KSB

Sales up 4%, net down 19%

Consolidated net sales (including other operating income) of KSB has increased 3.60% to Rs 690.7 crore.  Operating profit margin has declined from 13.71% to 11.81%, leading to 10.72% decline in operating profit to Rs 81.60 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 45.86% to 44.23%.   Purchase of finished goods cost rose from 12.02% to 13.26%.   Employee cost increased from 12.20% to 13.60%.   Other expenses rose from 17.02% to 17.83%.   

Other income fell 56.78% to Rs 5.1 crore.  PBIDT fell 15.99% to Rs 86.7 crore.  Provision for interest rose 100% to Rs 1.4 crore.   PBDT fell 16.78% to Rs 85.3 crore.  Provision for depreciation rose 5.71% to Rs 14.8 crore.     Profit before tax down 20.34% to Rs 70.50 crore.  Share of profit/loss was 13.51% higher at Rs 4.2 crore.  Provision for tax was expense of Rs 17.5 crore, compared to Rs 21.8 crore.  Effective tax rate was 23.43% compared to 23.64%. Minority interest was nil in both the periods.  Net profit attributable to owners of the company decreased 18.75% to Rs 57.20 crore.  

• Sales of Pumps segment has gone up 5.41% to Rs 581.00 crore (accounting for 84.00% of total sales).  Sales of Valves segment has gone down 4.82% to Rs 110.70 crore (accounting for 16.00% of total sales).  Inter-segment sales rose Rs 0.80 crore to Rs 1.00 crore.  
• Profit before interest, tax and other unallocable items (PBIT) has slumped 15.04% to Rs 69.50 crore.  PBIT of Pumps segment rose 1.56% to Rs 65.00 crore (accounting for 93.53% of total PBIT).  PBIT of Valves segment fell 74.72% to Rs 4.50 crore (accounting for 6.47% of total PBIT).  
• PBIT margin of Pumps segment fell from 11.61% to 11.19%.  PBIT margin of Valves segment fell from 15.31% to 4.07%.  Overall PBIT margin fell from 12.25% to 10.05%.  

 For year-to-date (YTD) results analysis.

Net sales (including other operating income) of KSB has increased 2.37% to Rs 1292 crore.  Sales of Pumps segment has gone up 5.41% to Rs 1,080.50 crore (accounting for 83.52% of total sales).  Sales of Valves segment has gone down 10.68% to Rs 213.20 crore (accounting for 16.48% of total sales).  Inter-segment sales rose Rs 1.60 crore to Rs 1.70 crore.  

Profit before interest, tax and other unallocable items (PBIT) has slumped 17.87% to Rs 117.20 crore.  PBIT of Pumps segment fell 1.14% to Rs 104.30 crore (accounting for 88.99% of total PBIT).  PBIT of Valves segment fell 65.32% to Rs 12.90 crore (accounting for 11.01% of total PBIT).  

PBIT margin of Pumps segment fell from 10.29% to 9.65%.  PBIT margin of Valves segment fell from 15.58% to 6.05%.  Overall PBIT margin fell from 11.29% to 9.06%.  

Operating profit margin has declined from 12.61% to 10.25%, leading to 16.78% decline in operating profit to Rs 132.40 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 46.95% to 47.56%.   Purchase of finished goods cost rose from 10.57% to 11.57%.   Employee cost increased from 13.35% to 13.64%.   Other expenses rose from 17.29% to 18.02%.   

Other income fell 19.75% to Rs 19.5 crore.  PBIDT fell 17.18% to Rs 151.9 crore.  Provision for interest rose 33.33% to Rs 2 crore.  Loan funds rose to Rs 6.30 crore as of 30 June 2026 from Rs 4.60 crore as of 30 June 2025.  Inventories rose to Rs 961.00 crore as of 30 June 2026 from Rs 741.20 crore as of 30 June 2025.  Sundry debtors were higher at Rs 800.50 crore as of 30 June 2026 compared to Rs 685.60 crore as of 30 June 2025.  Cash and bank balance declined from Rs 316.70 crore as of 30 June 2025 to Rs 176.60 crore as of 30 June 2026.  Investments rose to Rs 96.40 crore as of 30 June 2026 from Rs 88.30 crore as of 30 June 2025 .  

PBDT fell 17.59% to Rs 149.9 crore.  Provision for depreciation rose 5.02% to Rs 29.3 crore.  Fixed assets increased to Rs 539.70 crore as of 30 June 2026 from Rs 484.20 crore as of 30 June 2025.  Intangible assets declined from Rs 21.90 crore to Rs 21.20 crore.  

