KSB pumps good Q4

about 6 months ago
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KSB Ltd, which was earlier known as KSB Pumps posted a great set of earnings for Q4FY21. The company, on a 49% (YoY) jump in consolidated revenue from operations at Rs.382 crore, posted a 4 times increase in net profit at Rs.44 crore. Sequentially, profit was up 38% but revenue was flat, up by around just 3%.

The company ended FY21 on a not-so-good note as the lockdown in the first half took a toll on the numbers. Its net profit for the fiscal was at Rs.11 crore v/s 94 crore in FY20.

The company is debt free with interest outgo for the year at less than even Rs.1 crore.

In the current second wave, the company, which is located in Pune, said that most of its  manufacturing facilities and offices at various locations are under temporary shutdown from April 23, 2021 up to May 1, 2021, which may now get further extended till 15th May. The Management said that it has made an assessment of liquidity, recoverable values of its financial and non-financial assets and has concluded that there are no material adjustments required in the consolidated financial results. However, the impact assessment of COVID-19 is a continuous process, given the uncertainties associated with its nature and duration.

The stock has reacted positively to these numbers, opening 4.5% higher at Rs.918 and rose further to Rs.944.80, which is not too far from its 52-week high of Rs.953.40. Volumes are up over 2.5 times.

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