KSB Limited Reports Robust Q2 2024 Performance with 9.3% Sales Growth

KSB Limited has reported a 9.3% increase in Q2 2024 sales revenue, amounting to INR 646 crores. Notable successes include strong performance in the distillery and vegetable oil sectors, with significant new orders and the highest sales in the Valves division. The company also achieved ISO 19443:2018 certification.

KSB Limited, a leading pump and valve supplier, announced a 9.3% increase in Q2 2024 sales revenue, reaching INR 646 crores. This marks a significant rise compared to Q2 2023, driven by strong growth in the distillery and vegetable oil sectors, alongside prestigious new orders.

The Valves division posted its highest sales ever at INR 106.2 crores for Q2, with an order intake of INR 231.5 crores for the first half of the year. Furthermore, a TSG Regulation Audit by the CESI agency for the China Export market revealed no major issues, underscoring the division's robust performance.

In addition to traditional sales, KSB Limited expanded its E2E Webshop to include spare parts for products like MEGA and MEGACHEM. The company also secured major orders worth INR 8.6 crores each for FGD pumps from Gujarat State Electricity Corp. and a combined cycle powerplant in Greece, as well as INR 6.1 crores for an Abu Dhabi Waste-to-Energy Power Plant and INR 6.3 crores for Waste Water applications. The Nuclear Projects Division at the Shirwal Plant achieved ISO 19443:2018 certification, setting a new industry standard.

(With inputs from agencies.)