KSB Limited announced its unaudited financial results for the quarter ended March 31, 2026, reporting revenue growth alongside margin pressures. The Board also approved the appointment of new statutory auditors following the resignation of the incumbent firm.

Q4 Financial Performance

The company delivered revenue growth in Q4FY26 but faced profitability challenges that impacted margins. Revenue from operations increased to ₹6,013 million from ₹5,954 million in the corresponding quarter of the previous year.

The revenue growth demonstrates the company's ability to maintain top-line expansion. However, the decline in profitability indicates operational challenges that compressed margins.

Profitability Analysis

The standalone results show a contraction in profitability metrics. Profit before tax declined to ₹500 million from ₹655 million, while net profit decreased to ₹373 million from ₹490 million year-on-year.

The increase in total expenses to ₹5,656 million from ₹5,424 million contributed to the margin compression, with cost of materials consumed rising to ₹3,581 million from ₹3,057 million.

Consolidated Performance

On a consolidated basis, the company reported a profit of ₹398 million for Q4FY26 compared to ₹516 million in the previous year. The consolidated results include the performance of subsidiary Pofran Sales and Agency Limited and associate KSB MIL Controls Limited.

Statutory Auditor Transition

The Board took note of the resignation of Price Waterhouse Chartered Accountants LLP effective April 30, 2026. The firm confirmed no concerns were raised during their tenure. Based on the Audit Committee's recommendation, the Board approved the appointment of B S R & Co. LLP as Statutory Auditors to fill the casual vacancy.

The appointment is subject to approval by shareholders at the ensuing Annual General Meeting scheduled on May 20, 2026. The outgoing auditor had been associated with the company since April 2017.

Business Segment Overview

KSB Limited operates through two primary business segments - Pumps and Valves. The Pumps segment reported revenue of ₹4,995 million in Q4FY26, while the Valves segment contributed ₹1,025 million. The combined segment performance reflects the challenging market conditions during the quarter.

KSB Limited Board of Directors accepted the resignation of M/s Price Waterhouse Chartered Accountants, LLP as statutory auditor during a meeting held on April 30, 2026. The resignation was tendered by the Pune-based firm following a management request to appoint auditors affiliated to the intermediate holding company outside India.

Auditor Transition Details

The Board noted that there were no concerns or reasons of any nature highlighted by the outgoing auditor with respect to their resignation. Price Waterhouse Chartered Accountants, LLP was initially appointed at the Annual General Meeting held on April 26, 2017, for five consecutive financial years from January 1, 2017 to December 31, 2021. The firm was subsequently re-appointed at the Annual General Meeting held on May 11, 2022, for a second term of five consecutive financial years from January 1, 2022 to December 31, 2026.

New Auditor Appointment

Based on the recommendation of the Audit Committee and subject to the approval of the members of the company, the Board approved the appointment of M/s B S R & Co. LLP as the new statutory auditor to fill the casual vacancy caused by the resignation. The appointment is subject to shareholder approval at the Ensuing Annual General Meeting scheduled to be held on May 20, 2026.

The Board has recommended the appointment of M/s B S R & Co. LLP for a term of five years to hold office from the conclusion of the 66th Annual General Meeting till the conclusion of the 71st Annual General Meeting. B S R & Co. LLP was constituted on March 27, 1990, as a partnership firm and converted into a limited liability partnership on October 14, 2013.

Firm Profile and Compliance

B S R & Co. LLP is a member entity of B S R & Affiliates, a network registered with the Institute of Chartered Accountants of India, with over 4000 staff and 170+ Partners across 14 locations. Prior to resignation, Price Waterhouse issued its audit report dated February 25, 2026, on the standalone and consolidated financial statements for the year ended December 31, 2025, and the limited review report dated April 30, 2026, on the unaudited standalone and consolidated financial results for the quarter ended March 31, 2026.

The Board Meeting commenced at 12 p.m. (IST) and concluded at 2.45 p.m. (IST). The Board and the Audit Committee placed on record their appreciation for the continuous support provided by M/s Price Waterhouse Chartered Accountants, LLP during their tenure as the Statutory Auditor of the company. The information regarding the change in auditors will be hosted on the company's website at www.ksbindia.co.in .