Wednesday, October 29, 2008

KSB Pumps - Geojit

by Bharat Mudgal 0 comments



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KSB Pumps, one of the leading players in organized Pumps & Valves market, has reported fabulous performance for Q3 CY
2008. Net Sales rose by 26.4% to Rs. 141.17 crore (Rs. 111.71 crore) led by growth in all business segments – Pumps
turnover grew @ 28.4% to Rs. 108.5 crore (Rs. 84.49 crore), Valve business sales increased by 19.5% to Rs. 32.66 crore and
others by 26.1% to Rs. 9.85 crore. OPM% zoomed to 20.8% (11.4%) owing to some price rise to pass on RM cost hike and
operating leverage. Consequently, PBT jumped to Rs. 27.37 crore (Rs. 10.95 crore). Lower average tax rate of 32.3%
(36.7%) further lifted PAT up by whopping 167.4% to Rs. 18.53 crore (Rs. 6.93 crore).

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Bharat Mudgal
Analyst, stockMode Networks
India
bharatmudgal@stockMode.com

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