Oswal Pumps Reports 37 Percent YoY Surge in Revenue to INR 5,150 Mn in Q1 FY 26, PAT at 947 Mn
Oswal Pumps, a Haryana-based solar pump manufacturer, reported its highest-ever quarterly revenue of INR 5,150 million in Q1 FY26, marking a 37 percent YoY surge, driven by strong demand for its solar pumping systems under the PM-KUSUM scheme. The company PAT has surged by 34.2 percent YoY to INR 947 million.
August 05, 2025. By Mrinmoy Dey
The company’s profit after tax (PAT) was up by 34.2 percent YoY and 48.2 percent QoQ to INR 947 million in Q1 FY26. PAT Margin was at 18.4 percent, expanding by 90 basis points QoQ. EBITDA for the quarter grew by 39.2 percent YoY and 42.2 percent QoQ to INR 1,419 million in Q1 FY26, resulting in an EBITDA Margin of 27.5 percent.
Commenting on the results, Vivek Gupta, Chairman and Managing Director, Oswal Pumps, said, “We are pleased to announce that the company has achieved its highest-ever quarterly Total Income, EBITDA, and Profit After Tax (PAT). Despite the capital infusion, the company’s Return on Net Worth (RoNW) and Return on Capital Employed (RoCE) remain strong at 41.6 percent and 50.6 percent, respectively.”
He further added, “As of June 30, 2025, we successfully executed 48,915 Turnkey Solar Pumping System orders directly under the PM-KUSUM Scheme. Considering both direct and indirect supplies under the scheme, Oswal Pumps’s Live-to-Date market share was at 31 percent.”
As of July 31, 2025, the company had an order book of 29,961 pumps. With the government actively advancing the rollout of the PM-KUSUM scheme, Gupta anticipates strong order inflows in the coming quarters as well.
“Given our current order backlog and the favourable industry tailwinds, we are confident to continue the growth momentum and achieve revenue growth in the range of 50–60 percent in the current fiscal, and a sustained growth rate of 30–35 percent over the medium term,” projected Gupta.
“The primary objectives of our IPO were to support capital expenditure and reduce outstanding borrowings. Out of the proceeds from the Fresh Issue of INR 8,415.14 million, INR 3,084.78 million has already been deployed toward these goals,” he stated.
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