Compressors & Pumps company Oswal Pumps announced Q3FY26 results Total income of Rs 5,077 million in Q3FY26, registering a growth of 33.4% YoY. EBITDA of Rs 1,337 million in Q3FY26, growing 12.2% YoY. EBITDA Margin was at 26.3%. PAT of Rs 916 million in Q3FY26, up 13.9% YoY and PAT Margin was at 18.0%. Diluted EPS stood at Rs 8.25 in Q3FY26 as against Rs 8.08 in Q3FY25. Vivek Gupta, Chairman & Managing Director, Oswal Pumps, said: “We are pleased to report Total Income of Rs 5,077 million in Q3FY26 and Rs 15,692 million in 9MFY26, representing YoY growth of 33.4% and 47.0%, respectively. This strong performance was primarily driven by the consistent execution of projects under the PM KUSUM scheme. EBITDA for Q3FY26 stood at Rs 1,337 million, translating into an EBITDA margin of 26.3%, reflecting a sequential improvement of 166 bps. For the nine months ended FY26, Operating EBITDA amounted to Rs 4,104 million, with a margin of 26.2%. While the Company faced recent margin pressures, primarily due to competitive tender pricing, it successfully expanded margins on a quarter-on-quarter basis, driven by ongoing value-engineering initiatives. These efforts are expected to support margin resilience over the medium term. Profit Before Tax (PBT) for Q3FY26 was Rs 1,192 million, with a margin of 23.5%, while PBT for 9MFY26 stood at Rs 3,707 million, with a margin of 23.6%. These figures also include the exceptional labour code impact of Rs 18.92 million. Excluding this item, PBT for Q3FY26 would have been Rs 1,211 million with a YoY growth of 16.0% and margin of 23.8%, and PBT for 9MFY26 would have been Rs 3,726 million with a YoY growth of 30.5% and margin of 23.7%. Profit After Tax (PAT) for Q3FY26 was Rs 916 million and Rs 2,837 million for 9MFY26, reflecting YoY growth of 13.9% and 30.9%, respectively. PAT margins stood at 18.0% in Q3FY26 and 18.1% in 9MFY26. The Company continues to strengthen its order book, supported by government-backed solar irrigation programs. Looking ahead, we maintain a robust order book of over 24,500 pumps, comprising direct PM-KUSUM, Magel Tyala, indirect PM-KUSUM, and export orders. In addition, we have a strong near-term pipeline exceeding 25,000 pumps. This sustained focus by the Government on expanding solarisation initiatives and promoting renewable-powered irrigation is expected to further accelerate the structural shift toward solar-powered irrigation, driving scalable and predictable demand for energy-efficient pumping solutions. Supported by proposed manufacturing capacity expansions and a proven execution track record, the Company is well positioned to translate these policy tailwinds into meaningful on-ground outcomes empowering farmers while advancing India’s clean energy objectives.” Result PDF