Industrial Machinery company KSB announced Q1FY25 results:
- The sales revenue of Q1FY25 is Rs 646 crore, which is 9.3% higher than that of the corresponding Q1FY24
- Significant growth attained in distillery and vegetable oil sectors with new prestigious orders
- Valves division achieved highest sales of Rs 106.2 crore in Q1FY25 and highest Order Intake for H1CY24 worth Rs 231.5 crore
- TSG Regulation Audit carried out by CESI agency for China Export market for valves results in no major observation
- Spare parts for more products like MEGA & MEGACHEM added in E2E Webshop
- Received approval of KSB mechanical seal from major customers
- Bagged order worth Rs 8.6 crore for FGD pumps for Gujarat State Electricity Corp. (GSECL) - Wankbori
- Received order worth Rs 8.6 crore for combined cycle powerplant in Alexandroupolis, Greece and worth Rs 6.1 crore for Abu Dhabi Waste-to-Energy Power Plant
- Order worth Rs 6.3 crore received for Waste Water applications
- Nuclear Projects Division of KSB Limited (Shirwal Plant) credited with the distinguished ISO 19443:2018 certification
Summarizing the Q1FY25 performance, Prashant Kumar, Vice President of Sales and Marketing, KSB said, “With 9.3% increase in sales revenue, compared to Q1FY24, our growth momentum remains strong in Q1FY25. This growth is driven by significant order inflows from various segments.
Our contributions to the energy sector also remain robust as we continue to provide solutions that meet the industry's evolving needs. Furthermore, our efforts to enable online ordering have shown steady progress, with an increasing number of products and spares now available online.
In strengthening our Nuclear Projects Division, we have set new industry standards by becoming the first company in India’s pump industry to be accredited with ISO 19443:2018 certification. This exemplifies our commitment to upholding highest standards of safety, reliability, and regulatory compliance, crucial in the nuclear power sector.
Q1FY25 results have demonstrated our commitment and capacity to deliver on our strategic roadmap, and with our ongoing progress and strong pipeline, we will continue to achieve such stable and profitable growth.”