KSB Pumps posted a set of very good numbers for third quarter ended 30^th Sept 2014. On a 11% (YoY) rise in net sales at Rs.188 crore, the company reported a 38% jump in net profit at Rs.18 crore. There has been a 12% drop in raw material costs. Overall operating costs, as a percentage of total sales came down from 90% to 88% (YoY). Finance cost is negligible at less than Rs,1 crore for the quarter, indicating a vey low debt profile. The company is sure to end CY14 on a much higher note as its net profit in H1FY14 was already at Rs.49 crore v/s Rs.58 crore for CY14, and there is one more quarter to go.

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 30th Sept 2013 stood at 66.80% 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.