KSB Limited registers 24.8% sales growth!

KSB Limited, one of leading pumps and Valves manufacturer in India recorded a growth of 24.8% with a sales value of 10,809 Mio. INR on its half-yearly sales (Jan to Jun 2023) vis-à-vis 2022 (Jan to Jun 2022).

  • Sales increased by 24.8% compared to H1 2022
  • Q2 Order Intake at 6165 Mio INR growing by 26% over Q2 2022
  • Export business is seeing an upward trend
  • Zonal office Kolkata has shifted to a new location. New office was inaugurated on 10th July 2023           
  • Successful Implementation of warehouse management at all the plant
  • Commodity Prices are showing signs of stability
  • Received FM packager certificate for firefighting pumps
  • Significant growth in Solar business - Qualification in SECI (Solar Energy Corporation of India) tender
  • Strong Governance score of 70 and an overall ESG score of 56, as rated by CRISIL. This score is based on information available in public domain in 2022 before publishing Business Responsibility and Sustainability Report (BRSR) for the year ended 2022.  

Business Highlights

(All amounts in INR million)

Particulars

Q2 - 2023
(Apr’23-Jun’23)

Q2 - 2022
(Apr’22-Jun’22)

H1- 2023 
(Jan’23-Jun’23)

H1- 2022 
(Jan’22-Jun’22)

Sales

5,913

4,484

10,809

8,661

Expenses

5,061

3,873

9,385

7,503

Operating Profit

852

611

1,424

1,158

OPM %

14%

14%

13%

13%

Other Income

121

166

214

261

Interest

9

14

17

23

Depreciation

120

111

237

216

PBT

844

652

1,384

1,180

Net Profit

637

483

1,037

873


Summarising the Q2’23 performance, Mr. Farrokh Bhathena, Vice President of Sales and Marketing, KSB Limited said, “KSB showcased remarkable performance and significant developments during the second quarter of 2023. We aim to maintain a strong performance in the rest of the year too, driven by a healthy Order Intake of 6165 Mio INR in Q2 2023. We remain optimistic about the demand situation as a consistent upward trend is seen in our export business, which will strengthen our position in the global market. Additionally, our Solar division has witnessed significant growth, propelling us toward a future focused on attaining sustainable solutions. We have also successfully implemented warehouse management across all our plants. These efforts will positively impact overall operational efficiency and profitability. As we move forward, KSB remains committed to excellence, sustainability and creating lasting value for all stakeholders."