KSB Limited Reports Robust Q2 2024 Revenue Growth
KSB Limited reported a 9.3% increase in Q2 2024 sales revenue at INR 646 crores, driven by significant growth in the distillery and vegetable oil sectors. The Valves division hit record sales of INR 106.2 Crores. The company also secured several high-value orders and received ISO 19443:2018 certification.
KSB Limited has reported a 9.3% boost in its Q2 2024 sales revenue, reaching INR 646 crores, compared to the corresponding period last year. This increase is attributed to substantial growth in the distillery and vegetable oil sectors, alongside new prestigious orders.
The Valves division celebrated its best-ever sales at INR 106.2 crores for Q2, and the highest order intake for H1 amounting to INR 231.5 crores. Notably, the CESI agency's TSG Regulation Audit for the China export market for valves recorded no major observations. Additionally, new products such as the MEGA & MEGACHEM have been added to the E2E Webshop, further enhancing KSB's online offerings.
Significant orders were also secured, including INR 8.6 crores for FGD pumps for Gujarat State Electricity Corp. and INR 6.1 crores for the Abu Dhabi Waste-to-Energy Power Plant. The Nuclear Projects Division achieved a key milestone by obtaining ISO 19443:2018 certification, a first in India's pump industry, underlining KSB's commitment to safety and regulatory compliance.
(With inputs from agencies.)