OSWAL PUMPS LIMITED

Management reported that Oswal Pumps Limited commenced FY27 with a revenue from operations of INR 474 crores, reflecting a year-on-year decline of 7.9%. EBITDA for the quarter was INR 82 crores, with a margin of 17.1%. The decline in margins was attributed to competitive bidding, diversification into module sales, and elevated input costs. The company's pump order book stood at 22,025 pumps, with a near-term pipeline of approximately 12,500 pumps. Management highlighted a focus on diversifying beyond government-led solar irrigation business, with a dedicated vertical for solar initiatives. The company set a goal of 20-25% overall revenue growth for FY27, supported by ongoing projects and tenders. Management guided toward an operating EBITDA margin of 15-17% and a PAT margin of 11-13% for FY27, while acknowledging challenges due to external factors such as geopolitical conditions and competitive pricing pressures.

Management highlighted both challenges and ongoing efforts to drive growth.