KSB Ltd

KSB Ltd announced that its wholly-owned subsidiary, Pofran Sales and Agency Limited, has applied for voluntary strike-off with the Registrar of Companies, Pune. Pofran, incorporated in 2005, has been inoperative for the past seven years. Upon completion of the strike-off process, Pofran will cease to be a subsidiary of KSB Ltd. The company has provided details as per SEBI regulations, confirming that Pofran's inoperability means it contributed no turnover, revenue, income, or net worth in the last financial year, and thus, most disclosure requirements related to sale or disposal are not applicable.

KSB Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut for all directors, officers, designated persons, connected persons, and their immediate relatives from October 1, 2026, until 48 hours after the announcement of the unaudited financial results for the quarter ended September 30, 2026. The specific date for the board meeting to approve these results will be communicated later.

KSB Ltd has announced the resignation of Mr. Philip Varghese Puthenpurackal, Head – Corporate Quality, Integrated Management, Safety & Sustainability. His resignation is effective from the close of business hours on August 14, 2026. The company has provided the requisite disclosures as per SEBI regulations, citing personal reasons for the departure. The resignation letter has been enclosed as an annexure to the filing.

KSB Ltd has announced the construction of an additional shed at its Shirwal plant in Satara, Maharashtra, as a capacity expansion measure. The new shed, built on recently purchased adjacent land, will be used for manufacturing Project pumps, piping, painting, and packing. This expansion is driven by future business visibility in the Energy (Conventional and Nuclear) and Oil and Gas sectors. The existing capacity at Shirwal is around 1200 pumps per year with 90% utilization. The proposed capacity addition is estimated at 20%, expected to be operational by 2027, with an investment of INR 400 Million funded through internal accruals.

KSB Limited reported its financial results for the second quarter and half year ended June 30, 2026. The company highlighted consistent business growth and significant order wins across various sectors. Key achievements include securing the first LUV pumps order for the Gadarwara Power Project, an order for shutdown cooling pumps for the Kaiga Units 5 & 6 Nuclear Project, and an HP Valves package for NTPC projects. KSB also received a Letter of Intent from MSEDCL for 2000 solar pumps and secured orders for wind energy applications, data centres, the Nashik Municipal Corporation project, and HVAC pumps for the Delhi Metro Rail Project. Despite geopolitical uncertainties and margin pressures, KSB's Q2 FY26 performance showed improved momentum compared to the previous quarter, with revenue growth in the first half. The company remains focused on operational efficiency and maintaining a healthy order pipeline.

KSB Ltd has announced its unaudited financial results for the quarter and half-year ended 30th June 2026. The results were approved by the Board of Directors following a meeting that commenced at 12:20 p.m. IST and concluded at 02:45 p.m. IST. The accompanying Limited Review Report was issued by auditors M/s B S R & Co. LLP. The financial statements have been prepared in accordance with Indian Accounting Standard 34 and other accepted accounting principles, complying with SEBI Listing Regulations. The auditors stated that nothing came to their attention to suggest material misstatements in the accompanying statement.

KSB's consolidated PAT for the quarter ended 30 June 2026 came in at ₹57.2 Cr, down 18.8% YoY from ₹70.4 Cr, even as revenue from operations grew a modest 3.6% YoY to ₹690.7 Cr (₹666.7 Cr). Sequentially the print looks much stronger — PAT is up 43.7% QoQ and revenue up 14.9% QoQ off a seasonally soft March quarter — but per the YoY-primary read this is a weak quarter: profit growth trailed revenue growth by a wide margin, and both operating margin (11.8% vs 13.7% YoY) and net margin (8.2% vs 10.4% YoY) compressed. No analyst consensus estimates for this specific quarter were found in a web search, so the print cannot be benchmarked against Street numbers; vsStreet is marked unknown rather than guessed. The margin compression is not evenly spread across the business. Segment data shows the Pumps business held up reasonably well — revenue of ₹581.0 Cr (+5.4% YoY) and segment profit of ₹65.0 Cr, roughly flat on ₹64.0 Cr YoY (margin ~11.2% vs 11.6%). The real damage is in Valves: revenue fell 4.8% YoY to ₹110.7 Cr and segment profit collapsed to ₹4.5 Cr from ₹17.8 Cr a year ago — a margin compression from 15.3% to 4.1%. A ₹5.0 Cr YoY drop in 'other unallocable income' (₹2.4 Cr vs ₹7.4 Cr) and a rise in finance costs (₹1.4 Cr vs ₹0.7 Cr) added further drag; together these items account for almost the entire ₹17.5 Cr YoY decline in consolidated PBT. Against management's own guidance from the last concall — 15-20% pump-segment revenue growth for CY2026 and EBITDA margins sustained around 13-14% — this quarter falls short on both counts: pump growth of 5.4% YoY is well below the guided band, and consolidated OPM of 11.8% sits below the 13-14% target, consistent with management's flagged commodity-cost watchpoint. The quarter's other developments — the switch of statutory auditor from Price Waterhouse to B S R & Co. LLP, confirmed via an AGM addendum and a revised (unchanged-numbers) results intimation in April — are procedural and don't bear on the operating numbers. No company press release commentary was available at the time of this analysis, so management's own framing of the quarter could not be cross-checked against the figures. Standalone PAT was ₹59.6 Cr (EPS ₹3.43) versus consolidated ₹57.2 Cr (EPS ₹3.29); the ₹2.4 Cr gap arises because consolidation strips out a ₹7.4 Cr associate dividend booked as standalone other income and replaces it with a smaller ₹4.2 Cr equity-method share of the KSB MIL Controls associate's profit — not a divergence in the underlying operating story, since both bases show the same revenue and cost trends.

KSB Ltd has announced that its Board of Directors will convene on August 4, 2026, to consider and approve the Unaudited Financial Results for both standalone and consolidated operations for the quarter and half-year ended June 30, 2026. Concurrently, the company has implemented a trading window closure for its directors, officers, and designated persons, effective from July 1, 2026, until 48 hours after the financial results announcement.

KSB Ltd has announced the closure of its trading window for all directors, officers, designated persons, and connected persons. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be closed from July 1, 2026, until 48 hours after the announcement of the company's financial results for the quarter and half-year ended June 30, 2026. The date for the board meeting to approve these results will be communicated separately.

KSB Ltd has issued an addendum to the notice of its 66th Annual General Meeting (AGM), adding Business No. 6 and Business No. 7, which concern the appointment of Statutory Auditors. The AGM will be held on May 20, 2026, via video conferencing. The addendum includes the appointment of M/s B S R & Co. LLP as Statutory Auditors for a five-year term and to fill a casual vacancy following the resignation of Price Waterhouse Chartered Accountants LLP.