Capitaline

Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 0.26% to Rs 39.00 crore. Sales of Pumps segment has gone up 15.06% to Rs 351.40 crore (accounting for 81.36% of total sales). Sales of Valves segment has gone up 27.58% to Rs 80.50 crore (accounting for 18.64% of total sales). Inter-segment sales rose Rs 0.40 crore to Rs 0.60 crore.

Profit before interest, tax and other unallocable items (PBIT) has jumped 8.48% to Rs 48.60 crore. PBIT of Pumps segment rose 1.24% to Rs 40.80 crore (accounting for 83.95% of total PBIT). PBIT of Valves segment rose 73.33% to Rs 7.80 crore (accounting for 16.05% of total PBIT).

PBIT margin of Pumps segment fell from 13.20% to 11.61%. PBIT margin of Valves segment rose from 7.13% to 9.69%. Overall PBIT margin fell from 12.16% to 11.25%.

Nine month performance

Consolidated net sales (including other operating income) of KSB has increased 23.24% to Rs 1297.4 crore. Sales of Pumps segment has gone up 22.25% to Rs 1,082.40 crore (accounting for 83.34% of total sales). Sales of Valves segment has gone up 28.43% to Rs 216.40 crore (accounting for 16.66% of total sales). Inter-segment sales rose Rs 1.20 crore to Rs 1.40 crore.

Profit before interest, tax and other unallocable items (PBIT) has jumped 18.91% to Rs 155.30 crore. PBIT of Pumps segment rose 16.47% to Rs 137.90 crore (accounting for 88.80% of total PBIT). PBIT of Valves segment rose 42.62% to Rs 17.40 crore (accounting for 11.20% of total PBIT).

PBIT margin of Pumps segment fell from 13.37% to 12.74%. PBIT margin of Valves segment rose from 7.24% to 8.04%. Overall PBIT margin fell from 12.39% to 11.96%.

Operating profit margin has declined from 14.53% to 13.10%, leading to 11.05% rise in operating profit to Rs 169.90 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 45.85% to 47.93%. Purchase of finished goods cost rose from 8.38% to 9.55%. Employee cost decreased from 13.98% to 12.78%. Other expenses fell from 18.06% to 17.43%.

Other income rose 31.37% to Rs 33.5 crore. PBIDT rose 13.95% to Rs 203.4 crore. Provision for interest rose 16.13% to Rs 3.6 crore.

PBDT rose 13.91% to Rs 199.8 crore. Provision for depreciation rose 2.46% to Rs 33.3 crore.

Profit before tax grew 16.52% to Rs 166.50 crore. Share of profit/loss was 27.27% higher at Rs 5.6 crore. Provision for tax was expense of Rs 45.3 crore, compared to Rs 37.3 crore. Effective tax rate was 26.32% compared to 25.32%.

Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 15.27% to Rs 126.80 crore.

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

Quarter ended

Year to Date

Year ended

Particulars

202209

202109

Var.(%)

202209

202109

Var.(%)

202112

202012

Var.(%)

Net Sales (including other operating income)

431.30

368.10

17.17

1,297.40

1,052.70

23.24

1,497.30

1,208.10

23.94

OPM (%)

12.54

14.05

-150 bps

13.10

14.53

-144 bps

13.99

13.89

10 bps

54.10

51.70

4.64

169.90

153.00

11.05

209.40

167.80

24.79

Other Inc.

10.60

9.90

7.07

33.50

25.50

31.37

33.70

29.10

15.81

PBIDT

64.70

61.60

5.03

203.40

178.50

13.95

243.10

196.90

23.46

Interest

1.30

1.20

8.33

3.60

3.10

16.13

5.00

3.40

47.06

PBDT

63.40

60.40

4.97

199.80

175.40

13.91

238.10

193.50

23.05

Depreciation

11.7

10.9

7.34

33.3

32.5

2.46

43.5

41.8

4.07

PBT

51.70

49.50

4.44

166.5

142.9

16.52

194.6

151.7

28.28

Share of Profit/(Loss) from Associates

1.7

1.3

30.77

5.6

4.4

27.27

6.4

5.3

20.75

PBT before EO

53.4

50.8

5.12

172.1

147.3

16.84

201

157

28.03

EO Income

PBT after EO

53.4

50.8

5.12

172.1

147.3

16.84

201

157

28.03

Taxation

14.4

11.9

21.01

45.3

37.3

21.45

51.6

63.2

-18.35

PAT

38.9

0.26

126.8

110

15.27

149.4

93.8

59.28

Minority Interest (MI)

Net profit

38.9

0.26

126.8

110

15.27

149.4

93.8

59.28

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

38.9

0.26

126.8

110

15.27

149.4

93.8

59.28

EPS (Rs)*

11.20

11.17

0.26

36.43

31.60

15.27

42.92

26.95

59.28

* 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

Quarter ended

Year to Date

Year ended

% of (Total)

202209

202109

Var.(%)

% of (Total)

202209

202109

Var.(%)

% of (Total)

202112

202012

Var.(%)

Sales

Pumps

81.36

351.40

305.40

15.06

83.34

1,082.40

885.40

22.25

84.19

1,262.00

1,008.20

25.17

Valves

18.64

80.50

63.10

27.58

16.66

216.40

168.50

28.43

15.81

237.00

201.00

17.91

Total Reported Sales

100.00

431.90

368.50

17.20

100.00

1,298.80

1,053.90

23.24

100.00

1,499.00

1,209.20

23.97

Less: Inter segment revenues

0.60

0.40

50.00

1.40

1.20

16.67

1.70

1.10

54.55

Net Sales

100.00

431.30

368.10

17.17

100.00

1,297.40

1,052.70

23.24

100.00

1,497.30

1,208.10

23.94

PBIT

Pumps

83.95

40.80

40.30

1.24

88.80

137.90

118.40

16.47

90.44

162.80

124.30

30.97

Valves

16.05

7.80

4.50

73.33

11.20

17.40

12.20

42.62

9.56

17.20

11.50

49.57

Total PBIT

100.00

48.60

44.80

8.48

100.00

155.30

130.60

18.91

100.00

180.00

135.80

32.55

Less : Interest

1.30

1.20

8.33

3.60

3.10

16.13

5.00

3.40

47.06

Add: Other un-allcoable

6.10

7.20

-15.28

20.40

19.80

3.03

26.00

24.60

5.69

PBIT Margin(%)

Pumps

11.61

13.20

-158.51

12.74

13.37

-63.23

12.90

12.33

57.13

Valves

9.69

7.13

255.79

8.04

7.24

80.03

7.26

5.72

153.60

PBT

100.00

53.40

50.80

5.12

100.00

172.10

147.30

16.84

100.00

201.00

157.00

28.03