ICICI Securities Ltd | Retail Equity Research KSB Pumps (KSB) reported a robust Q4CY17 performance. The impressive showing was witnessed in both pumps & valves segment Total operating income in Q4CY17 came in at | 328.2 crore, up 30.6% YoY. Pumps division reported sales at | 276 crore, up 34.1% YoY while valves division reported sales at | 52 crore, up 19.4% YoY EBITDA margins for the quarter came in at 12.9% (down 153 bps YoY) mainly due to higher than anticipated raw material costs. The...