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Shares of pump and valve manufacturer Kirloskar Brothers climbed up sharply on Tuesday on strong quarterly numbers reported after the trading hours yesterday.
The company’s net profit jumped to Rs 36 crore in Q4 of 2014-15 against a loss of Rs 7.12 crore reported in Q3 of 2014-15.
Its sales for the fourth quarter ended March 31, 2015 also went up by nearly 36 per cent to Rs 535.37 crore, according to the company release to the BSE yesterday.
At 1.25 pm, the stock surged nearly 13 per cent to Rs 209.75 after hitting an intraday high of Rs 218. Traded volumes were to the tune of 56,000 shares on the BSE at the time of reporting this news.
Similarly on the NSE, the company’s shares were quoted higher by 12.75 per cent at Rs 210.80 on a volume of 1.90 lakh shares.
The company’s board has recommended a dividend of Re 0.50 per equity share (25 per cent) subject to the approval of its shareholders.
Kirloskar Brothers is a renowned pump manufacturing company with expertise in engineering and manufacturing of systems for fluid management.
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