KBL aims 22% rise in turnover

New Delhi, Aug 3: Leading pump maker Kirloskar Brothers Ltd (KBL) has targeted a 22 per cent rise in turnover at Rs 550 crore this fiscal, but said its profits were likely to remain flat.

“We will record a turnover of Rs 550 crore against Rs 450 crore last fiscal. Profits should remain flat at about Rs 18-20 crore,” associate vice-president (strategic business group head) GJ Karandikar said here. He said additional cost pressure has affected profits in the last two years, although the company has aimed at a higher turnover growth this year, against 10-12 per cent in the last two fiscals by increasing exports, launching new products and opening dealers in new areas like North-East India.

-- PTI