Net sales from Pump segment, which constitute about 77% of total sales, de-grew by 3% to Rs 162.87 crore. Net sales from Valves segment which constitute about 17% of total sales, grew by 23% to Rs 35.55 crore. PBIT for Pump segment for June'15 quarter de grew by 18% to Rs 19.64 crore on YoY basis. PBIT margin for the segment stood at 12.1% as compared to 14.4% for June'14 quarter. PBIT level for Valve segment stood at Rs 1.96 crore as compared to Rs 0.66 crore for the June'14 quarter. PBIT margin for Valve segment for June'15 quarter stood at 5.5%.

Performance for the 6 months ended June 2015

Net sales for the 6 months ended June'15 of the company stood at Rs 389.38 crore, up by 4% on YoY basis. OPM however was lower by 590 bps to 8.7%, thus resulted in an OP of Rs 34 crore down by 38% YoY. Other income stood at Rs 21.26 crore, up by 52%. With interest costs being up by 178% to Rs 1.39 crore and depreciation up by 3% to Rs 13.90 crore, PBT stood at Rs 39.97 crore, down by 27%. Total tax being down by 33% to Rs 11.34 crore, thus PAT for the 6 months ended June'15 stood at Rs 28.63 crore, down by 24%

Net sales from Pump segment, which constitute about 77% of total sales, grew by 1% to Rs 317.69 crore. Net sales from Valves segment which constitute about 17% of total sales, grew by 32% to Rs 68.76 crore. PBIT for Pump segment for 6 months ended June'15 de grew by 41% to Rs 28.75 crore on YoY basis. PBIT margin for the segment stood at 9% as compared to 15.4%. PBIT level for Valve segment stood at Rs 1.73 crore as compared to loss of Rs 2.32 crore for the 6 months ended June'14 PBIT margin for Valve segment stood at 2.5%.

Annual performance for the year ended Dec 2014

Net standalone Sales were higher by 10% to Rs 801.70 crore while with OPM lower by 140 bps, OP was lower by 1% to Rs 99.30 crore. Other income was up by 70% to Rs 27.52 crore. Interest costs was lower by 17% to Rs 2.15 crore and depreciation was up by 4% to Rs 27.55 crore. Thus, PBT stood at Rs 97.12crore, up by 11% YoY. After providing total tax of Rs 31.70 crore, PAT for the year ended Dec'14 stood at Rs 65.42 crore, up by 9% YoY.

Pumps segment reported net sales of Rs 664.14 crore, up by 10% YoY and Pumps business reported a 5% increase in net sales to Rs 128.36 crore. PBIT for Pumps segment stood at Rs 85.11 crore, up by 6% YoY and PBIT margin stood at 12.8% for the year ended Dec'14 as compared to PBIT margin of 13.3%. Loss at PBIT for Valve segment stood at Rs 1.66 crore as compared to profit at PBIT level for Valve segment at Rs 1.82 crore for the year ended Dec'13.

Annual Consolidated Performance for the year ended Dec 2014

Consolidated net sales were up by 10% to Rs 803.67 crore. With OPM being down by 30 bps to 12.6%, OP was lower by 1% to Rs 101.12 crore. Other income was up by 80% to Rs 22.86 crore. Interest costs was down by 17% to Rs 2.15 crore and deprecation was up by 4% to Rs 27.55 crore. Thus PBT was up by 10% to Rs 94.28 crore. After providing total tax of Rs 32.47 crore, Consolidated PAT for the year ended Dec'14 stood at Rs 61.81 crore, up by 8% YoY. During the year ended Dec'14, Profit from Associates company stood at Rs 6.62 crore as compared to Rs 9.64 crore for the year ended Dec'13. Thus PAT after profit from Associates for the year ended Dec'14 stood at Rs 68.43 crore, up by 3% YoY.

For the year ended Dec 2014, Consolidated net sales from Pump segment stood at Rs 666.11 crore, up by 10% and consolidated net sales from Valve segment stood at Rs 128.36 crore up by 5% YoY. PBIT from Pump segment stood at Rs 86.93 crore, up by 7% with PBIT margin stood at 13.1% vis a vis 13.5% for the year ended Dec'13. Loss at PBIT for valve segment stood at Rs 1.66 crore vis a vis a profit of about Rs 1.82 crore for the year ended Dec'13.

Promoters hold 66.42% of total share capital and none of them are pledged.

Proposed Expansion update:

KSB Pumps Ltd has informed BSE that the Company has plans to expand its operations in next few years by setting up new plant preferably near its existing location and is in the process of finalizing specific location and land for this purpose. The Company plans to undertake construction of the plant in a phased manner over next 5 years to achieve the required capacity. The commencement of commercial production is planned in a phased manner from year 2017 onwards. The Capital expenditure to be incurred over the phased expansion is estimated to be around Rs.250 Crores partly from internal generation and balance from borrowings.

The Proposed new facility will be utilized for Manufacturing of High End Engineered pumps for Super Critical Thermal Power Plants.

These products will be manufactured by the Company as a part of "Make in India" initiative under a technology transfer and license agreement with KSB AG, Germany.