Consolidated net sales  of KSB for the quarter ended Jun 2022 has increased 47.99% to Rs 448.4 crore.  Operating profit margin has jumped from 12.97% to 13.63%, leading to 55.47% rise in operating profit to Rs 61.10 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 40.78% to 47.46%.   Purchase of finished goods cost fell from 13.39% to 10.61%.   Employee cost decreased from 15.78% to 12.89%.   Other expenses fell from 17.72% to 16.05%.   

Other income rose 59.52% to Rs 13.4 crore.  PBIDT rose 56.18% to Rs 74.5 crore.  Provision for interest rose 40% to Rs 1.4 crore.  Loan funds declined from Rs 70.80 crore as of 30 June 2021 to Rs 32.20 crore as of 30 June 2022.  Inventories rose to Rs 479.20 crore as of 30 June 2022 from Rs 394.90 crore as of 30 June 2021.  Sundry debtors were higher at Rs 317.10 crore as of 30 June 2022 compared to Rs 230.90 crore as of 30 June 2021.  Cash and bank balance declined from Rs 427.70 crore as of 30 June 2021 to Rs 308.90 crore as of 30 June 2022.  Investments rose to Rs 70.50 crore as of 30 June 2022 from Rs 66.60 crore as of 30 June 2021 .  

PBDT rose 56.53% to Rs 73.1 crore.  Provision for depreciation rose 2.78% to Rs 11.1 crore.  Fixed assets increased to Rs 344.40 crore as of 30 June 2022 from Rs 330.10 crore as of 30 June 2021.  Intangible assets increased from Rs 1.30 crore to Rs 1.40 crore.  

Profit before tax grew 72.70% to Rs 62.00 crore.  Share of profit/loss was 66.67% higher at Rs 2 crore.  Provision for tax was expense of Rs 16.6 crore, compared to Rs 9.9 crore.  Effective tax rate was 25.94% compared to 26.68%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 74.26% to Rs 47.40 crore.  

• Sales of Pumps segment has gone up 45.41% to Rs 381.40 crore (accounting for 84.98% of total sales).  Sales of Valves segment has gone up 63.20% to Rs 67.40 crore (accounting for 15.02% of total sales).  Inter-segment sales came down from Rs 0.60 crore to Rs 0.40 crore.  
• Profit before interest, tax and other unallocable items (PBIT) has jumped 80.88% to Rs 57.70 crore.  PBIT of Pumps segment rose 72.52% to Rs 54.00 crore (accounting for 93.59% of total PBIT).  PBIT of Valves segment rose 516.67% to Rs 3.70 crore (accounting for 6.41% of total PBIT).  
• PBIT margin of Pumps segment rose from 11.93% to 14.16%.  PBIT margin of Valves segment rose from 1.45% to 5.49%.  Overall PBIT margin rose from 10.51% to 12.86%.  

Half yearly performance  

Net sales (including other operating income) of KSB has increased 26.51% to Rs 866.1 crore.  Sales of Pumps segment has gone up 26.03% to Rs 731.00 crore (accounting for 84.32% of total sales).  Sales of Valves segment has gone up 28.94% to Rs 135.90 crore (accounting for 15.68% of total sales).  Inter-segment sales came down from Rs 0.80 crore to Rs 0.80 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 24.36% to Rs 106.70 crore.  PBIT of Pumps segment rose 24.33% to Rs 97.10 crore (accounting for 91.00% of total PBIT).  PBIT of Valves segment rose 24.68% to Rs 9.60 crore (accounting for 9.00% of total PBIT).  

PBIT margin of Pumps segment fell from 13.47% to 13.28%.  PBIT margin of Valves segment fell from 7.31% to 7.06%.  Overall PBIT margin fell from 12.52% to 12.31%.  

Operating profit margin has declined from 14.80% to 13.37%, leading to 14.31% rise in operating profit to Rs 115.80 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 43.35% to 46.90%.   Purchase of finished goods cost rose from 8.74% to 9.84%.   Employee cost decreased from 14.47% to 13.01%.   Other expenses fell from 19.10% to 17.36%.   

Other income rose 46.79% to Rs 22.9 crore.  PBIDT rose 18.65% to Rs 138.7 crore.  Provision for interest rose 21.05% to Rs 2.3 crore.  Loan funds declined from Rs 70.80 crore as of 30 June 2021 to Rs 32.20 crore as of 30 June 2022.  Inventories rose to Rs 479.20 crore as of 30 June 2022 from Rs 394.90 crore as of 30 June 2021.  Sundry debtors were higher at Rs 317.10 crore as of 30 June 2022 compared to Rs 230.90 crore as of 30 June 2021.  Cash and bank balance declined from Rs 427.70 crore as of 30 June 2021 to Rs 308.90 crore as of 30 June 2022.  Investments rose to Rs 70.50 crore as of 30 June 2022 from Rs 66.60 crore as of 30 June 2021 .  

PBDT rose 18.61% to Rs 136.4 crore.  Fixed assets increased to Rs 344.40 crore as of 30 June 2022 from Rs 330.10 crore as of 30 June 2021.  Intangible assets increased from Rs 1.30 crore to Rs 1.40 crore.  

Profit before tax grew 22.91% to Rs 114.80 crore.  Share of profit/loss was 25.81% higher at Rs 3.9 crore.  Provision for tax was expense of Rs 30.9 crore, compared to Rs 25.4 crore.  Effective tax rate was 26.03% compared to 26.32%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 23.49% to Rs 87.80 crore.  

Equity capital stood at Rs 34.80 crore as of 30 June 2022 to Rs 34.80 crore as of 30 June 2021.  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 66.69% as of 30 June 2022 ,compared to 66.69% as of 30 June 2021 .  

Cash flow from operating activities has turned negative Rs 4.20 crore for YTD ended June 2022 from positive Rs 49.30 crore for YTD ended June 2021.  Cash flow used in acquiring fixed assets during the YTD ended June 2022 stood at Rs 41.50 crore, compared to Rs 12.80 crore during the YTD ended June 2021.