KSB Pumps posted a set of flat numbers for Q1 ended 31^st March 2014 ( 31^st Dec year ending). Its net sales came in at Rs.172 crore, up 5% (YoY) and net profit came in flat at Rs.15 crore v/s Rs.16 crore (YoY). Its pumps sector did well, with revenue rising 9% and EBIT up 41% but valves remained subdued, with 11% drop in its revenue and loss of Rs 3 crore on EBIT level. Its operating costs rose 5%, led by raw material, depreciation and employee costs. Yet, the diminution of interest costs, from Rs.68 lakh in previous Q1 to a mere Rs.18 lakh in current Q1 bodes well for the company, indicating a nearly debt free status.

KSB Pumps is one of the leading suppliers of pumps and valves in India. The company products have an application across a wide spectrum of industries which makes it the key beneficiary in case of a turnaround in the economy, especially the infra sector. A good financial performance and a good management, puts KSB is a good light in current turbulent times. Promoters holding as at 31^st March 2014 stood at 66.42% of which 40.54% is held by Canadian Kay Pump Ltd., of Toronto, Canada which is the holding company for certain overseas manufacturing companies associated with KSB, Germany.  Pahrapur Cooling Towers holds 4.18% stake. Total institutional holding is at 15.12%.