Profit before tax down 21.69% to Rs 120.60 crore.  Share of profit/loss was 2.78% higher at Rs 7.4 crore.  Provision for tax was expense of Rs 31 crore, compared to Rs 39.2 crore.  Effective tax rate was 24.22% compared to 24.32%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company decreased 20.49% to Rs 97.00 crore.  

Equity capital stood at Rs 34.80 crore as of 30 June 2026 to Rs 34.80 crore as of 30 June 2025.  Per share face Value remained same at Rs 2.00.  

Promoters? stake was 69.80% as of 30 June 2026 ,compared to 69.80% as of 30 June 2025 .  

Cash flow from operating activities decreased to Rs 15.50 crore for YTD ended June 2026 from Rs 88.00 crore for YTD ended June 2025.  Cash flow used in acquiring fixed assets during the YTD ended June 2026 stood at Rs 59.10 crore, compared to Rs 43.00 crore during the YTD ended June 2025.  

Full year results analysis.

Net sales (including other operating income) of KSB has increased 6.42% to Rs 2695.7 crore.  Sales of Pumps segment has gone up 5.07% to Rs 2,215.00 crore (accounting for 82.03% of total sales).  Sales of Valves segment has gone up 13.13% to Rs 485.10 crore (accounting for 17.97% of total sales).  Inter-segment sales rose Rs 3.80 crore to Rs 4.40 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 19.69% to Rs 354.40 crore.  PBIT of Pumps segment rose 23.09% to Rs 284.70 crore (accounting for 80.33% of total PBIT).  PBIT of Valves segment rose 7.56% to Rs 69.70 crore (accounting for 19.67% of total PBIT).  

PBIT margin of Pumps segment rose from 10.97% to 12.85%.  PBIT margin of Valves segment fell from 15.11% to 14.37%.  Overall PBIT margin rose from 11.67% to 13.13%.  

Operating profit margin has jumped from 13.32% to 13.86%, leading to 10.67% rise in operating profit to Rs 373.50 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 46.80% to 45.70%.   Purchase of finished goods cost fell from 9.98% to 9.86%.   Employee cost increased from 12.20% to 13.06%.   Other expenses rose from 17.89% to 17.99%.   

Other income rose 60.87% to Rs 59.2 crore.  PBIDT rose 15.60% to Rs 432.7 crore.  Provision for interest rose 11.11% to Rs 3 crore.  Loan funds rose to Rs 5.20 crore as of 31 December 2025 from Rs 3.50 crore as of 31 December 2024.  Inventories rose to Rs 786.10 crore as of 31 December 2025 from Rs 642.80 crore as of 31 December 2024.  Sundry debtors were higher at Rs 869.20 crore as of 31 December 2025 compared to Rs 650.30 crore as of 31 December 2024.  Cash and bank balance declined from Rs 323.50 crore as of 31 December 2024 to Rs 283.40 crore as of 31 December 2025.  Investments rose to Rs 96.50 crore as of 31 December 2025 from Rs 87.80 crore as of 31 December 2024 .  

PBDT rose 15.64% to Rs 429.7 crore.  Provision for depreciation rose 7.37% to Rs 58.3 crore.  Fixed assets increased to Rs 531.30 crore as of 31 December 2025 from Rs 472.10 crore as of 31 December 2024.  Intangible assets increased from Rs 21.10 crore to Rs 22.20 crore.  

Profit before tax grew 17.05% to Rs 371.40 crore.  Share of profit/loss was 8.96% higher at Rs 14.6 crore.  Provision for tax was expense of Rs 90 crore, compared to Rs 83.2 crore.  Effective tax rate was 24.97% compared to 25.16%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 9.29% to Rs 270.50 crore.  

Equity capital stood at Rs 34.80 crore as of 31 December 2025 to Rs 34.80 crore as of 31 December 2024.  Per share face Value remained same at Rs 2.00.  

Promoters? stake was 69.80% as of 31 December 2025 ,compared to 69.80% as of 31 December 2024 .  

Cash flow from operating activities decreased to Rs 92.60 crore for year ended December 2025 from Rs 187.10 crore for year ended December 2024.  Cash flow used in acquiring fixed assets during the year ended December 2025 stood at Rs 93.60 crore, compared to Rs 100.60 crore during the year ended December 2024.  

