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Stock jumps 6% after reporting 33.1% YoY increase in net profits

Prominent industrial pump and valve manufacturer reported a 33.1% YoY rise in net profit to ₹73.1 crore, with revenue up 20.6% to ₹726.4 crore and total income increasing 20.9%, reflecting strong growth.
Stock Surges 6% as Net Profit Rises 33.1% YoY, Signaling Strong Quarterly Performance
Stock Surges 6% as Net Profit Rises 33.1% YoY, Signaling Strong Quarterly Performance

Introduction:

Leading industrial pump and valve manufacturer posted strong Q3 2024 results, with net profit rising 33.1% YoY to ₹73.1 crore. Revenue grew 20.6% YoY to ₹726.4 crore, while total income surged 20.9%, reflecting strong operational performance and business expansion.

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Also Read: IT stock jumps after it supplies aviation software to Philippine Airlines, Inc.

Share price movement of KSB:

On February 28, 2025, KSB Ltd opened at ₹635.00, up 4.23% from its previous close of ₹609.25. The stock reached a high of ₹658.00 (7.99%) and a low of ₹625.90. By 10:16 AM, it traded at ₹646.85, a 6.17% increase, with a market cap of ₹11,257.73 crore.

KSB Limited Reports Strong Q3 Growth:

KSB Limited reported a 33.1% YoY and 18.5% QoQ increase in net profit for Q3 2024, reaching ₹73.1 crore. The strong profitability growth reflects the company’s operational efficiency and sustained demand across its key business segments.

Revenue from operations surged 20.6% YoY to ₹726.4 crore in Q3 2024, compared to ₹602.6 crore in Q3 2023. On a QoQ basis, revenue rose 17.8% from ₹616.5 crore in Q2 2024, highlighting steady expansion and robust business performance.

Total income grew 20.9% YoY to ₹736.6 crore in Q3 2024, up from ₹609 crore a year ago. Sequentially, it increased 18.2% from ₹623.1 crore in Q2 2024, reinforcing the company’s consistent growth momentum and strong financial position.

Stock performance of KSB for Period of 1 week, 6 months and 1 year:

KSB Ltd witnessed a 5.2% decline over the past week, reflecting short-term market pressure. Over six months, the stock dropped 34.5%, indicating significant weakness. On a yearly basis, it fell 16.9%, highlighting ongoing challenges despite recent positive momentum.

Also Read: Cable stocks: Why have Polycab, KEI and other cable stocks fallen 20% today?

Shareholding pattern of KSB:

ParticularsDec 2024Sep 2024Jun 2024
Promoter69.80%69.80%69.80%
FII5.30%5.40%5.40%
DII10.60%10.20%10%
Public14%15%14.70%
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About KSB:

KSB Ltd (NSE: KSB) manufactures industrial pumps, including end suction, high-pressure multistage, submersible motor, and monoblock pumps. It serves agriculture, wastewater treatment, energy, oil and gas, and other industries with high-quality, value-added solutions for diverse applications.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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