KSB Pumps, the Indian subsidiary of Klein Schanzlin & Becker (KSB), Germany has registered a earnings growth of 3% for the quarter ended March 2012 to Rs 8.09 crore. The revenue for the quarter though was lower by 1% to Rs 164.60 crore, the growth at bottomline was largely facilitated by nearly flat operating margin (up 10 bps to 9%), higher other income and lower tax incidence.
Sales were higher by 22% to Rs 751.25 crore and operating profit was down by 11% to Rs 74.08 crore as OPM contract by 370 bps (to 9.9%). Other income though stands higher by 9%, the interest cost and depreciation was higher by 425% and 6% respectively. Thus the PBT was lower by 16% to Rs 62.29 crore. The taxation was down 15% to Rs 19.31 crore. Thus the net profit was lower by 17% to Rs 42.98 crore.
Consolidated sales were up 22% to Rs 753.61 crore and with OPM contract to 10.2% (from 13.8% in CY2010) the operating profit was lower by 10% to Rs 76.51 crore. Eventually the net profit was lower by 16% to Rs 48.95 crore.
Promoter share holding as end of March 2012 was unchanged at 66.80% compared to corresponding previous period.
The stock hovers around Rs 226.95.
KSB Pumps : Results