Oswal Pumps Limited — PPTs, 13-11-2025: Investor Presentation

Oswal Pumps reported strong Q2 FY26 performance with operating revenue at ₹539.6 Cr, up 73.9% YoY, and Profit After Tax (PAT) at ₹97.5 Cr, growing 48.3% YoY. For H1 FY26, revenue stood at ₹1,053.6 Cr, a 53.6% YoY increase, with PAT at ₹192.2 Cr, up 41.0% YoY. The Q2 operating EBITDA margin of 23.7% faced pressure from reduced PM Kusum tender rates and one-time low-margin module sales of ₹40 Cr.

The company is a key player in the PM KUSUM scheme, driving significant growth. Strategic focus areas include deep backward integration for pumps and solar modules, along with capacity expansion. It plans to increase solar module capacity by 1,500 MW and invest in pump manufacturing automation using IPO funds (₹153.66 Cr and ₹89.86 Cr respectively).

Recent developments include a robust order book exceeding 18,800 pumps and a pipeline of over 30,000 pumps. Management anticipates the launch of PM Kusum 2.0 this fiscal year. They project margin recovery in Q3 FY26, with further 1% operating profitability improvement by Q4 FY26 from ongoing backward integration and value engineering efforts.