Kirloskar Brothers advances after reporting decent Q4 results

Kirloskar Brothers rose 2.72% to Rs 272.20 at 13:49 IST on BSE after net profit rose 8.5% to Rs 16.94 crore on 14.1% increase in net sales to Rs 568.38 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 17 May 2017.

Meanwhile, the S&P BSE Sensex was down 108.98 points, or 0.36% at 30,549.79. The S&P BSE Small-cap index was down 148.84 points, 0.95% at 15,532.40.

On the BSE, 17,000 shares were traded on the counter so far as against the average daily volumes of 18,007 shares in the past one quarter. The stock had hit a high of Rs 280 and a low of Rs 268.35 so far during the day.

The stock had hit a 52-week high of Rs 297 on 7 April 2017 and a 52-week low of Rs 116.25 on 6 June 2016. The stock had underperformed the market over the past one month till 17 May 2017, declining 4.59% compared with the Sensex's 4.23% rise. The scrip had, however, outperformed the market over the past one quarter advancing 18.65% as against the Sensex's 7.69% rise.

The small-cap company has equity capital of Rs 15.88 crore. Face value per share is Rs 2.

Kirloskar Brothers is a pump manufacturing company with expertise in engineering and manufacture of systems for fluid management.

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