 |
Results
31-Jul-21
|
|
|
|
|
|
|
|
Analysis
|
|
|
|
KSB
|
|
Sales up 38%, net jumps 232%
|
|
|
|
|
|
Consolidated net sales (including other operating income) for the
quarter ended Jun 2021 has increased 38% to Rs 303 crore. Sales of
Pumps segment has gone up 38.71% to Rs 262.30 crore (accounting for 86.40% of
total sales). Sales of Valves segment has gone up 37.67% to Rs 41.30
crore (accounting for 13.60% of total sales). Inter-segment sales
rose Rs 0.20 crore to Rs 0.60 crore. Profit before interest, tax and
other un-allocable items (PBIT) has jumped 422.95% to Rs 31.90
crore. PBIT of Pumps segment rose 311.84% to Rs 31.30 crore
(accounting for 98.12% of total PBIT). PBIT of Valves reported
profit of Rs 0.60 crore compared to loss of Rs 1.50 crore. PBIT
margin of Pumps segment rose from 4.02% to 11.93%. PBIT margin of
Valves segment rose from negative 5.00% to 1.45%. Overall PBIT
margin rose from 2.78% to 10.51%. Operating profit margin has jumped
from 6.2% to 13%, leading to 189% rise in operating profit to Rs 39.30
crore. Other income rose 22% to Rs 8.4 crore. Provision
for interest rose 11% to Rs 1 crore. Provision for depreciation
rose 9% to Rs 10.8 crore. Profit before tax grew 270% to Rs 35.90
crore. Provision for tax was expense of Rs 9.9 crore, compared
to Rs 2.1 crore. Thus the PAT was up 242% to Rs 26 crore. Share of profit/loss was 100% higher at Rs 1.2
crore. Minority interest was nil in both the periods. Net
profit attributable to owners of the company increased 232% to Rs 27.20
crore.
Standalone net sales (including other
operating income) of KSB for the quarter ended Jun 2021 has increased 38.42% to
Rs 303.00 crore. Operating profit margin has jumped from 6.21% to
12.97%, leading to 188.97% rise in operating profit to Rs 39.30
crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 45.41% to 40.78%. Purchase of finished
goods cost rose from 7.63% to 13.39%. Employee cost decreased from
22.58% to 15.78%. Other expenses rose from 17.56% to 17.72%.
Other income up 60.87% to Rs 11.1 crore. Provision for
interest up 11.11% to Rs 1 crore. Provision for depreciation rose
9.09% to Rs 10.8 crore. Profit before tax grew 297.94% to Rs 38.60
crore. Provision for tax was expense of Rs 10.3 crore, compared to
Rs 1.9 crore. Effective tax rate was 26.68% compared to 19.59%. Profit
after tax rose 262.82% to Rs 28.30 crore.
Half yearly performance
Consolidated net sales (including other
operating income) has increased 43.85% to Rs 684.6 crore. Sales of
Pumps segment has gone up 42.89% to Rs 580.00 crore (accounting for 84.62% of
total sales). Sales of Valves segment has gone up 49.08% to Rs
105.40 crore (accounting for 15.38% of total sales). Inter-segment
sales rose Rs 0.70 crore to Rs 0.80 crore. Profit before interest,
tax and other unallocable items (PBIT) has jumped 279.65% to Rs 85.80
crore. PBIT of Pumps segment rose 229.54% to Rs 78.10 crore
(accounting for 91.03% of total PBIT). PBIT of Valves reported
profit of Rs 7.70 crore compared to loss of Rs 1.10 crore. PBIT
margin of Pumps segment rose from 5.84% to 13.47%. PBIT margin of
Valves segment rose from negative 1.56% to 7.31%. Overall PBIT
margin rose from 4.74% to 12.52%. Operating profit margin has jumped from
6.64% to 14.80%, leading to 220.57% rise in operating profit to Rs 101.30
crore. Other income fell 20.81% to Rs 15.6
crore. Provision for interest rose 11.76% to Rs 1.9
crore. Provision for depreciation rose 9.09% to Rs 21.6
crore. Profit before tax grew 213.42% to Rs 93.40
crore. Share of profit/loss was 158.33% higher at Rs 3.1
crore. Provision for tax was expense of Rs 25.4 crore, compared to
Rs 11.9 crore. Effective tax rate was 26.32% compared to 38.39%. Minority
interest was nil in both the periods. Net profit attributable to
owners of the company increased 272.25% to Rs 71.10 crore.
Standalone net sales (including other
operating income) for the half year ended Jun 2021 has increased 43.85% to Rs
684.60 crore. Operating profit margin has jumped from 6.64% to
14.80%, leading to 220.57% rise in operating profit to Rs 101.30
crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 47.87% to 43.35%. Purchase of finished
goods cost rose from 6.66% to 8.74%. Employee cost decreased from
19.14% to 14.47%. Other expenses fell from 19.80% to 19.10%.
