KSB Limited reports robust 9.37% revenue growth in Q3 2024, launches new innovations

KSB Limited, a prominent supplier of pumps, valves, and systems, reported a remarkable 9.37% year-on-year increase in revenue for the third quarter of 2024. The company achieved a sales value of ₹616.5 crore for the period between July and September, up from ₹563.7 crore in the same quarter last year. For the first nine months of 2024, the sales reached ₹1,806.7 crore, reflecting a year-to-date growth of 9.86% compared to 2023.

The company’s Vice President of Sales and Marketing, Prashant Kumar, described the performance as “satisfactory,” particularly highlighting achievements in the energy segment. Kumar also praised the company’s stellar employee engagement score, which ranked it among the top four globally within the KSB Group.

Robust Financial Performance

KSB Limited reported an operating profit of ₹87.6 crore for the quarter, representing a 24.6% increase from ₹70.3 crore in Q3 2023. Operating profit margins improved to 14.21% from 12.47% during the same period last year. Year-to-date, the company achieved an operating profit of ₹239.1 crore with a profit after tax (PAT) of ₹171.0 crore.

The performance was driven by an increase in orders and improved operational efficiencies. A significant boost came from securing orders worth ₹43 crore for solar pumps, showcasing KSB’s alignment with sustainable energy initiatives.

Product Innovations and Operational Excellence

The quarter was marked by strategic milestones, including the launch of the VT Pump at the IFAT Expo in Mumbai, aimed at expanding KSB’s product portfolio. The company also enhanced its manufacturing capabilities by installing an advanced electropolishing facility to improve corrosion resistance and product quality.

Furthermore, KSB implemented a Mobile Warehouse Management System, improving real-time inventory visibility and data accuracy. The adoption of advanced planning tools has optimised production tracking, enabling on-time delivery and improved decision-making.

Expert Insights

Industry experts noted KSB Limited’s focus on digital transformation as a key driver of its growth. By implementing cutting-edge technologies in manufacturing and logistics, the company has not only improved efficiency but also positioned itself as a leader in innovation. Analysts believe that such initiatives will contribute to sustained growth in the long term, especially as global demand for sustainable energy solutions continues to rise.

Commitment to Employees and Sustainability

The company also celebrated a milestone in employee engagement, achieving an impressive 88% score in its KSB Voice Survey. This underscores a strong organisational culture and alignment towards shared goals. Additionally, KSB remains committed to sustainability, with significant investments in green technology such as solar-powered systems.

Looking Ahead

With robust financial performance, innovative product launches, and a focus on digital transformation, KSB Limited is poised to sustain its growth trajectory. Kumar emphasised the company’s commitment to “pursuing excellence, driving innovation, and delivering lasting value to stakeholders.”