India's KSB falls nearly 8% on Q4 core profit contraction

KSB

10/05/2023 07:16

** Shares of KSB Ltd  KSBL.NS  fall as much as 7.77%,
biggest intraday pct loss in nearly three years, to 2,100.10
rupees
    ** Co, which manufactures power-driven pumps and industrial
values, reports contraction in core profit margins to 11.67% in
March quarter from 13.09% Y/Y 
    ** Net profit rises marginally to 409 mln rupees compared to
404 mln rupees Y/Y
    ** Revenue jumped over 17% to 4.90 bln rupees, total costs
rose 19%
    ** Trading volume of 110,741 shares as of 11:32 a.m. IST,
more than thrice the 30-day avg - Refinitiv data
    

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