Full Year 2026 Oswal Pumps Ltd Earnings Call Transcript
Key Points
- Oswal Pumps Ltd (NSE:OSWALPUMPS) reported a record operating income of INR2,064 crore for FY26, marking a robust year-on-year growth of 44.3%.
- The company achieved a historic milestone with a PAT of INR376 crore, the highest ever recorded, representing a year-on-year growth of 34.1%.
- Oswal Pumps Ltd maintains a strong order book with 19,912 pumps and a pipeline exceeding 25,000 pumps, providing healthy revenue visibility.
- The company is diversifying into rooftop solar, utility, and commercial and industrial solar projects, reducing dependency on government-driven solar irrigation.
- Oswal Pumps Ltd is expanding its solar module capacity, with plans to complete a 1.5 gigawatt expansion by Q3 FY27, supporting long-term growth.
- Q4 FY26 margins were impacted by competitive tender pricing and input cost pressures due to geopolitical uncertainties.
- Receivable days remained elevated at 155 days, primarily due to delays in collection from state nodal agencies under government schemes.
- The company anticipates a temporary revenue decline in the first half of FY27 due to the timing of project awards and execution schedules.
- Operating EBITDA margin for FY27 is expected to be slightly lower at 22% to 23% due to elevated input costs and competitive pricing dynamics.
- The profitability of new segments like rooftop solar may initially be lower due to different cost structures and early-stage execution challenges.
Ladies and gentlemen, good day and welcome to the Oswal Pumps Limited Q4 and FY26 earning conference call.
(Operator Instructions)
I now hand the conference to Ms. Renu Baid from IIFL Capital Services Limited. Thank you and over to you Ma'am.
Thank you, Riya.
On behalf of IIFL Capital, I like to welcome the management of Oswal Pumps with us today to discuss the 4Q FY26 earnings.
From the management team, we have with us Mr. Vivek Gupta, Chairman and Managing Director; Mr. Amulya Gupta, Whole Time Director; Mr. Subodh Kumar, Chief Financial Officer; Mr. Avadesh K. Singh, President and Chief Operating Officer; and Mr. Sanjeev Sancheti, IR Advisor, Uirtus Advisors.
Now I hand over the call to Mr. Sanjeev Sancheti for his opening comments.
Thank you and over to you sir.
Thank you Renu and good afternoon everybody.
It is my pleasure to welcome you to the
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