Other income fell 7.11% to Rs 18.3 crore. Provision for
interest up 11.76% to Rs 1.9 crore. Provision for depreciation rose
9.09% to Rs 21.6 crore. Profit before tax grew 222.48% to Rs 96.10
crore. Provision for tax was expense of Rs 25.3 crore, compared to
Rs 6.5 crore. Effective tax rate was 26.33% compared to 21.81%. Profit
after tax rose 203.86% to Rs 70.80 crore.
Other developments
Equity capital stood at Rs 34.80 crore
as of 30 June 2021 to Rs 34.80 crore as of 30 June 2020. Per share
face Value remained same at Rs 10.00.
Promoters’ stake was
66.69% as of 30 June 2021, compared to 66.41% as of 30 June 2020.
|
KSB:
Consolidated Results
|
|
|
|
|
|
|
|
|
|
|
2106
(3)
|
2006
(3)
|
Var.
(%)
|
2106
(6)
|
2006
(6)
|
Var.
(%)
|
2012
(12)
|
1912
(12)
|
Var.
(%)
|
|
Sales
|
303.00
|
218.90
|
38
|
684.60
|
475.90
|
44
|
1208.10
|
1293.90
|
-7
|
|
OPM (%)
|
13.0
|
6.2
|
|
14.8
|
6.6
|
|
13.9
|
11.7
|
|
|
OP
|
39.30
|
13.60
|
189
|
101.30
|
31.60
|
221
|
167.80
|
151.80
|
11
|
|
Other
inc.
|
8.40
|
6.90
|
22
|
15.60
|
19.70
|
-21
|
29.10
|
21.60
|
35
|
|
PBIDT
|
47.70
|
20.50
|
133
|
116.90
|
51.30
|
128
|
196.90
|
173.40
|
14
|
|
Interest
|
1.00
|
0.90
|
11
|
1.90
|
1.70
|
12
|
3.40
|
5.30
|
-36
|
|
PBDT
|
46.70
|
19.60
|
138
|
115.00
|
49.60
|
132
|
193.50
|
168.10
|
15
|
|
Dep.
|
10.80
|
9.90
|
9
|
21.60
|
19.80
|
9
|
41.80
|
45.70
|
-9
|
|
PBT before EO
|
35.90
|
9.70
|
270
|
93.40
|
29.80
|
213
|
151.70
|
122.40
|
24
|
|
EO
Income
|
0.00
|
0.00
|
|
0.00
|
0.00
|
####
|
0.00
|
12.70
|
-100
|
|
PBT
after EO
|
35.90
|
9.70
|
270
|
93.40
|
29.80
|
213
|
151.70
|
135.10
|
12
|
|
Taxation
|
9.90
|
2.10
|
371
|
25.40
|
11.90
|
113
|
63.20
|
39.80
|
59
|
|
PAT
|
26.00
|
7.60
|
242
|
68.00
|
17.90
|
280
|
88.50
|
95.30
|
-7
|
|
Share
of Profit/(Loss) from Associates
|
1.20
|
0.60
|
100
|
3.10
|
1.20
|
158
|
5.30
|
5.40
|
-2
|
|
Net
profit
|
27.20
|
8.20
|
232
|
71.10
|
19.10
|
272
|
93.80
|
100.70
|
-7
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
26.9
|
26.4
|
|
|
* EPS
is on current equity of Rs 34.81 crore, Face value of Rs 10
|
|
|
|
|
|
# EPS
is not annualised due to seasonality of business
|
|
|
|
|
|
|
Figures
in Rs crore
|
|
|
|
|
|
|
|
|
|
Source:
Capitaline Corporate Database
|
|
|
|
|
|
|
| KSB : Consolidated Segment Results | | | Quarter ended | Year to Date | Year ended |
|---|
| % of (Total) | 202106 | 202006 | Var.(%) | % of (Total) | 202106 | 202006 | Var.(%) | % of (Total) | 202012 | 201912 | Var.(%) |
|---|
| Sales | | Pumps | 86.40 | 262.30 | 189.10 | 38.71 | 84.62 | 580.00 | 405.90 | 42.89 | 83.38 | 1,008.20 | 1,088.20 | -7.35 | | Valves | 13.60 | 41.30 | 30.00 | 37.67 | 15.38 | 105.40 | 70.70 | 49.08 | 16.62 | 201.00 | 208.20 | -3.46 | | Total Reported Sales | 100.00 | 303.60 | 219.10 | 38.57 | 100.00 | 685.40 | 476.60 | 43.81 | 100.00 | 1,209.20 | 1,296.40 | -6.73 | | Less: Inter segment revenues | | 0.60 | 0.20 | 200.00 | | 0.80 | 0.70 | 14.29 | | 1.10 | 2.50 | -56.00 | | Net Sales | 100.00 | 303.00 | 218.90 | 38.42 | 100.00 | 684.60 | 475.90 | 43.85 | 100.00 | 1,208.10 | 1,293.90 | -6.63 | | PBIT | | Pumps | 98.12 | 31.30 | 7.60 | 311.84 | 91.03 | 78.10 | 23.70 | 229.54 | 91.53 | 124.30 | 104.10 | 19.40 | | Valves | 1.88 | 0.60 | -1.50 | LP | 8.97 | 7.70 | -1.10 | LP | 8.47 | 11.50 | 10.70 | 7.48 | | Total PBIT | 100.00 | 31.90 | 6.10 | 422.95 | 100.00 | 85.80 | 22.60 | 279.65 | 100.00 | 135.80 | 114.80 | 18.29 | | Less : Interest | | 1.00 | 0.90 | 11.11 | | 1.90 | 1.70 | 11.76 | | 3.40 | 5.30 | -35.85 | | Add: Other un-allcoable | | 6.20 | 5.10 | 21.57 | | 12.60 | 10.10 | 24.75 | | 24.60 | 31.00 | -20.65 | | PBIT Margin(%) | | Pumps | | 11.93 | 4.02 | 791.39 | | 13.47 | 5.84 | 762.66 | | 12.33 | 9.57 | 276.26 | | Valves | | 1.45 | -5.00 | 645.28 | | 7.31 | -1.56 | 886.14 | | 5.72 | 5.14 | 58.21 | | PBT | 100.00 | 37.10 | 10.30 | 260.19 | 100.00 | 96.50 | 31.00 | 211.29 | 100.00 | 157.00 | 140.50 | 11.74 |
|
| KSB : Standalone Results | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202106 | 202006 | Var.(%) | 202106 | 202006 | Var.(%) | 202012 | 201912 | Var.(%) |
|---|
| Net Sales (including other operating income) | 303.00 | 218.90 | 38.42 | 684.60 | 475.90 | 43.85 | 1,208.10 | 1,293.90 | -6.63 | | OPM (%) | 12.97 | 6.21 | 676 bps | 14.80 | 6.64 | 816 bps | 13.89 | 11.73 | 216 bps | | OP | 39.30 | 13.60 | 188.97 | 101.30 | 31.60 | 220.57 | 167.80 | 151.80 | 10.54 | | Other Inc. | 11.10 | 6.90 | 60.87 | 18.30 | 19.70 | -7.11 | 32.30 | 24.10 | 34.02 | | PBIDT | 50.40 | 20.50 | 145.85 | 119.60 | 51.30 | 133.14 | 200.10 | 175.90 | 13.76 | | Interest | 1 | 0.9 | 11.11 | 1.9 | 1.7 | 11.76 | 3.4 | 5.3 | -35.85 | | PBDT | 49.40 | 19.60 | 152.04 | 117.7 | 49.6 | 137.30 | 196.7 | 170.6 | 15.30 | | Depreciation | 10.8 | 9.9 | 9.09 | 21.6 | 19.8 | 9.09 | 41.8 | 45.7 | -8.53 | | PBT | 38.60 | 9.70 | 297.94 | 96.1 | 29.8 | 222.48 | 154.9 | 124.9 | 24.02 | | PBT before EO | 38.6 | 9.7 | 297.94 | 96.1 | 29.8 | 222.48 | 154.9 | 124.9 | 24.02 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 12.7 | - | | PBT after EO | 38.6 | 9.7 | 297.94 | 96.1 | 29.8 | 222.48 | 154.9 | 137.6 | 12.57 | | Taxation | 10.3 | 1.9 | 442.11 | 25.3 | 6.5 | 289.23 | 57.6 | 39.8 | 44.72 | | PAT | 28.3 | 7.8 | 262.82 | 70.8 | 23.3 | 203.86 | 97.3 | 97.8 | -0.51 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 28.3 | 7.8 | 262.82 | 70.8 | 23.3 | 203.86 | 97.3 | 97.8 | -0.51 | | EPS (Rs)* | 8.13 | 2.24 | 262.82 | 20.34 | 6.69 | 203.86 | 27.95 | 25.50 | 9.61 | | | * EPS is on current equity of Rs 34.81 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|
|
|
|
Previous News |
KSB consolidated net profit rises 1.24% in the March 2023 quarter
(
Results
-
Announcements
10-May-23
07:28
)
|
|
|
KSB consolidated net profit rises 74.26% in the June 2022 quarter
(
Results
-
Announcements
16-Aug-22
08:13
)
|
|
|
KSB to declare Quarterly Result
(
Corporate News
-
09-Apr-24
09:38
)
|
|
|
Volumes soar at Vedanta Ltd counter
(
Hot Pursuit
-
03-Aug-23
11:00
)
|
|
|
Volumes soar at Alembic Ltd counter
(
Hot Pursuit
-
23-Mar-21
14:31
)
|
|
|
KSB Pumps standalone net profit rises 21.07% in the December 2017 quarter
(
Results
-
Announcements
23-Feb-18
17:49
)
|
|
|
KSB Limited: Rating reaffirmed
(
Press Releases
-
15-Jan-21
11:14
)
|
|
|
KSB to declare Quarterly Result
(
Corporate News
-
27-Apr-23
17:25
)
|
|
|
KSB Pumps
(
Results
-
Analysis
24-Jul-15
19:17
)
|
|
|
Board of KSB recommends final dividend
(
Corporate News
-
28-Feb-19
17:25
)
|
|
|
KSB consolidated net profit rises 32.49% in the June 2023 quarter
(
Results
-
Announcements
03-Aug-23
07:34
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|