KSB Pumps, the Indian subsidiary of Klein Schanzlin & Becker (KSB), Germany for the quarter ended June 2012 has registered strong earnings growth (up 51% to Rs 17.46 crore) on a near flat sale (up 1% to Rs 189.86 crore). Sharp growth in bottom-line is largely on account of 570 bps jump in operating margin which lifted operating profit up by 80% to Rs 24.72 crore.
Half yearly performance
Sales stood at Rs 353.58 crore, up 0%. But the operating profit was up by 35% to Rs 38.68 crore as OPM expand by 280 bps (to 10.9%). Other income though stands higher by 27%, the interest cost and depreciation was higher by 371% and 7% respectively. Thus the PBT stood higher by 34% to Rs 35.95 crore. The taxation was up 41% to Rs 10.40 crore. Thus the net profit was up by 31% to Rs 25.55 crore.
Promoter share holding as end of June 2012 was unchanged at 66.80% compared to corresponding previous period as well as sequential previous period.
The stock hovers around Rs 199.
KSB Pumps : Results
KSB Pumps : Segment results