KSB Limited Reports Strong Financial Growth and Expansion into Green Hydrogen Industry
Key Ideas
  • KSB Limited's 2024 financial report shows a significant 12.7% year-on-year growth in total sales revenue, reaching ₹2,533 crore, with a 20.5% increase in Q4 2024.
  • The company declared a 200% dividend for its shareholders, reflecting strong financial performance and commitment to delivering returns.
  • Major achievements include technology advancements, product expansion, key orders secured, sustainability milestones, and securing orders in the Green Hydrogen industry.
  • Despite temporary project-based business slowdowns due to elections, KSB Limited has expanded into the Marine sector and Green Hydrogen industry, focusing on global growth and stability.
KSB Limited, based in Pune, India, unveiled its strong financial performance for 2024, showcasing notable achievements and growth. The company reported total sales revenue of ₹2,533 crore, demonstrating a robust 12.7% year-on-year increase. Additionally, in Q4 2024, KSB Limited achieved sales of ₹726.4 crore, marking a substantial 20.5% growth compared to the previous year. Recognizing its financial strength, the company declared a generous 200% dividend for its shareholders. In terms of business achievements, the company inaugurated a 220 MW Primary Coolant Pump Mechanical Seal Dynamic Test Facility and launched a new reciprocating plunger-type pump for the domestic market. KSB Limited also secured significant valve orders from BHEL and TSK Spain for power plant projects. The company received third-party certifications for sustainability efforts, including GHG emissions, Zero Waste to Landfill, and Zero Liquid Discharge. Noteworthy are the solar pump orders worth ₹403 crore and ₹204 crore secured from government-backed projects. Despite facing temporary slowdowns in project-based business due to elections, KSB Limited expanded into the Marine sector and the Green Hydrogen industry, securing breakthrough orders. Prashant Kumar, Vice President of Sales & Marketing at KSB Limited, emphasized the company's focus on standard business, exports, and global expansion to mitigate economic uncertainties and strengthen its presence in various sectors.
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