Reports 17% Q1 Growth
Customer trust and strong execution capabilities added up to KSB’s growth momentum, said Farrokh Bhathena, VP- Sales and Marketing.
PUNE, May 11 (The CONNECT) – Despite the complex macroeconomic environment and shrinking margins pumps and valve major KSB Limited has registered stellar performance with highest ever order intake of INR 676.4 crore in Q1 2023 from its conventional business.
The company’s sales achieved for the quarter are 17% higher than that of the corresponding Q1 2022, said Farrokh Bhathena, Vice President of Sales and Marketing.
“These impressive results are due to our strong focus on growth strategy,” Bathena said. “In addition, the greater customer trust in our product portfolio and our strong execution capabilities also added up to KSB’s growth momentum. Our strong order backlog with new upcoming orders gives a flying start and confidence for fiscal 2023,” he said.
Business Highlights
All amounts in INR million
| Particulars | Q1 (Jan’23-Mar’23) | Q1 (Jan’22-Mar’22) | Q4 (Oct’22-Dec’22) | Jan’22 -Dec’22 |
| Sales | 4,896 | 4,177 | 5,246 | 18,220 |
| Expenses | 4,324 | 3,630 | 4,478 | 15,753 |
| Operating Profit | 572 | 547 | 768 | 2,467 |
| OPM % | 12% | 13% | 15% | 14% |
| Other Income | 93 | 95 | 87 | 454 |
| Interest | 8 | 9 | 25 | 61 |
| Depreciation | 117 | 105 | 120 | 453 |
| PBT | 540 | 528 | 710 | 2,407 |
| Net Profit | 400 | 390 | 542 | 1,793 |
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.
