India's KSB jumps on strong quarterly results

KSB

28/02/2025 04:43

** Indian industrial machinery and equipment maker KSB KSBL.NS climbs as much as 8.1% to 658 rupees

** Stock last up 5.9%; on track to log biggest intraday pct gain in 10 months

** Co reported 33% y/y rise in December-quarter consol profit; rev grew ~21% y/y

** Rev from mainstay pumps business grew ~19%, valves segment's rev rose ~32%

** KSB also recommended a final dividend of 4 rupees  ($0.0458) apiece

** Stock eyes busiest trading session in 17 months, volumes at 28.5x the 30-day avg

** KSBL is top pct gainer on Nifty 500 index .NIFTY500, which is down 1.4%

** Year-to-date, KSBL, NIFTY500 down ~21%, 9%

($1 = 87.3520 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))