Hot Pursuit     03-Aug-23
KSB soars after strong Q2 outcome
KSB surged 11.43% to Rs 2565 after the company's consolidated net profit 32.49% to Rs 62.80 crore on 31.87% increase in net sales to Rs 591.30 crore in Q2 June 2023 over Q2 June 2022.
Profit before tax grew by 29.8% year on year to Rs 83.10 crore in the quarter ended 30 June 2023.

Total expenses rose 30.7% to Rs 506.10 crore in Q2 June 2023 over Q2 June 2022. During the quarter, cost of materials consumed stood at Rs 283.50 crore (up 27% YoY) while employee benefits expense was at Rs 66.80 crore (up 10.2% YoY).

Net cash inflow from operating activities stood at Rs 51.80 crore in the six months ended on 30 June 2023, compared with net cash outflow from operating activities at Rs 4.20 crore in the six months ended on 30 June 2022.

KSB is a leading supplier of pumps, valves, and systems.

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