Capitaline

Sales of Pumps segment has gone up 34.83% to Rs 473.80 crore (accounting for 83.90% of total sales). Sales of Valves segment has gone up 12.92% to Rs 90.90 crore (accounting for 16.10% of total sales). Inter-segment sales rose Rs 0.60 crore to Rs 1.00 crore.
Profit before interest, tax and other unallocable items (PBIT) has jumped 29.42% to Rs 62.90 crore. PBIT of Pumps segment rose 28.43% to Rs 52.40 crore (accounting for 83.31% of total PBIT). PBIT of Valves segment rose 34.62% to Rs 10.50 crore (accounting for 16.69% of total PBIT).
PBIT margin of Pumps segment fell from 11.61% to 11.06%. PBIT margin of Valves segment rose from 9.69% to 11.55%. Overall PBIT margin fell from 11.25% to 11.14%.

Nine month performance

Consolidated net sales (including other operating income) of KSB for the nine month period ended Sep 2023 has increased 26.76% to Rs 1644.6 crore. Operating profit margin has declined from 13.10% to 12.93%, leading to 25.19% rise in operating profit to Rs 212.70 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 47.93% to 48.37%. Purchase of finished goods cost fell from 9.55% to 8.26%. Employee cost decreased from 12.78% to 12.04%. Other expenses rose from 17.43% to 18.58%. Other income fell 22.69% to Rs 25.9 crore. PBIDT rose 17.31% to Rs 238.6 crore. Provision for interest rose 2.78% to Rs 3.7 crore. PBDT rose 17.57% to Rs 234.9 crore. Provision for depreciation rose 8.11% to Rs 36 crore. Profit before tax grew 19.46% to Rs 198.90 crore. Share of profit/loss was 17.86% higher at Rs 6.6 crore. Provision for tax was expense of Rs 51.7 crore, compared to Rs 45.3 crore. Effective tax rate was 25.16% compared to 26.32%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 21.29% to Rs 153.80 crore.

Sales of Pumps segment has gone up 28.28% to Rs 1,388.50 crore (accounting for 84.30% of total sales). Sales of Valves segment has gone up 19.45% to Rs 258.50 crore (accounting for 15.70% of total sales). Inter-segment sales rose Rs 1.40 crore to Rs 2.40 crore.
Profit before interest, tax and other unallocable items (PBIT) has jumped 22.22% to Rs 189.80 crore. PBIT of Pumps segment rose 14.65% to Rs 158.10 crore (accounting for 83.30% of total PBIT). PBIT of Valves segment rose 82.18% to Rs 31.70 crore (accounting for 16.70% of total PBIT).
PBIT margin of Pumps segment fell from 12.74% to 11.39%. PBIT margin of Valves segment rose from 8.04% to 12.26%. Overall PBIT margin fell from 11.96% to 11.52%.

Promoters’ stake was 66.69% as of 30 September 2023 ,compared to 66.69% as of 30 September 2022 .

Quarter ended

Year to Date

Year ended

Particulars

202309

202209

Var.(%)

202309

202209

Var.(%)

202212

202112

Var.(%)

Net Sales (including other operating income)

563.70

431.30

30.70

1,644.60

1,297.40

26.76

1,822.00

1,497.30

21.69

OPM (%)

12.47

12.54

-7 bps

12.93

13.10

-16 bps

13.54

13.99

-45 bps

70.30

54.10

29.94

212.70

169.90

25.19

246.70

209.40

17.81

Other Inc.

8.50

10.60

-19.81

25.90

33.50

-22.69

42.20

33.70

25.22

PBIDT

78.80

64.70

21.79

238.60

203.40

17.31

288.90

243.10

18.84

Interest

2.00

1.30

53.85

3.70

3.60

2.78

6.10

5.00

22.00

PBDT

76.80

63.40

21.14

234.90

199.80

17.57

282.80

238.10

18.77

Depreciation

12.3

11.7

5.13

33.3

8.11

45.3

43.5

4.14

PBT

64.50

51.70

24.76

198.9

166.5

19.46

237.5

194.6

22.05

Share of Profit/(Loss) from Associates

2.7

1.7

58.82

6.6

5.6

17.86

7.8

6.4

21.87

PBT before EO

67.2

53.4

25.84

205.5

172.1

19.41

245.3

201

22.04

EO Income

PBT after EO

67.2

53.4

25.84

205.5

172.1

19.41

245.3

201

22.04

Taxation

17.1

14.4

18.75

51.7

45.3

14.13

62.6

51.6

21.32

PAT

50.1

28.46

153.8

126.8

21.29

182.7

149.4

22.29

Minority Interest (MI)

Net profit

50.1

28.46

153.8

126.8

21.29

182.7

149.4

22.29

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

50.1

28.46

153.8

126.8

21.29

182.7

149.4

22.29

EPS (Rs)*

14.39

11.20

28.46

44.18

36.43

21.29

52.48

42.92

22.29

* 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)

202309

202209

Var.(%)

% of (Total)

202309

202209

Var.(%)

% of (Total)

202212

202112

Var.(%)

Sales

Pumps

83.90

473.80

351.40

34.83

84.30

1,388.50

1,082.40

28.28

83.43

1,521.90

1,262.00

20.59

Valves

16.10

90.90

80.50

12.92

15.70

258.50

216.40

19.45

16.57

302.30

237.00

27.55

Others

0.00

Total Reported Sales

100.00

564.70

431.90

30.75

100.00

1,647.00

1,298.80

26.81

100.00

1,824.20

1,499.00

21.69

Less: Inter segment revenues

1.00

0.60

66.67

2.40

1.40

71.43

2.20

1.70

29.41

Net Sales

100.00

563.70

431.30

30.70

100.00

1,644.60

1,297.40

26.76

100.00

1,822.00

1,497.30

21.69

PBIT

Pumps

83.31

52.40

40.80

28.43

83.30

158.10

137.90

14.65

87.96

197.20

162.80

21.13

Valves

16.69

10.50

7.80

34.62

16.70

31.70

17.40

82.18

12.04

27.00

17.20

56.98

Others

0.00

Total PBIT

100.00

62.90

48.60

29.42

100.00

189.80

155.30

22.22

100.00

224.20

180.00

24.56

Less : Interest

2.00

1.30

53.85

3.70

3.60

2.78

6.10

5.00

22.00

Add: Other un-allcoable

6.30

6.10

3.28

19.40

20.40

-4.90

27.20

26.00

4.62

PBIT Margin(%)

Pumps

11.06

11.61

-55.12

11.39

12.74

-135.38

12.96

12.90

5.73

Valves

11.55

9.69

186.17

12.26

8.04

422.24

8.93

7.26

167.41

Others

0.00

PBT

100.00

67.20

53.40

25.84

100.00

205.50

172.10

19.41

100.00

245.30

201.00

22.04