KSB Pumps soars on strong Q4 earnings
The board of directors of the company has declared second interim dividend @ 45% i.e. Rs 4.50 per share on face value of Rs 10/- each.
KSB Pumps has soared over 8% to Rs 201 after reporting 21% year-on-year (YoY) jump in net profit at Rs 19.54 crore for the fourth quarter ended December 31, 2012 (Q4) despite of fall in operational income.
Total income from operations however declined by 13% to Rs 197 crore from Rs 227 crore in a year ago quarter, while total expenditure fallen by 15.2% to Rs 173 crore on YoY basis.
Meanwhile, the board of directors of the company has declared second interim dividend @ 45% i.e. Rs 4.50 per share on face value of Rs 10/- each.
The stock opened at Rs 190 and hit a high of Rs 203 on NSE. A combined 28,829 shares have changed hands on the counter so far on NSE and BSE.
Total income from operations however declined by 13% to Rs 197 crore from Rs 227 crore in a year ago quarter, while total expenditure fallen by 15.2% to Rs 173 crore on YoY basis.
Meanwhile, the board of directors of the company has declared second interim dividend @ 45% i.e. Rs 4.50 per share on face value of Rs 10/- each.
The stock opened at Rs 190 and hit a high of Rs 203 on NSE. A combined 28,829 shares have changed hands on the counter so far on NSE and BSE.