Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

KSB LIMITED Earnings Release 2022

Nov 4, 2022

62762_rns_2022-11-04_bdeeac28-0fd6-4ff0-a780-c2a462623a67.pdf

Earnings Release

Open in viewer

Opens in your device viewer

==> picture [145 x 22] intentionally omitted <==

==> picture [93 x 43] intentionally omitted <==

4[th] November, 2022

The General Manager The Manager The Corporate Relationship Department Listing Department BSE Limited National Stock Exchange of India 1[st] floor, New Trading Ring, Limited Rotunda Building “Exchange Plaza”, C-1, Block G P J Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (E) Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 500249 NSE Symbol: KSB

Dear Sir/Madam,

Sub: Press Release for the quarter ended 30[th ] September, 2022

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Please find enclosed herewith Press Release being issued by the Company for the third quarter ended 30[th] September, 2022. Kindly take the same on your records.

Yours faithfully, For KSB Limited

MAHESH SIGN Digitally signed by MAHESH GOPAL BHAVE DN: c=IN, o=Personal, 2.5.4.20=a633bdf475a070fa3cbc3a395f922df 6ae69d9707ea4e7a384133aae4916a72f, GOPAL postalCode=416416, st=Maharashtra, serialNumber=eb0451c8d91c9a8cf27507132 9c736c9926e155f2ed6207235739a27d5f6f18 e, cn=MAHESH GOPAL BHAVE BHAVE Date: 2022.11.04 19:08:14 +05'30'

Mahesh Bhave

GM-Finance and Company Secretary

Mail to

Mail to : (Head Office) KSB Limited (Formerly KSB Pumps Limited), Mumbai - Pune Road, Pimpri, Pune - 411 018. (India) Tel. : +91 20 2710 1000 Fax : +91 20 2742 6000 Visit us at : www.ksbindia.co.in Registered Office : Office No. 601, Runwal R-Square, L.B.S. Marg, Mulund (West), Mumbai- 400 080, Tel. : +91 (022) 2168 1300 Zonal Offices : Chennai • Kolkata • Mumbai • NOIDA CIN : L29120MH1960PLC011635

Press Release: No. 6 / Quarter 3 ended 30[th] September, 2022

KSB Limited registers outstanding growth in the third quarter- Jul’22 to Sept’22

  • The sales value of INR 4,313 million achieved for this quarter is 17% increase over the previous year

  • The Sales value for 3 quarters of 2022 is INR 12,974 million which is about 23% increase over the same period last year

  • Achieved 13% ROS for the quarter

Business Highlights

(All amounts in INR million)

Particulars Q3 – 2022
(Jul’22-Sept’22)
Q3 – 2021
(Jul’21-Sept’21)
Jan’22-Sept’22 Jan’21-Sept’21
Sales 4,313 3,681 12,974 10,527
Expenses 3,772 3,164 11,275 8,997
OperatingProfit 541 517 1,699 1,530
OPM % 13% 14% 13% 15%
Other Income 106 99 367 282
Interest 13 12 36 31
Depreciation 117 109 333 325
PBT 517 495 1,697 1,456
Net Profit 378 379 1,251 1,087

Commenting on the quarterly performance, Mr. Farrokh Bhathena, Director Sales and Marketing, KSB Limited said, “We have registered outstanding Year on Year sales growth of 17% for the third quarter and also, 23% increase in the cumulative sales for 3 quarters with respect to last year.

Continuing the trend, we have once again seen significant order inflow from the Petrochemical segment. This quarter has seen the highest order intake in a quarter which includes orders from NPCIL and Calik Energie for Bazian CCPP Project.”

Major Highlights

  • Good Order Intake trend with highest ever quarterly OI of Rs. 1951 Mio in Q3 2022.

  • NPCIL order for 8 Reactor Coolant Pumps worth Rs. 5013 Mio for Kaiga 5 & 6 reactors.

  • YTD Order Intake of ~ 2708 Mio from Petrochemicals segment.

  • Good growth in Mechanical Seal business.

  • New E2E Solution for eSales rollout for integrated website and Webshop.

Mr. Milind Khadilkar, Chief Financial Office opens his remarks informing the all time high share price of the Company of INR 2,000+ per equity share during Q3. This has resulted in highest ever market capitalisation of the Company. Mr. Khadilkar is pleased to share this value creation, for the Company’s investors and shareholders.

Mr. Khadilkar then updated about the Company’s proposed investment in the specified Intellectual Property Rights (IPR) of Bharat Pumps & Compressors Limited (BPCL) through e-tendering due to the strategic planning during the re-bidding process.

Mr. Milind Khadilkar informed that the Company attended its physical investors Meet post Covid, in August, 2022 with a wonderful response from the institutional investors.

On ESG initiatives he updated that :

  • During FY 2022, the Company has planted 1,000 trees within its premises at Shirwal factory and continues the plantation activities at other plants in collaboration with the NGOs at various locations, totalling 6,500+ trees.

  • He also mentioned that the Company is able to better manage its attrition rate as compared to the rate in the industry during the running year FY 2022.

  • Contributions to ESG through products like FGD and Nuclear pumps for a cleaner Energy sector.

  • New Investments planned for wind Solar hybrid project, roof top solar projects etc, waste water projects.

About KSB Limited

KSB Limited Founded in 1960 in India is a part of KSB SE & Co KGaA., - one of the world’s leading suppliers of pumps, valves and systems. Combining innovative technology and excellent service to provide intelligent solutions, the company has been offering innovative and sturdy solutions to cater to the myriad needs of the Indian Customer may it be in power, oil, building services, process engineering, water treatment, water transport, etc. The activities of KSB’s in-house research centre focus on the areas of hydraulics, sealing technology, materials, production technology and automation.

Today the KSB group has a presence on all the continents with its own sales and marketing companies, manufacturing facilities and service operations. More than 15,000 employees generate annual consolidated sales revenue of over Two billion Euros.

Contact : KSB Limited, Mumbai-Pune Road, Pimpri, Pune 411 018, Tel- +91 020 2710 1000.