Oswal Pumps Limited — Investor Meet, 13-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Oswal Pumps reported strong Q3 FY26 with total income of INR 507.7 Cr (+33.4% YoY) and operating EBITDA of INR 127.1 Cr (25.4% margin), showing sequential margin improvement. PAT stood at INR 91.6 Cr (18.0% margin).

The company executed over 90,000 solar pumps and holds an order book of over 24,500 pumps, with a pipeline exceeding 25,000. Management expects PM KUSUM 2.0 by late March/early April, potentially bringing significant volumes. While receivables are elongated, mainly from Maharashtra's Magel Tyala scheme, management is confident of resolution and exploring invoice discounting. Capacity expansion is ongoing. Diversification into PM Surya Ghar, exports, and private solar market is planned for future growth. Sentiment appears confident in long-term prospects, balancing growth with balance sheet health.