Hot Pursuit     23-Feb-12
KSB Pumps gallops on strong Q4 earnings
KSB Pumps jumped 5.69% at Rs 253.35 at 11:39 IST on BSE after net profit rose 35% to Rs 16.20 crore on 30.8% increase in net sales to Rs 226.36 crore in Q4 December 2011 over Q4 December 2010.

The result was announced after trading hours on Wednesday, 22 February 2012.

Meanwhile, the BSE Sensex was down 38.02 points, or 0.21%, to 18,107.23.

On BSE, 27,047 shares were traded in the counter as against an average daily volume of 2,657 shares in the past one quarter.

The stock hit a high of Rs 266 and a low of Rs 237.50 so far during the day. The stock had hit a 52-week low of Rs 141.50 on 21 December 2011. The stock had hit a 52-week high of Rs 295 on 31 March 2011.

The stock had outperformed the market over the past one month until 22 February 2012, spurting 40.50% compared with the Sensex's 8.40% rise. The scrip had also outperformed the market in past one quarter, rising 35.58% as against 12.95% rise in the Sensex.

The small-cap company has an equity capital of Rs 34.81 crore. Face value per share is Rs 10.

KSB Pumps' net profit declined 16.7% to Rs 42.98 crore on 22.7% increase in net sales to Rs 746.64 crore in the year ended March 2011 over the year ended March 2010.

The board of KSB Pumps has recommended a final dividend of Rs 3 per share.

KSB Pumps manufactures water pumps and industrial valves.

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