KSB posts 38 per cent revenue and PAT growth in Q2FY19
KSB Ltd. reported its results for the quarter ended September 30, 2018 after market hours today. The standalone numbers were largely good as compared to the same period last year.
KSB Ltd standalone revenue for the quarter came in at Rs. 283.9 crore, registering an increase of 38 per cent YoY. This was primarily driven by volume growth in pumps segment, which saw growth of almost 50 per cent over the same period last year. Its EBITDA for the quarter rose by 35.4 per cent YoY to Rs. 35.6 crore, with a corresponding margin contraction of 25 bps. The EBITDA margin for the quarter stood at 12.5 per cent .
The net profit for the quarter came in at Rs 16.1 crore as compared to Rs 11.60 crore for same period last year showing an increase of 38.8 per cent YoY . The PAT margin for the period stood at 5.67 which is almost the same when compared to last year.
The stock on October 31, 2018, closed at Rs 790, a decline of more than 1 per cent.