KSB (500249) Q4 2023 earnings summary

Executive summary

• FY2023 consolidated revenue was INR 22,472 million, net profit INR 2,087 million and EPS INR 59.97, all above FY2022 levels.

• Audited standalone and consolidated results received unmodified audit opinions; a final dividend of INR 17.5 per share was recommended, subject to shareholder approval.

Financial highlights

• Consolidated FY revenue was INR 22,472 million versus INR 18,220 million; profit before tax was INR 2,803 million versus INR 2,453 million.

• Consolidated FY net profit was INR 2,087 million versus INR 1,827 million; EPS was INR 59.97 versus INR 52.50.

• Q4 consolidated revenue was INR 6,026 million versus INR 5,246 million YoY; net profit was INR 549 million versus INR 559 million.

• Standalone FY net profit was INR 2,046 million versus INR 1,793 million; EPS was INR 58.78 versus INR 51.50.

Segment performance

• Pumps FY revenue was INR 18,968 million versus INR 15,219 million; segment results were INR 2,148 million versus INR 1,972 million.

• Valves FY revenue was INR 3,536 million versus INR 3,023 million; segment results were INR 451 million versus INR 270 million.