Oswal Pumps Limited — Investor Meet, 20-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Oswal Pumps reported Q2 FY26 revenue of INR 540 Cr (+73.9% YoY) and PAT of INR 98 Cr (+48.3% YoY), achieving a 17.8% PAT margin. EBITDA margin was 23.7%, affected by lower tender prices and one-time costs, but is projected to rebound to 25.5-26% in Q3 and 26.25-26.75% in Q4 due to value engineering. The company targets 50-60% FY26 revenue growth. A strong order book of 18,800+ pumps and a 30,000+ pump pipeline underpin growth, with PM KUSUM 2 expected soon. Management expressed confidence in leveraging integrated capabilities and efficiency.