Oswal Pumps Limited

₹5,396 million

mps? 01 Company Snapshot Management Commentary “We are pleased to report operating revenue of ₹5,396 million, reflecting a 73.9% YoY increase and 5.0% QoQ growth. This sustained momentum was primarily driven

73.9%

Management Commentary “We are pleased to report operating revenue of ₹5,396 million, reflecting a 73.9% YoY increase and 5.0% QoQ growth. This sustained momentum was primarily driven by the continued ex

5.0%

“We are pleased to report operating revenue of ₹5,396 million, reflecting a 73.9% YoY increase and 5.0% QoQ growth. This sustained momentum was primarily driven by the continued execution of our PM Kusu

24.7%

inued execution of our PM Kusum and Magel Tyala orders. Our EBITDA margin for the quarter stood at 24.7% while our operating EBITDA margin stood at 23.7%, reflecting a QoQ decline of 368 bps. The primary

23.7%

rders. Our EBITDA margin for the quarter stood at 24.7% while our operating EBITDA margin stood at 23.7%, reflecting a QoQ decline of 368 bps. The primary reason was a reduction in PM Kusum and Magel Tya

368 bps

uarter stood at 24.7% while our operating EBITDA margin stood at 23.7%, reflecting a QoQ decline of 368 bps. The primary reason was a reduction in PM Kusum and Magel Tyala tender rates, which fell by an ave

7.5%

imary reason was a reduction in PM Kusum and Magel Tyala tender rates, which fell by an average of 7.5%, impacting over 80% of our core revenue. In addition, certain one-time factors contributed to margi

80%

duction in PM Kusum and Magel Tyala tender rates, which fell by an average of 7.5%, impacting over 80% of our core revenue. In addition, certain one-time factors contributed to margin pressure, includi

₹400 million

nue. In addition, certain one-time factors contributed to margin pressure, including approximately ₹400 million of module sales at significantly lower margins compared to complete pumping systems, and a one-time

₹25 million

ales at significantly lower margins compared to complete pumping systems, and a one-time expense of ₹25 million related to increasing the authorised capital of our subsidiary. These factors together caused an e

180 bps

to increasing the authorised capital of our subsidiary. These factors together caused an estimated 180 bps decline in operating EBITDA margins, which we expect to recover in Q3 FY26. Overall, these element

6.5%

ver in Q3 FY26. Overall, these elements resulted in an Operating EBITDA margin compression of over 6.5%. However, through proactive value engineering initiatives and operational efficiencies, we were ab

“• Pumps and Motors: One of India’s largest single- site facilities for manufacturing pumps and motors Grid-Connected Pumps Solar Pumps • Solar Modules : 570MW capacity 58.3% CAGR One of the Fastest growing vertically integrated solar pump manufacturer in India in terms of revenue growth during the last four fiscals.”

“00% 5.0 0% 0.0 0% FY22 FY23 FY24 FY25 H1 FY26 FY22 FY23 FY24 FY25 H1 FY26 FY22 FY23 FY24 FY25 H1 FY26 PAT & Margin In Rs.”

“00% 5.0 0% 0.0 0% RoNW* RoCE* 81% 89% 93% 81.9% 82.5% 58.88% 27.0% 45.5% 45.9% 40.0% FY22 FY23 FY24 FY25 H1 FY26 FY22 FY23 FY24 FY25 H1 FY26# Net Debt/Equity Net Debt/Op.”

Operates two manufacturing facilities

1

Operates two manufacturing facilities

• Pumps and Motors: One of India’s largest single- site facilities for manufacturing pumps and motors Grid-Connected Pumps Solar Pumps • Solar Modules : 570MW capacity 58.3% CAGR One of the Fastest growing vertically integrated solar pump manufacturer in India in terms of revenue growth during the last four fiscals. 22+ Years Experience in pumping solutions encompassing engineering, product designing, manufacturing and testing 55,0821 One of the largest suppliers of Turnkey Solar Pumping Systems under the PM KUSUM scheme Electric Motors Solar PV Modules Orders Executed as of October 31, 20251 ; Distributors as of September 30, 20252 • Both the facilities are accredited with ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 certifications • Included in the approved list of manufacturers and models for solar modules by the Ministry of New and Renewable Energy, Government of India 1,2352 Extensive distributor network2 across India to boost retail reach and brand recognition • New manufactu