Did Oswal Pumps Witness a 23.83% Surge in Expenses During FY25?
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Synopsis
Oswal Pumps Limited has reported a significant increase in expenses by 23.83% for the first nine months of FY25. With total income also on the rise, the company prepares for a major IPO. Delve into the financial growth and upcoming public offering details that are set to impact investors.
Key Takeaways
- Expenses rose by 23.83% to Rs 781.82 crore.
- Total income reached Rs 1,067.34 crore.
- Profit increased to Rs 216.70 crore.
- Upcoming IPO price band set at Rs 584-614.
- IPO to open on June 13 and close on June 17.
New Delhi, June 10 (NationPress) - The total expenses of Oswal Pumps Limited rose by 23.83% to Rs 781.82 crore in the first nine months of FY25, compared to Rs 631.35 crore for the entire FY24, as revealed in the company's Red Herring Prospectus (RHP).
Alongside the increase in expenses, the company's profits and total income also experienced growth during this review period.
The RHP states that the total income for the period from April to December FY25 reached Rs 1,067.34 crore, up from Rs 761.23 crore in FY24.
Furthermore, the company reported a profit of Rs 216.70 crore in the initial nine months of FY25, significantly higher than the Rs 97.66 crore recorded in FY24.
Headquartered in Haryana, the manufacturer of water and solar pumping systems has set a price band for its forthcoming Rs 1,387.34 crore initial public offering (IPO) between Rs 584-614 per share, with the public issue set to open on June 13.
This IPO includes a fresh issue of Rs 890 crore alongside an offer for sale (OFS) amounting to Rs 497.34 crore by promoter Vivek Gupta. It is scheduled to close on June 17, with shares expected to list on both the BSE and NSE on June 20.
The IPO allocates no more than 50% of shares to qualified institutional buyers (QIB), at least 15% for non-institutional investors (NII), and a minimum of 35% for retail investors.
As of December 31, 2024, the company successfully fulfilled 38,132 turnkey solar pumping system orders under the PM Kusum Scheme across states including Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.
Point of View
Oswal Pumps Limited's financial growth signals resilience in the manufacturing sector. Their ability to increase both expenses and income reflects strategic investments and robust demand for their products, particularly in renewable energy solutions. This IPO could be a pivotal moment for the company and investors alike, enhancing its market presence.
NationPress
11/06/2025
Frequently Asked Questions
What was the percentage increase in Oswal Pumps' expenses?
Oswal Pumps' expenses increased by 23.83% in the first nine months of FY25.
What is the total income reported by Oswal Pumps for FY25?
The total income reported by Oswal Pumps for the period was Rs 1,067.34 crore.
When will Oswal Pumps' IPO open for investors?
Oswal Pumps' IPO will open for investors on June 13.
How much is Oswal Pumps aiming to raise through the IPO?
Oswal Pumps is aiming to raise Rs 1,387.34 crore through the IPO.
What percentage of the IPO is reserved for retail investors?
At least 35% of the IPO is reserved for retail investors.
