Pune: KSB Limited delivered nearly 19% revenue growth in the July-September quarter (KSB Q3 FY 2026), but rising expenses and lower other income weighed on profitability.
KSB Q3 FY 2026 performance reflects this divergence, with standalone sales increasing to ₹772.70 crore while profit after tax (PAT) declined 12% year-on-year to ₹57.20 crore.
The pump and valve manufacturer reported standalone sales of ₹772.70 crore in Q3 FY 2026, compared with ₹649.60 crore in the corresponding quarter of the previous year, registering an 18.95% increase.
However, profit before tax (PBT) declined 13.90% to ₹75.60 crore from ₹87.80 crore in Q3 FY 2025. Statutory standalone profit after tax also fell 12% to ₹57.20 crore.
The contrasting movement in revenue and profitability points to increasing cost pressure during the quarter. KSB’s total expenses increased approximately 22% year-on-year to ₹707.90 crore from ₹580.30 crore.
In absolute terms, the company added approximately ₹123 crore in sales compared with the year-ago quarter, while its expenses increased by around ₹128 crore.
This meant that the increase in expenditure exceeded the additional revenue generated during the period.
Other income also declined to ₹10.80 crore from ₹18.50 crore in the corresponding quarter last year. Consequently, the PBT margin contracted to 9.8% from 13.5%.
The KSB Q3 FY 2026 results therefore show that higher business activity has not yet translated into improved profitability.
KSB Q3 FY 2026: Nine-Month Revenue Grows 8%, PBT Declines 18%
The profitability pressure was also visible in the company’s performance during the first nine months of 2026.
Between January and September 2026, KSB Limited reported sales of ₹2,064.70 crore, representing an 8% increase over ₹1,911.70 crore recorded during the corresponding period of 2025.
However, PBT declined to ₹203.50 crore from ₹248.50 crore, registering a fall of approximately 18%.
The nine-month PBT margin stood at 9.9%, compared with 13% in the corresponding period of the previous year.
The quarterly performance, meanwhile, showed an improvement in sales compared with the preceding quarter. Revenue increased approximately 12% from ₹690.70 crore in April-June 2026 to ₹772.70 crore in July-September 2026.
However, PBT moved in the opposite direction, declining from ₹77.90 crore in Q2 FY 2026 to ₹75.60 crore in Q3 FY 2026.
This indicates that although KSB recorded sequential revenue growth, profitability remained under pressure.
KSB Q3 FY 2026: Major Orders From Dangote, ONGC and Kaiga Nuclear Power Project
Alongside its financial performance, KSB highlighted a series of project orders secured during the quarter across the petrochemical, refinery, fertiliser, nuclear power and energy sectors.
The company received multiple orders from domestic and international customers for refinery and fertiliser projects.
Among the notable wins were an order from Dangote for an upcoming fertiliser project and an order from Oil and Natural Gas Corporation (ONGC) for replacement pumps.
Another significant development was a major order for the Kaiga Nuclear Power Plant Units 5 and 6.
In the energy segment, KSB secured orders for boiler feed pumps and condensate extraction pumps from various original equipment manufacturers (OEMs) and contractors across domestic and export markets.
The company also reported valve orders for multiple projects, including the NPP Recovery Boiler Project, Andritz Technologies, BPCL Bina Refinery and other major OEMs.
Its spare parts business recorded orders for descaling pumps from customers in eastern India. KSB also received an order from Adani Power for the servicing and repair of boiler circulation pumps.
While these orders indicate demand across multiple industrial and infrastructure segments, the company’s Q3 FY 2026 release does not disclose their individual contract values, execution schedules or expected revenue contributions.
Consequently, the financial impact of these project wins and their contribution to the quarter’s sales growth cannot be determined from the disclosed information.
KSB Management on Q3 Performance and Order Book
Prashant Kumar, Vice President – Sales and Marketing, KSB Limited, said: “The diverse mix of orders secured this quarter highlights KSB’s strong positioning across process industries, energy, infrastructure and specialised project businesses.
From petrochemical and LNG projects to refinery expansion and nuclear power applications, these orders reflect both the strength of our offerings and the confidence customers place in KSB.
We remain focused on delivering the value to our customers through reliable products, technical excellence and responsive service.”
Mahesh Bhave, Chief Financial Officer at KSB Limited, acknowledged the pressure on margins while highlighting the company’s revenue growth during the first nine months of 2026.
“Business momentum remained positive, with sales growth continuing during the first nine months of 2026. While margins remained under pressure, we continue to focus on operational efficiency, cost discipline and execution.
Recent orders won in the energy sector, across both domestic and export markets, support a positive business outlook.”
