, and submersible cables, reported significant improvements in both standalone and consolidated results for the quarter and nine months ended December 31, 2025.

Conference Call Recording Available

Following the announcement of its Q3FY26 financial results, Oswal Pumps has made the audio recording of its investor conference call available to stakeholders. The conference call was held on February 9, 2026, to discuss the company's quarterly performance with investors and analysts.

The recording has been shared with BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Investors can access the audio recording through the company's official website at oswalpumps.com under the investor relations section.

Standalone Financial Performance

The company's standalone results showcased impressive growth momentum during Q3FY26. Revenue from operations increased substantially, reflecting strong demand across the company's product portfolio.

The company's profit before tax reached ₹934.81 millions in Q3FY26, compared to ₹799.72 millions in the corresponding quarter of the previous year. This growth was achieved despite an exceptional item of ₹18.52 millions related to the impact of new labour codes implemented by the Government of India.

Nine-Month Performance Analysis

The nine-month performance further reinforced the company's strong operational efficiency and market position. Total income for the nine months ended December 31, 2025, reached ₹13,821.25 millions, representing a significant increase from ₹9,933.92 millions in the corresponding period last year.

Consolidated Results Show Strong Performance

The consolidated financial results, which include the performance of subsidiaries and associates, demonstrated even stronger growth metrics. For Q3FY26, consolidated net profit reached ₹915.59 millions compared to ₹803.93 millions in Q3FY25.

For the nine months ended December 31, 2025, consolidated revenue from operations reached ₹15,546.52 millions, while net profit stood at ₹2,837.43 millions, representing substantial growth from the previous year.

IPO Proceeds Utilization and Corporate Developments

The company has been strategically utilizing its IPO proceeds raised through the listing on NSE and BSE on June 20, 2025. Out of the total net proceeds of ₹8,415.14 millions, the company has utilized ₹5,018.85 millions as of December 31, 2025.

The company has also implemented employee stock option plans, recognizing an expense of ₹4.38 millions for Q3FY26 related to ESOP grants. Additionally, the Board approved ESOP grants worth ₹3 millions to the President and Chief Operating Officer during the quarter.