{"id":26217,"date":"2023-11-10T08:18:02","date_gmt":"2023-11-10T08:18:02","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2023\/11\/10\/ksb-limited-registers-31-growth-in-the-third-quarter-jul23-to-sept23\/"},"modified":"2023-11-10T08:18:02","modified_gmt":"2023-11-10T08:18:02","slug":"ksb-limited-registers-31-growth-in-the-third-quarter-jul23-to-sept23","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2023\/11\/10\/ksb-limited-registers-31-growth-in-the-third-quarter-jul23-to-sept23\/","title":{"rendered":"KSB Limited registers 31% growth in the third quarter- Jul\u201923 to Sept\u201923"},"content":{"rendered":"
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Pune (Maharashtra) [India], November 10<\/strong>: KSB Limited, one of leading pumps and Valves manufacturer in India recorded a growth of 31% in the third quarter compared to previous year.<\/p>\n

-The sales value of\u00a0INR 5,637 million\u00a0achieved for this quarter is\u00a031%\u00a0increase over the previous year<\/a><\/p>\n

-The Sales value for 3 quarters of 2023 is\u00a0INR 16,446 million\u00a0which is about\u00a027%\u00a0increase over the same period last year<\/p>\n

-CBE Valves division\u00a0recorded highest ever\u00a0Order Intake YTD 2023 \u2013 INR\u00a03173 Million<\/p>\n

-Nuclear Business \u2013 bagged order worth\u00a0INR 551 million\u00a0for Auxiliary pumps from\u00a0Nuclear Power Corp. of India<\/p>\n

-Received LOA (order acceptance) of\u00a0278 Million INR\u00a0and\u00a012 Million INR\u00a0respectively from UP & Haryana Govts. under\u00a0PM \u2013 KUSUM\u00a0scheme\u00a0<\/p>\n

-Export Business \u2013 INR\u00a0205 Million export order\u00a0from Tecnimont SPA, Italy and\u00a0INR 149 Million\u00a0order from\u00a0Kinetics Technology SpA Greek for\u00a0LPG extraction and Oil refinery projects\u00a0respectively.<\/p>\n

-Breakthrough orders in defence segment\u00a0from BBM Acoustic India Pvt. Ltd. worth\u00a028.5 Million INR\u00a0(Ship), and MoD, Indian Navy, Indigenization Unit worth\u00a06.1 Million INR\u00a0(submarine)<\/p>\n

\u00a0 \u00a0 \u00a0 Business Highlights\u00a0<\/a><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (All amounts in INR million)<\/p>\n

Summarising the Q3\u201923 performance,\u00a0Mr. Farrokh Bhathena,\u00a0Vice President of Sales and Marketing, KSB Limited said, \u201cIn the third quarter of 2023, KSB achieved outstanding Year on Year sales growth of 31% and witnessed a cumulative increase of 27% in sales over the past three quarters compared to last year. Our performance during this period was exceptional, marked by significant developments. We are determined to maintain this momentum, fuelled by a robust order intake in Q3 2023.\u00a0We remain optimistic about the demand situation as a consistent upward trend is seen in our export business, which will strengthen our position in the global market. Additionally, our Solar division has witnessed significant growth, propelling us toward a future focused on attaining sustainable solutions.\u00a0We have also successfully implemented e-sales tools across our facilities which will enhance operational efficiency and profitability. Moving ahead, KSB reaffirms its commitment to excellence, sustainability, and creating lasting value for all stakeholders.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Pune (Maharashtra) [India], November 10: KSB Limited, one of leading pumps and Valves manufacturer in India recorded a growth of 31% in the third quarter compared to previous year. -The … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":26218,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[448],"class_list":["post-26217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/26217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=26217"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/26217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/26218"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=26217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=26217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=26217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}