Oswal Pumps shares tumble 7% as Q2 profit falls 59% YoY to ₹40 crore, EBITDA margin declines

The company posted a 59.4% year-on-year (YoY) fall in its consolidated net profit (attributable to the owners) to ₹39.63 crore during the quarter under review, compared with ₹97.5 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26), according to a regulatory filing.

Its consolidated revenue from operations declined 6.2% YoY to ₹506.3 crore in the second quarter of FY27, as against ₹539.64 crore in the same quarter of the preceding fiscal year.

At the operational level, the firm’s EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹62.8 crore for the reporting quarter, registering a fall of 53.4% YoY from ₹134.8 crore in Q2 FY26.

The solar pumps manufacturer saw its EBITDA margin contract by 1,239 basis points (bps) YoY to 12.3% in Q2 FY27, compared with 24.7% in the year-ago period, primarily due to higher raw material costs and increased operating expenses.

Its pump order book currently stood at 9,487 pumps, “complemented by a near-term pipeline of approximately 10,000 pumps across direct PM-KUSUM, Magel Tyala, indirect PM-KUSUM and export opportunities, providing visibility on future execution”.

“Looking ahead, the Company remains focused on disciplined execution of its order book, restoring operating margins through cost optimisation and operational efficiencies, and building a more diversified and integrated business platform to drive sustainable growth and long-term value creation for all stakeholders,” said Vivek Gupta, Chairman and Managing Director of Oswal Pumps.

Oswal Pumps share performance

At around 10:59 AM, the stock was trading 6.06% lower at ₹224.49 per equity share.

The scrip has declined 2% in the past week and 14% over the month. On a year-to-date (YTD) basis, it has dropped 57%.

While the shares hit a 52-week high of ₹678 per unit on November 17, 2025, they touched a year’s low of ₹201 apiece on October 30, 2026.

Oswal Pumps has a total market capitalisation of ₹2,552.80 crore as of November 13, 2026, according to data on the NSE.