Skip to content
Saturday, June 28
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
The Prime Media

The Prime Media

Just another WordPress site

The Prime Media

The Prime Media

Just another WordPress site

  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
Trending Now
  • Digital Twin: The Doorway to Smart Manufacturing
  • Meet SURAJ SINGH MAS: The Producer Creating Purpose-Driven Stories in Indian Cinema
  • From Snacks to Celebrations: The Camy & Celejor Story
  • Excellent NEET Academy Records Highest Medical Seat Selections in Dharwad for NEET 2025
  • Unlocking Opportunities: Your Guide to Business Setup in Dubai
  • Ralla Bella Dancing Super Star – Season 7 All Set to Light Up Visakhapatnam by Pace Creators Dance Academy
Home>>Business>>KSB Limited registers outstanding sales revenue of INR 2247 Crores for the year 2023
Business

KSB Limited registers outstanding sales revenue of INR 2247 Crores for the year 2023

March 8, 2024

Pune (Maharashtra) [India], March 8: The sales revenue of 2023 is registered as INR 2247 crores which is a 23.3% increase over the previous year • The sales revenue of quarter four recorded 14.9% growth, compared to same period last year, closing the quarter with sales revenue of INR 602.6 crores • Received Valves – Export order of INR 17.5 crores • Received 1st breakthrough order for reciprocating pumps • Received order worth INR 17 crores for FGD (Flue Gas Desulfurization) • Received export orders worth INR 15.5 crores in Energy segment • Received first order of FM package firefighting pumpsets and of indigenized KRT pumps • Received LOE from MSEDCL for Solar Pumping System under PM-KUSUM Scheme in Maharashtra and successfully installed first 43 no’s of Solar System in PM-KUSUM Scheme in Haryana state.

Business Highlights

                                                                                                   (All amounts in INR      Crores)

Summarizing on the business highlights, Mr. Prashant Kumar, Vice President of Sales and Marketing, KSB Limited said, “This year we have registered an exceptional sales revenue with 23.3% YoY growth. We have also observed an increase in order inflow from all segments, including Energy, Solar, Valves, General Industry, Water & Wastewater, and Building Services, and with our success driven approach, we are ready to penetrate deeper in all our segments in the upcoming year. Continuing our upward trend in export business, we are maintaining a consistent and growing global presence. In the foreseeable future, we are also optimistic of exploring progressive business opportunities in the defence sector.” 

Mr. Mahesh Bhave, Chief Financial Officer, said that the Company, has delivered a good performance despite continued market uncertainties. With a 23.3% increase in sales revenue, the Company could achieve 20.00% growth in total comprehensive income amounting to INR 207 crores. These results are a testament to the dedication and agility of our team, who successfully navigated the headwinds. And we are pleased to give a good return on healthy profit achieved for the year FY 2023, to our shareholders by declaring a dividend of INR 17.5 per share (175%). 

Mr. Bhave also apprised with further ESG updates. He highlighted that the Company has entered into partnership with Sunsure Energy, which will support to achieve our sustainability goals by offsetting a major chunk of our overall CO₂ emissions demonstrating our commitment to ensuring a cleaner and healthier future. 70-75% of our power consumption will be green power after this project is implemented. It will enable the Company to source clean energy to offset around 221 million kgs of CO₂ over the next 25 years, which is equivalent to planting 3.5 Lakh trees. For social commitment the Company has employed specially-abled personnel and we are also extensively working on enhancing Gender Diversity. 

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.

Related tags : Business

Previous Post

International Women’s Day: Introducing Inspiring Women Leaders, Shaping the Future

Next Post

Introducing Inspiring Women Leaders on International Women’s Day 2024

Related Articles

Business

Are we finally heading towards an eternal youth with reverse-ageing?

Business

Illuminating the Path of Progress and Social Equity

Business

Aarna empowering freelancers and startups with coworking spaces in Jaipur

Business

HYD7AM.com announces a writing competition for authors to celebrate Azadi Ka Amrit Mohatsav

Business

Vivaa Tradecom Ltd’s Rs. 7.99 crore SME IPO opened for subscription on 27 September

Recent Posts

  • Digital Twin: The Doorway to Smart Manufacturing
  • Meet SURAJ SINGH MAS: The Producer Creating Purpose-Driven Stories in Indian Cinema
  • From Snacks to Celebrations: The Camy & Celejor Story
  • Excellent NEET Academy Records Highest Medical Seat Selections in Dharwad for NEET 2025
  • Unlocking Opportunities: Your Guide to Business Setup in Dubai

Recent Comments

    © 2025 The Prime Media | WordPress Theme Ultra News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • Education
    • Sports
    • Press Release