India's Kirloskar Brothers jumps 14% on robust Q4 results

Kirloskar Brothers

11/05/2023 09:22

** Shares of Kirloskar Brothers Ltd  KRBR.NS  surge as much
as 14.41% to 482.80 rupees, highest since July 2021
    ** The company, which makes pumps for irrigation and
industrial purposes, reports 83% rise in consolidated net profit
in March quarter at 1 bln rupees  urn:newsml:reuters.com:*:nFWN3780PZ
    ** Revenue from operations up 18% Y/Y at 11.25 bln rupees;
core profit jumps 53% to 1.45 bln rupees
    ** Reports expansion in core profit margin to 12.89% in Q4
vs 9.94% in the corresponding period a year ago
    ** Co also approves a dividend of 4.50 rupees per share
    ** Trading volume is 1.38 mln shares as of 1:35 p.m. IST,
nine times the 30-day avg - Refinitiv data
    

    ($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))