Oswal Pumps Limited posted its highest-ever quarterly performance in Q1 FY26, with profit after tax surging 34.2 per cent year-on-year to ₹94.7 crore. The solar pump manufacturer also recorded a 48.2 per cent quarter-on-quarter increase in PAT.
The Karnal-based company announced total income of ₹515 crore for the quarter ended June 30, 2025, marking a 37 per cent year-on-year growth and a 40.9 per cent sequential increase. EBITDA rose 39.2 per cent annually to ₹141.9 crore, maintaining a healthy margin of 27.5 per cent.
The strong performance comes after the company’s recent initial public offering, which raised ₹841.51 crore through fresh issue. Chairman and Managing Director Vivek Gupta attributed the results to robust demand under the government’s PM-KUSUM scheme for solar pumps.
Oswal Pumps has executed 48,915 turnkey solar pumping system orders directly under PM-KUSUM as of June 30, capturing a 31 per cent market share when including both direct and indirect supplies. The company maintains an order book of 29,961 pumps as of July 31.
Despite capital infusion from the IPO, the company’s return on net worth remained strong at 41.6 per cent and return on capital employed at 50.6 per cent on an annualized basis. Management expects revenue growth of 50-60 per cent for the current fiscal year, with sustained growth of 30-35 per cent over the medium term, supported by favourable government policies promoting solar irrigation systems.
The shares of Oswal Pumps Limited were trading on the NSE today at 11.45 am at ₹759.65, up by ₹10.85 or 1.45 per cent. The shares touched their 52-week high of ₹787.70 today.
