Kirloskar Brothers good Q4 results

Kirloskar Brothers surged 4.51% to Rs 289.90 at 14:30 IST on BSE after posting 43.4% rise in net profit to Rs 52.66 in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 289.90 and a low of Rs 280.50 so far during the day. The stock had a 52-week high of Rs 527 on 3 October 2007 and a 52-week low of Rs 206.40 on 24 March 2008.

The company’s current equity is Rs 21.15 crore. Face value per share is Rs 2.

The current price of Rs 289.90 discounts its Q4 March 2008 EPS of Rs 19.92, by a PE multiple of 14.55.

Kirloskar Brothers’ net sales rose 26.9% to Rs 569.01 crore in Q4 March 2008 over Q4 March 2007.

On 15 April 2008, Kirloskar Brother received a letter of intent for an order worth Rs 166.77 crore from Damodar Valley Corporation - Kolkata in respect of Koderma thermal power project.

On 1 April 2008, the company received a letter of intent for an order worth Rs 338.92 crore from the Government of Andhra Pradesh, Irrigation & CAD Department in respect of Rajiv Sagar Lift Irrigation project.

The company is engaged in manufacturing and selling pumps and compressors. Products of the group include power driven pumps, valves, anti corrosion products, electric motors, spares and others. The group operates in three segments, namely, pump, compressors and others.