Oswal Pumps Q4 FY2026
Oswal Pumps Q4 FY2026 Audited Financial Results.
Oswal Pumps Limited, one of the most trusted names in solar pump manufacturing in India, declared its audited financial results for Q4 FY26 and FY2026 today.
Total Income of the company surges 45.6% Y-o-Y (Highest Ever ₹20,859 Million) with PAT Margin at 18%.
Q4 FY2026 and FY2026 Details
Total Income of ₹5,167 Million in Q4 FY26, registering a growth of 41.3% Y-o-Y.
Total income of ₹20,859 Million in FY2026, registering a growth of 45.6% Y-o-Y.
EBITDA of ₹1,250 Million in Q4 FY26, growing 25.3% Y-o-Y. EBITDA Margin was at 24.2%.
EBITDA of ₹5,354 Million in FY2026, growing 26.7% Y-o-Y. EBITDA Margin was at 25.7%.
PAT of ₹925 Million in Q4 FY26, up 44.8% Y-o-Y, and PAT Margin was at 17.9%.
PAT of ₹3,763 Million in FY2026, up 34.1% Y-o-Y, and PAT Margin was at 18%.
Diluted EPS stood at ₹8.53 in Q4 FY26 as against ₹6.42 in Q4 FY25.
Diluted EPS stood at ₹34.73 in FY2026 as against ₹28.18 in FY2025.

Oswal Pumps Q4 FY2026
Leadership View
Commenting on the results, Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited, said –
It gives me immense pleasure to report a landmark year for the Company.
FY2026 Total Income reached ₹20,859 million, the highest in the Company’s history, representing a robust YoY growth of 45.6%.
Q4 FY26 Total Income stood at ₹5,167 million, reflecting strong YoY growth of 41.3%, driven by consistent, large-scale execution under PM KUSUM and state government schemes, reinforcing our leadership in solar-powered irrigation solutions.
Cash Flow from Operations improved from negative ₹1,421 million in FY25 to negative ₹771 million in FY26, reflecting stronger working capital discipline and improved collections efficiency.
The Company continues to maintain a robust order book of over 19,912 pumps across direct PM KUSUM, Magel Tyala, indirect PM KUSUM, and export orders, complemented by a near-term pipeline exceeding 25,000 pumps.
As part of our long-term growth strategy, the Company is proactively diversifying beyond government-driven solar irrigation into Rooftop Solar, Utility, and Commercial & Industrial (C&I) Solar EPC projects, reducing single-scheme dependency and broadening its addressable market.
With a strong foundation in solar-powered irrigation, a growing presence across renewable energy segments, and a proven ability to execute at scale, the Company enters into its next phase of growth from a position of considerable strength.
Ongoing capacity expansions, a diversifying revenue mix, and India’s clean energy tailwind together create a compelling platform for sustained value creation for our farmers, our communities, and our shareholders.
Company Overview & Others
Overview: Oswal Pumps Ltd is one of India’s fastest-growing, vertically integrated solar pump manufacturers. The company planned an IPO in June 2025.
Market Cap: Oswal Pumps has a total market capitalization of ₹4,300 crore as of May 19, 2026, according to the NSE data.
Technical: The stock is currently trading below its 20-day simple moving averages (SMAs).
Price Performance: On a year-to-date basis, Oswal Pumps’ share declined by 29%. However, the company’s shares have been trading 10% higher over the last three months.
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