Kirloskar Brothers has opened a new plant at Coimbatore for manufacturing small pumps. The manufacturing facility spread over six acres is in Karumathampatti near Coimbatore and the plant has an installed capacity of 250,000 units of different models of domestic pumps in the first phase and 500,000 units in the second phase. The company expects this plant to provide a big boost to their efforts in addressing the fast growing market for small pumps in the Southern parts of India.
The company’ net profit declined by 65% at Rs 20.52 crore for the quarter ended March 31, 2011 against Rs 58.43 crore for the quarter ended March 31, 2010. The net sales / income from operations of the company stood at Rs 720.62 crore for the quarter ended March 31, 2011 against Rs 630.75 crore for the quarter ended March 31, 2010.
For the year ended March 31, 2011, the company has reported net profit of Rs 61.36 crore against Rs 117.51 crore for the year ended March 31, 2010, down 48%. The net sales / income from operations of the company stood at Rs 1941.79 crore against Rs 2017.83 crore for the year ended March 31, 2010.
Kirloskar Brothers is engaged in manufacturing pumps. It is as a part of $2.2 billion Kirloskar group. It is India’s largest manufacturer and exporter of pumps and valves. In January its board approved for Scheme of Amalgamation of company’s step down subsidiaries, Pressmatic Electro Stampings and Quadromatic Engineering with company’s wholly owned subsidiary - Hematic Motors.
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