Quarter Ended: March 2026

KSB Limited – Q4 FY26 Results

NSE

ksb

BSE

500249

KSB reported a sharp QoQ decline in both revenue and profitability, although YoY performance remains stable. Pumps segment continues to dominate, but operational slowdown is visible in Q4.

key financial highlights

Revenue from Operations:
- Revenue (Q4 FY26): ₹601.3 Cr
  - QoQ Change: -23.3%
  - YoY Change: +1.0%
- Previous Quarter (Q3 FY26): ₹784.0 Cr
- Previous Year (Q4 FY25): ₹595.4 Cr
Profit After Tax (PAT):
- PAT (Q4 FY26): ₹39.8 Cr
  - QoQ Change: -50.9%
  - YoY Change: -22.9%
- Previous Quarter (Q3 FY26): ₹81.0 Cr
- Previous Year (Q4 FY25): ₹51.6 Cr
QoQ Performance
- Revenue Trend: Decline
- Profit Trend: Sharp decline

Margin Analysis

Drivers:

Significant drop in operating leverage due to lower revenue
Higher cost absorption pressure
Decline in segment profitability (especially Pumps)
Reduced contribution from associate income

Insight:

Margins have contracted sharply QoQ, indicating operational inefficiencies in the quarter

Segment performance

Segment: Pumps

Revenue: ₹499.5 Cr
Insights:
- Core segment (~83% contribution)
- Sequential decline from ₹656.9 Cr
- Major contributor to profit

Segment: Valves

Revenue: ₹102.5 Cr
Insights:
- Smaller segment (~17%)
- Stable but limited growth
- Lower profitability contribution

Segment insight

Summary:

KSB remains heavily dependent on the Pumps segment, with limited diversification benefits from Valves

Charcateristics:

Industrial demand-driven business
High dependency on capex cycles
Pumps dominate both revenue and profits
Moderate diversification

Earning quality check

Drivers:

Core operating earnings remain primary driver
No major exceptional income in Q4
Associate income contribution present but limited

Interpretations:

Earnings quality is stable, but performance volatility suggests cyclical demand impact

key risks

High dependency on industrial and infrastructure capex
Earnings volatility due to cyclical demand
Margin pressure during low utilization periods
Limited segment diversification

Financial metrics table

Particular	Q4 FY26	Q.O.Q	Y.O.Y
Revenue	₹601.3 Cr	-23.3%	+1.0%
Total Expense	₹565.6 Cr	-15.7%	+4.2%
Net Profit	₹39.8 Cr	-50.9%	-22.9%

KSB’s Q4 performance reflects a clear slowdown with sharp QoQ declines in both revenue and profitability. While YoY growth remains stable, margin compression and cyclical weakness are evident. The business remains fundamentally strong but is currently facing short-term demand pressure

Official Exchange Filing: KSB Limited

Quarterly Performance Context

COST OF OPERATIONS AS % OF REVENUE

94%

NET PROFIT AS % OF REVENUE

FISCAL YEAR

2025-2026

AUDIT STATUS

REVIEWED