KSB Pumps tanks after posting weak result
KSB Pumps standalone revenue for the quarter came in at Rs. 212.5 crore, registering 2.3 per cent yoy decline. This was primarily driven by 5.8 per cent decline in revenue of pumps which contributes more than 80 per cent to the total revenue.
EBITDA for the quarter fell by 2.5 per cent yoy to Rs. 19.8 crore. While EBITDA margin for the quarter remained flat at 9.3 per cent.
The PAT for the quarter came in at Rs. 11.2 crore, yoy decline of 15.8 per cent.
Post announcement of its earnings report, the stock of KSB Pumps tanks around 7 per cent and closed for the day Rs. 820 per share, down by 6.3 per cent.
KSB is one of the leading manufacturers of pumps and valves company. The company's products and services are used in process engineering and building services, water and waste water management, and in the energy and mining sectors.