Kirloskar Pneumatic gallops after stellar Q4 result

Kirloskar Pneumatic Company jumped 17.16% to Rs 1,100 at 10:49 IST on BSE after net profit surged 168.55% to Rs 48.07 crore on 88.04% increase in total income to Rs 313.21 crore in Q4 March 2018 over Q4 March 2017.

The result was announced after market hours yesterday, 26 April 2018.

Meanwhile, the S&P BSE Sensex was up 255.85 points, or 0.74% at 34,969.45.

On the BSE, 56,000 shares were traded on the counter so far as against the average daily volumes of 40,000 shares in the past two weeks. The stock had hit a high of Rs 1,126.65 and a low of Rs 1,025 so far during the day. The stock had hit a 52-week high of Rs 1,315 on 5 May 2017 and a 52-week low of Rs 724 on 26 March 2018.

The small-cap company has equity capital of Rs 19.85 crore. Face value per share is Rs 10.

Kirloskar Pneumatic Company is engaged in the manufacture of compressors, gears and gear boxes. The company's segments include compression products and systems and transmission products.

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