KSB Pumps Limited Reports Audited Standalone and Consolidated Earnings Results for the Full Year Ended December 31, 2016 and Standalone Earnings Results for the Fourth Quarter Ended December 31, 2016
February 20, 2017 at 06:42 am
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KSB Pumps Limited reported audited standalone and consolidated earnings results for the full year ended December 31, 2016 and standalone earnings results for the fourth quarter ended December 31, 2016. For the quarter, on standalone basis, the company reported total income from operations (net) of INR 2,512.2 million compared to INR 2,436.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 286 million compared to INR 344.4 million a year ago. Profit from ordinary activities before tax was INR 335.5 million compared to INR 396.1 million a year ago. Net profit was INR 229.8 million or INR 6.6 per basic and diluted share before and after extraordinary items compared to INR 243.5 million or INR 7.00 per basic and diluted share before and after extraordinary items a year ago.
For the nine months, the company reported total income from operations (net) of INR 8,270.2 million compared to INR 8,188.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 689.2 million compared to INR 763.5 million a year ago. Profit from ordinary activities before tax was INR 930.1 million compared to INR 1,054.9 million a year ago. Net profit was INR 617.6 million or INR 17.74 per basic and diluted share before and after extraordinary items compared to INR 698.3 million or INR 20.06 per basic and diluted share before and after extraordinary items a year ago.
For the year, on consolidated basis, the company reported total income from operations (net) of INR 8,279 million compared to INR 8,207.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 697.1 million compared to INR 781.6 million a year ago. Profit from ordinary activities before tax was INR 920 million compared to INR 1,004.8 million a year ago. Net profit was INR 653 million or INR 18.76 per basic and diluted share before and after extraordinary items compared to INR 687.3 million or INR 19.74 per basic and diluted share before and after extraordinary items a year ago.
KSB Limited is an India-based company, which is engaged in the business of manufacturing various types of power-driven pumps and industrial valves. The Company operates through three segments: Pumps, Valves, and KSB SupremeServ. The Pumps segment is engaged in manufacturing / trading of all types of pumps, which includes industrial pumps, submersible pumps, effluent treatment pumps and spares and services. The Valves segment is engaged in manufacturing and trading of industrial valves and spares and services. The KSB SupremeServ segment is engaged in covering all service and spare parts activities. It specializes in centrifugal end suction pumps, high pressure multistage pumps, industrial gate, globe, check valves, submersible motor pumps, monobloc and mini monobloc pumps, hydro pneumatic systems, and control valves. It has manufacturing plants in Pimpri, Chinchwad, Khandala, Vambori, Coimbatore and Sinnar.
KSB Pumps Limited Reports Audited Standalone and Consolidated Earnings Results for the Full Year Ended December 31, 2016 and Standalone Earnings Results for the Fourth Quarter Ended December 31, 2016