KSB : Consolidated Results

Quarter ended Year to Date Year ended Particulars 202606 202506 Var.(%) 202606 202506 Var.(%) 202512 202412 Var.(%) Net Sales (including other operating income) 690.70 666.70 3.60 1,292.00 1,262.10 2.37 2,695.70 2,533.10 6.42 OPM (%) 11.81 13.71 -190 bps 10.25 12.61 -236 bps 13.86 13.32 53 bps OP 81.60 91.40 -10.72 132.40 159.10 -16.78 373.50 337.50 10.67 Other Inc. 5.10 11.80 -56.78 19.50 24.30 -19.75 59.20 36.80 60.87 PBIDT 86.70 103.20 -15.99 151.90 183.40 -17.18 432.70 374.30 15.60 Interest 1.40 0.70 100.00 2.00 1.50 33.33 3.00 2.70 11.11 PBDT 85.30 102.50 -16.78 149.90 181.90 -17.59 429.70 371.60 15.64 Depreciation 14.8 14 5.71 29.3 27.9 5.02 58.3 54.3 7.37 PBT 70.50 88.50 -20.34 120.6 154 -21.69 371.4 317.3 17.05 Share of Profit/(Loss) from Associates 4.2 3.7 13.51 7.4 7.2 2.78 14.6 13.4 8.96 PBT before EO 74.7 92.2 -18.98 128 161.2 -20.60 386 330.7 16.72 EO Income 0 0 - 0 0 - -25.5 0 - PBT after EO 74.7 92.2 -18.98 128 161.2 -20.60 360.5 330.7 9.01 Taxation 17.5 21.8 -19.72 31 39.2 -20.92 90 83.2 8.17 PAT 57.2 70.4 -18.75 97 122 -20.49 270.5 247.5 9.29 Minority Interest (MI) 0 0 - 0 0 - 0 0 - Net profit 57.2 70.4 -18.75 97 122 -20.49 270.5 247.5 9.29 P/(L) from discontinued operations net of tax 0 0 - 0 0 - 0 0 - Net profit after discontinued operations 57.2 70.4 -18.75 97 122 -20.49 270.5 247.5 9.29 EPS (Rs)* 3.29 4.05 -18.75 5.57 7.01 -20.49 16.63 14.22 16.92 * EPS is on current equity of Rs 34.81 crore, Face value of Rs 2, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

KSB : Consolidated Segment Results

Quarter ended Year to Date Year ended % of (Total) 202606 202506 Var.(%) % of (Total) 202606 202506 Var.(%) % of (Total) 202512 202412 Var.(%) Sales Pumps 84.00 581.00 551.20 5.41 83.52 1,080.50 1,025.00 5.41 82.03 2,215.00 2,108.10 5.07 Valves 16.00 110.70 116.30 -4.82 16.48 213.20 238.70 -10.68 17.97 485.10 428.80 13.13 Others 0.00 0.00 0.00 - Total Reported Sales 100.00 691.70 667.50 3.63 100.00 1,293.70 1,263.70 2.37 100.00 2,700.10 2,536.90 6.43 Less: Inter segment revenues   1.00 0.80 25.00   1.70 1.60 6.25   4.40 3.80 15.79 Net Sales 100.00 690.70 666.70 3.60 100.00 1,292.00 1,262.10 2.37 100.00 2,695.70 2,533.10 6.42 PBIT Pumps 93.53 65.00 64.00 1.56 88.99 104.30 105.50 -1.14 80.33 284.70 231.30 23.09 Valves 6.47 4.50 17.80 -74.72 11.01 12.90 37.20 -65.32 19.67 69.70 64.80 7.56 Others 0.00 0.00 0.00 - Total PBIT 100.00 69.50 81.80 -15.04 100.00 117.20 142.70 -17.87 100.00 354.40 296.10 19.69 Less : Interest 1.40 0.70 100.00 2.00 1.50 33.33 3.00 2.70 11.11 Add: Other un-allcoable 6.60 11.10 -40.54 12.80 20.00 -36.00 9.10 37.30 -75.60 PBIT Margin(%) Pumps   11.19 11.61 -42.34   9.65 10.29 -63.97   12.85 10.97 188.13 Valves   4.07 15.31 -1,124.02   6.05 15.58 -953.38   14.37 15.11 -74.38 Others   0.00 0.00 0.00 PBT 100.00 74.70 92.20 -18.98 100.00 128.00 161.20 -20.60 100.00 360.50 330.70 9.01

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