Excellent demands in all sectors, orders worth Rs 1300 crores by the end of January: Rajiv Jain, MD, KSB Ltd

KSB limited, one of the leading suppliers of pumps, valves, and services, outperformed in the stock market even in today's bad market. The company hits a century as the stock price is almost Rs 100 after the result was announced.

Rajiv Jain, Managing Director at KSB shared his views on the company's performance in a popular TV show ‘News Par Views', where he talked with Zee Business Managing Editor and Market Guru Anil Singhvi and said excellent demand is emerging in all sectors. The company received orders worth Rs 1300 crores by the end of January 2022.

The results were announced on February 24, 2022, and revenue has increased by 20%. Profit of work has gone down by 25%, from 75 crores to 65 crores. Whereas profits have increased by 23% and margin reduced from 20% to around 12.75%.

Talking about the pressure on the margin, Jain said, commodity prices have been under pressure, which has impacted the performance. However, in 2020, the overall performance was better than the previous year.

There were two factors that had an impact on the company's profit margin. The first is the commodity price, and the second is that a large export order for around 8-10 crores was shipped out last quarter.

Good demands are coming in all sectors, the Managing Director, while talking about demands, said. The recovery phase has started continuously from the second half of 2021 and the average order intake per month is also increasing and has been steady in the months of 2022 -January and February.

For now, order intake is Rs 1300 crores by the end of January, which is the order in-hand situation of almost 8-9 months.

For More Details Watch Full Video Here:

#NewsParViews

सभी सेक्टर्स में अच्छी डिमांड आ रही है, जनवरी अंत तक कंपनी के पास 1300 करोड़ के ऑर्डर्स : राजीव जैन, MD, KSB लिमिटेड@AnilSinghvi_ | @KSBcompany #StockMarkets pic.twitter.com/4hJqbjV9mo

— Zee Business (@ZeeBusiness) February 28, 2022