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Results
15-Nov-24
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Analysis
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KSB
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Sales up 9%, net up 23%
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Consolidated net sales (including other operating income) of KSB has increased 9.37% to Rs 616.5 crore. Operating profit margin has jumped from 12.47% to 14.21%, leading to 24.61% rise in operating profit to Rs 87.60 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 49.37% to 45.50%. Purchase of finished goods cost rose from 7.68% to 10.68%. Employee cost increased from 11.84% to 12.29%. Other expenses fell from 18.87% to 18.01%. Other income fell 22.35% to Rs 6.6 crore. PBIDT rose 19.54% to Rs 94.2 crore. Provision for interest fell 70% to Rs 0.6 crore. PBDT rose 21.87% to Rs 93.6 crore. Provision for depreciation rose 11.38% to Rs 13.7 crore. Profit before tax grew 23.88% to Rs 79.90 crore. Share of profit/loss was 18.52% higher at Rs 3.2 crore. Provision for tax was expense of Rs 21.4 crore, compared to Rs 17.1 crore. Effective tax rate was 25.75% compared to 25.45%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 23.15% to Rs 61.70 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of KSB for nine month ended Sep 2024 has increased 9.86% to Rs 1806.7 crore.
Operating profit margin has jumped from 12.93% to 13.23%, leading to 12.41% rise in operating profit to Rs 239.10 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 48.37% to 46.76%. Purchase of finished goods cost rose from 8.26% to 10.09%. Employee cost increased from 12.04% to 12.51%. Other expenses fell from 18.58% to 17.67%. Other income rose 2.70% to Rs 26.6 crore. PBIDT rose 11.36% to Rs 265.7 crore. Provision for interest fell 37.84% to Rs 2.3 crore. PBDT rose 12.13% to Rs 263.4 crore. Provision for depreciation rose 10.83% to Rs 39.9 crore. Profit before tax grew 12.37% to Rs 223.50 crore. Share of profit/loss was 39.39% higher at Rs 9.2 crore. Provision for tax was expense of Rs 58.3 crore, compared to Rs 51.7 crore. Effective tax rate was 25.05% compared to 25.16%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 13.39% to Rs 174.40 crore. Promoters’ stake was 69.80% as of 30 September 2024 ,compared to 66.69% as of 30 September 2023 .
| KSB : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202409 | 202309 | Var.(%) | 202409 | 202309 | Var.(%) | 202312 | 202212 | Var.(%) |
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| Net Sales (including other operating income) | 616.50 | 563.70 | 9.37 | 1,806.70 | 1,644.60 | 9.86 | 2,247.20 | 1,822.00 | 23.34 | | OPM (%) | 14.21 | 12.47 | 174 bps | 13.23 | 12.93 | 30 bps | 13.07 | 13.54 | -47 bps | | OP | 87.60 | 70.30 | 24.61 | 239.10 | 212.70 | 12.41 | 293.60 | 246.70 | 19.01 | | Other Inc. | 6.60 | 8.50 | -22.35 | 26.60 | 25.90 | 2.70 | 32.30 | 42.20 | -23.46 | | PBIDT | 94.20 | 78.80 | 19.54 | 265.70 | 238.60 | 11.36 | 325.90 | 288.90 | 12.81 | | Interest | 0.60 | 2.00 | -70.00 | 2.30 | 3.70 | -37.84 | 5.30 | 6.10 | -13.11 | | PBDT | 93.60 | 76.80 | 21.87 | 263.40 | 234.90 | 12.13 | 320.60 | 282.80 | 13.37 | | Depreciation | 13.7 | 12.3 | 11.38 | 39.9 | 36 | 10.83 | 49.7 | 45.3 | 9.71 | | PBT | 79.90 | 64.50 | 23.88 | 223.5 | 198.9 | 12.37 | 270.9 | 237.5 | 14.06 | | Share of Profit/(Loss) from Associates | 3.2 | 2.7 | 18.52 | 9.2 | 6.6 | 39.39 | 9.4 | 7.8 | 20.51 | | PBT before EO | 83.1 | 67.2 | 23.66 | 232.7 | 205.5 | 13.24 | 280.3 | 245.3 | 14.27 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 83.1 | 67.2 | 23.66 | 232.7 | 205.5 | 13.24 | 280.3 | 245.3 | 14.27 | | Taxation | 21.4 | 17.1 | 25.15 | 58.3 | 51.7 | 12.77 | 71.6 | 62.6 | 14.38 | | PAT | 61.7 | 50.1 | 23.15 | 174.4 | 153.8 | 13.39 | 208.7 | 182.7 | 14.23 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 61.7 | 50.1 | 23.15 | 174.4 | 153.8 | 13.39 | 208.7 | 182.7 | 14.23 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 61.7 | 50.1 | 23.15 | 174.4 | 153.8 | 13.39 | 208.7 | 182.7 | 14.23 | | EPS (Rs)* | 3.55 | 2.88 | 23.15 | 10.02 | 8.84 | 13.39 | 11.99 | 10.50 | 14.23 | | | * EPS is on current equity of Rs 34.81 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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