February 5, 2023
Mr. Farrokh Bathena- Director Sales and Marketing, KSB Limited

KSB Limited announces results of quarter first of 2022!!

Read Time:1 Minute, 58 Second
  • The Sales value for Q1 2022 is registered at INR 4,177 million which is about a 9% increase over the corresponding quarter of 2021
  • Achieved ROS of 13% for the quarter
  • Operating profit margin continues to be at 13%

Business Highlights

(All amounts in INR million)

Particulars Q1 (Jan’22-Mar’22) Q1 (Jan’21-Mar’21) Q4 (Oct’21-Dec’21) Jan’21 -Dec’21
Sales 4,177 3,816 4,446 14,973
Expenses 3,630 3,196 3,882 12,879
Operating Profit 547 620 564 2,094
OPM % 13% 16% 13% 14%
Other Income 95 72 82 364
Interest 9 7 19 50
Depreciation 105 108 110 435
PBT 528 575 517 1,973
Net Profit 390 425 379 1,466

Summarizing the Q1’22 performance, Mr. Farrokh Bhathena, Director of Sales and Marketing, KSB Limited said “This quarter we have recorded the highest ever quarterly order intake which is 54% higher than the corresponding quarter of 2021. Our sales achieved for the quarter are 9% higher than that of the corresponding Q1 2021 quarter.

The market is gradually rolling back to the pre-covid times favouring faster market movement and business activities. A good number of project orders were received for petrochemical/chemical segment and water wastewater segment, we also recorded good growth in agriculture segment compared to Q1’21“.

Major Highlights

  • The Business activities are steadily coming back to normalcy
  • Export Orders in Q1 2022 up 54% compared to the corresponding period of last year
  • New shed inaugurated at KSB Limited Sinnar plant.
  • Mechanical Seal repair facility inaugurated at Chinchwad
  • Solar Pumps Certification for MNRE completed

Mr. Milind Khadilkar, Chief Financial Officer is pleased to share the Strategy 2024 formed by the Company. Accordingly, the Company has a target to achieve of Order intake of INR 2,500 Crores, Sales INR 2,200 Crores and ROS of 13% by the end of year 2024. He continued to state that, the strategies focus on new products, new markets, operational excellence, solar business, export business, Digitalisation etc.

Digitalization being one of the important pillars to achieve the Strategy 2024, Mr. Khadilkar informed top Digitalization initiatives of the Company as following:

  1. Sales Initiatives: Project Cost Information System, Dealer Management Portal
  2. Operations Initiatives: MIS Automation, Machine Monitoring & Model Workstations
  3. IT Initiatives: Cloud Adoption, Data Classification, and Data loss prevention
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.

WhatsApp Image 2022-05-28 at 10.27.31 AM Previous post Stratefix Consulting helps textile giants Sumicot Ltd. & Madhusudan Group transform their HR functions/departments
Nat Geo_ Legendary Big Cats Next post With Legendary Big Cats, I got an opportunity to bring a little bit of my own personality to an all-new series on Nat Geo Wild; says Indian actor and director Samuthirakani