Oswal Pumps Q1 FY27 Results: Income at ₹481 Crore, PAT ₹53 Crore
Oswal Pumps reported Q1 FY27 results with Total Income at ₹481.7 crore, down 6.5% YoY. PAT decreased 43.1% to ₹53.8 crore. EBITDA margin fell to 17.1% due to competitive pricing. The company has an order book of 22,025 pumps and is exploring the Jal Jeevan Mission.
The results show a notable decline in key financial metrics, which could impact investor sentiment. However, the company's strategic diversification into new areas like Jal Jeevan Mission and its existing order book provide some mitigating factors and future growth potential, preventing a 'HIGH' impact.
The company reported a significant year-on-year decline in revenue, EBITDA, PAT, and EPS, primarily due to a challenging pricing environment and reduced realisations. While the order book and diversification efforts show promise, the immediate financial performance is negative.
Oswal Pumps Limited announced its unaudited financial results for the first quarter of Financial Year 2026-27, with the Board of Directors taking on record the results at a meeting held on August 8, 2026.
For Q1 FY27, the company reported a Total Income of ₹4,817 million (₹481.7 crore), a decrease of 6.5% compared to ₹5,150 million in Q1 FY26. EBITDA stood at ₹825 million (₹82.5 crore), down 41.9% from ₹1,419 million in the previous year, resulting in an EBITDA margin of 17.1%, a significant drop from 27.5% in Q1 FY26. Profit After Tax (PAT) was ₹538 million (₹53.8 crore), a 43.1% decrease from ₹947 million in Q1 FY26, with a PAT margin of 11.2% compared to 18.4% in the prior year. Diluted Earnings Per Share (EPS) for the quarter was ₹4.86, down from ₹8.54 in Q1 FY26.
Mr. Vivek Gupta, Chairman and Managing Director, attributed the decline in margins to a competitive tender pricing environment and a 9% reduction in realisations due to industry-wide competitive bidding under the Magel Tyala scheme. This was partially offset by cost and value-engineering initiatives. Employee benefit expenses also increased due to annual increments and senior-level hiring, impacting EBITDA margins further.
The company's pump order book stands at 22,025 pumps, with a near-term pipeline of 12,500 pumps across various government schemes and export orders. To diversify beyond its core government-led solar irrigation business, Oswal Pumps is evaluating entry into the Jal Jeevan Mission, identifying an addressable pipeline of approximately 42,000 pumps. The order book across Rooftop Solar, Utility, and Commercial & Industrial (C&I) Solar EPC segments is approximately 72 MW, with a wider pipeline of 359 MW.
Oswal Pumps remains focused on disciplined execution, operational efficiency, and creating long-term value for stakeholders, backed by its healthy execution pipeline and expanding presence across renewable energy segments.
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