Oswal Pumps Q2 FY27 Income Up 6.2% QoQ to ₹5,118 Million

Oswal Pumps Limited announced its Q2 FY27 unaudited financial results. Total Income stood at ₹5,118 million, a 6.2% increase quarter-on-quarter, while Revenue from Operations grew by 6.9% QoQ to ₹5,063 million. EBITDA was ₹628 million (12.3% margin), and PAT was ₹396 million (7.7% margin). The decline in EBITDA and PAT margins compared to the previous quarter was attributed to higher raw material costs (aluminium, glass, copper, zinc, steel) and increased operating expenses, including employee costs and debtors provisions. The company has a pump order book of 9,487 units and a pipeline of 10,000 pumps. Oswal Pumps is also diversifying into Rooftop Solar, Utility-Scale Solar, and C&I Solar EPC segments with a combined order book of 143 MW. Additionally, a wholly owned subsidiary plans to establish a 1.2 GW TOPCon solar cell manufacturing facility at an estimated cost of ₹4,558.5 million, funded by debt and reallocated IPO proceeds.