Total expense climbed 46.9% YoY to Rs 387.30 crore in Q2 FY23. Cost of raw material consumed stood at Rs 223.20 crore (up 71.7% YoY) and employee expenses stood at Rs 60.60 crore (up 20.5% YoY).

Pune-based KSB makes pumps, valves, systems and control valves. It has a presence across the country with its own sales and marketing companies, manufacturing facilities and service operations.