KSB Limited Reports Successful Q1 2024 Results Showing Growth & Stability

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KSB Limited
KSB Limited
  • The sales revenue of Q1 2024 is INR 544.2 crores which is 11.2% higher than that of the corresponding Q1 2023
  • Received letter of award under PM-Kusum III Scheme of INR 63 Crores for 2500 solar water pumping systems from Maharashtra Energy Development Agency
  • Received first order for desalination project of value INR 11 Crore from KSB Saudi
  • The energy segment crossed INR 50 Crores order intake with highlight orders – FGD of INR 4.1 Crores from General Electric, and INR 5.6 Crores for HG pumps from Haldia Petrochemicals Ltd.
  • Launched Calio Pro and Etaline with SupremE Motor & Pump Drive 2 at ACREX 2024
  • Hosted 33rd All India Dealer Conference at Kochi, Kerala, themed “One Team, One Dream”
  • Won ‘ESG Champion of India 2024’ Award at Dun & Bradstreet ‘ESG Leadership Summit 2024’
  • Inaugurated renovated offices at Mumbai and Jaipur, and upgraded to a new office location for Bhubaneshwar, signifying our growth and dedication to creating a dynamic work environment

Business Highlights

(All amounts in INR Crores)

ParticularsQ1 (Jan’24-Mar’24)Q1 (Jan’23-Mar’23)Q4 (Oct’23-Dec’23)Jan’23 -Dec’23
Sales544.2489.6602.62,247.2
Expenses483.3432.4521.71,953.6
Operating Profit60.957.280.9293.6
OPM %11.2%11.7%13.4%13.1%
Other Income10.59.36.536.3
Interest0.90.81.65.3
Depreciation12.911.713.749.7
PBT57.654.072.1274.9
Net Profit43.140.052.8204.6

Summarizing the Q1’24 performance, Prashant Kumar, Vice President of Sales and Marketing, KSB Limited said, “This quarter we have registered a steady growth in sales revenue, which is 11.2% higher than that of the corresponding Q1 2023 quarter. Our recent venture into the light water application of the nuclear plant segment highlights our ongoing expansion efforts. Our solar segment has also witnessed significant growth propelling us to a future focused on introducing better and sustainable solutions.

The annual dealer conference was recently concluded in Kochi where we hosted 150+ dealers was very successful, where we recognized and rewarded the star performers. We also shared our vision for the year 2024, strengthening and reinforcing our enduring partnership.

Giving a flying start and confidence for fiscal 2024, KSB remains optimistic and committed to excellence, sustainability, and creating lasting value for all stakeholders.

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