Oswal Pumps Q2 FY27 Net Profit Rises 11% YoY

Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Regulatory filing of unaudited financial results under SEBI LODR Regulations

Date of Board Meeting / Approval: November 12, 2026 (commenced at 1545 hours, concluded at 1700 hours)

Audit Opinion: Clean opinion - Limited review report states no material misstatements found

Auditor's Comment: No qualifications or modifications; review provides moderate assurance but is less in scope than a full audit

Key Financial Highlights [₹ in millions]

Standalone Results:

Quarter Ended September 30, 2026:

Revenue from Operations: ₹3,481.37 (QoQ: +1.2% from ₹3,441.27; YoY: -28.3% from ₹4,852.35)
Total Income: ₹3,513.52
Net Profit: ₹215.66 (QoQ: -0.5% from ₹216.71; YoY: -71.5% from ₹757.71)
EPS: ₹1.83 (not annualized)

Half Year Ended September 30, 2026:

Revenue from Operations: ₹6,922.64 (YoY: -25.3% from ₹9,267.95)
Total Income: ₹6,988.19
Net Profit: ₹432.37 (YoY: -71.2% from ₹1,498.43)
EPS: ₹3.78 (not annualized)

Standalone Balance Sheet (as of September 30, 2026):

Cash and Cash Equivalents: ₹48.64 (decreased from ₹906.89 as of March 31, 2026)
Other Equity: ₹15,623.26 (increased from ₹15,183.12)
Total Debt:
Non-current borrowings: ₹1.54
Current borrowings: ₹2,999.33
Total: ₹3,000.87

Consolidated Results:

Quarter Ended September 30, 2026:

Revenue from Operations: ₹5,062.97 (QoQ: +6.9% from ₹4,735.60; YoY: -6.2% from ₹5,396.36)
Total Income: ₹5,117.53
Net Profit: ₹381.62 (QoQ: -29.3% from ₹539.64; YoY: -60.3% from ₹960.59)
EPS: ₹3.34 (not annualized)

Half Year Ended September 30, 2026:

Revenue from Operations: ₹9,798.57 (YoY: -7.0% from ₹10,535.83)
Total Income: ₹9,934.36
Net Profit: ₹921.26 (YoY: -51.6% from ₹1,902.98)
EPS: ₹8.20 (not annualized)

Consolidated Balance Sheet (as of September 30, 2026):

Cash and Cash Equivalents: ₹49.35 (decreased from ₹907.00 as of March 31, 2026)
Other Equity: ₹17,668.21 (increased from ₹16,715.04)
Total Debt:
Non-current borrowings: ₹287.94
Current borrowings: ₹5,071.24
Total: ₹5,359.18

Segment-wise Performance:

The company operates in a single business segment: "Various types of Solar panel, Pumps & Motors" hence there are no reportable segments as per Ind AS 108.

Corporate Actions:

Not Specified

Other Significant Information:

IPO Proceeds Utilization (as of September 30, 2026):

| Funding capital expenditure | 898.60 | 898.60 | 454.49 | 444.11 |

| Investment in Oswal Solar Energy for new manufacturing units | 2,727.58 | 2,727.59 | 1,004.85 | 1,692.73 |

| Pre-payment/repayment of company borrowings | 2,800.00 | 2,800.00 | 2,800.00 | 0 |

| Investment in Oswal Solar Energy for debt repayment | 310.00 | 310.00 | 310.00 | 0 |

| General corporate purpose | 1,678.96 | 1,678.96 | 1,650.18 | 28.78 |

| Total | 8,415.14 | 8,415.14 | 6,309.52 | 2,105.62 |

Unutilized IPO proceeds of ₹2,027.92 million (including ₹1,631.74 million with Oswal Solar Energy) temporarily deployed in fixed deposits with scheduled commercial banks.

Cash Flow Highlights (Standalone H1 FY27):

Net cash outflow from operating activities: ₹(1,092.07) million
Net cash outflow from investing activities: ₹(597.15) million
Net cash inflow from financing activities: ₹830.97 million
Net decrease in cash: ₹(858.25) million