Pune, Maharashtra: KSB Limited, a global leader in pumps, valves, and systems, announced robust financial performance for the calendar year 2024, underscoring its strong market presence in India. Driven by innovative technology and a steadfast commitment to quality service, KSB achieved remarkable year-on-year (YoY) growth and made significant strides across multiple business segments.
Key Financial Highlights:
- Annual Revenue: KSB Limited reported total sales revenue of INR 2,533 crores in 2024, marking an impressive 12.7% increase over INR 2,247.2 crores in 2023.
- Q4 Performance: Revenue for Q4 2024 surged by 20.5%, reaching INR 726.4 crores, compared to INR 602.6 crores in the same quarter of the previous year.
- Dividend Declaration: Reflecting the company's robust financial health, KSB announced a substantial dividend payout of 200%, highlighting consistent profitability and investor confidence.
Major Achievements of 2024:
- New Facility Inauguration: KSB inaugurated the Dynamic Test Facility for the 220 MW Primary Coolant Pump Mechanical Seal at its EPD plant, with the ceremony conducted by the Nuclear Power Corporation of India Ltd. (NPCIL) team.
- Product Innovations: The company launched a new reciprocating plunger-type pump specifically designed for the domestic market, broadening its product portfolio.
- Significant Orders Received: KSB secured major valve orders from Bharat Heavy Electricals Limited (BHEL) for the NTPC Talcher Power Plant, and from TSK Spain for the Andres-1 Power Plant project.
- Strong ESG Commitments: Reinforcing its environmental credentials, KSB Limited achieved certification and third-party assurances for Greenhouse Gas (GHG) emissions, along with Zero Waste to Landfill (ZWL) and Zero Liquid Discharge (ZLD) statuses.
- Renewable Energy Milestones: The company obtained significant solar pump orders valued at INR 204 million each from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) and Maharashtra Energy, as well as Dakshin Gujarat Vij Company, under various government schemes.
Detailed Business Performance (INR Crores):
| Particulars | Q4 2024 (Oct-Dec) | Q4 2023 (Oct-Dec) | Jan-Dec 2024 | Jan-Dec 2023 |
|---|---|---|---|---|
| Sales Revenue | 726.40 | 602.60 | 2,533.10 | 2,247.20 |
| Expenses | 628.00 | 521.70 | 2,195.60 | 1,953.60 |
| Operating Profit | 98.40 | 80.90 | 337.50 | 293.60 |
| Operating Margin (%) | 13.55% | 13.43% | 13.32% | 13.07% |
| Other Income | 10.20 | 6.50 | 41.50 | 36.30 |
| Interest | 0.40 | 1.60 | 2.70 | 5.30 |
| Depreciation | 14.40 | 13.70 | 54.30 | 49.70 |
| Profit Before Tax | 93.80 | 72.10 | 322.00 | 274.90 |
Strategic Outlook:
Commenting on the stellar performance, Prashant Kumar, Vice President - Sales and Marketing at KSB Limited, stated,About KSB Limited:
Established in India in 1960, KSB Limited is a part of the globally recognized KSB SE & Co. KGaA, renowned for advanced pumps, valves, and system solutions. The company's extensive product range serves diverse sectors including power, oil and gas, building services, process engineering, water treatment, and water transport. Its dedicated in-house research center excels in hydraulics, sealing technology, materials, production technology, and automation.Today, the KSB Group employs over 15,000 professionals globally and generates annual consolidated revenue exceeding two billion Euros, maintaining a presence across all continents through dedicated manufacturing, sales, and service operations.
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