KSB steady after registering outstanding growth in third quarter

Net Profit for Q3 was Rs393 million, 39% yoy higher. The sales volume of Rs3,681 million achieved for this quarter is 21% yoy higher.

November 18, 2021 2:58 IST | India Infoline News Service
Quarterly Results
KSB Limited registered the sales value for three quarters of 2021 for Rs10,527 million which is about a 26% increase over the previous year 3 quarters (Rs83,83 million). The sales volume of Rs3,681 million achieved for this quarter is a 21% increase over the previous quarter (Rs3,030 million), the company said in a filing on Thursday.

Net Profit for the nine quarters of calendar years from January to September increased 62% yoy to Rs1,087 million from Rs672 million in the previous nine months. Net Profit for Q3 was Rs393 million, 39% yoy higher from Rs283 million in the same quarter of last year.

The company achieved 14% ROS for the quarter. Orders on hand for about 7 to 8 months.

The company stock was in the green despite overall markets bloodbath on Thursday. At around 3.00pm, KSB Ltd was trading at Rs1,230 per piece up by Rs3.75 or 0.31% from its previous closing of Rs1,226.25 per piece on the BSE.
“Third quarter has shown a substantial growth of 21% in sales with respect to previous quarter and we have registered 26% increase in the cumulative sales for 3 quarters with respect to last year. The profits earned are lesser as compared to the corresponding quarter of the last year due to effect of commodity price increase which is now significantly reflecting upon the profit margins and also, due to the fact that we are investing in people by undertaking employee-related investments to boost their morale. We, with the current sales trend, are positive in regards to achieve the intended double-digit growth,” Farrokh Bhathena, Director Sales and Marketing, KSB Limited, said.

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