Banco Products (India) Ltd Share Price – NSE  / BSE

Auto Ancillaries, Small Cap

The Board of Banco Products (India) at its meeting held on 13 November 2024 has approved bonus issue in ratio of 1:1.

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On a consolidated basis, net profit of Banco Products (India) surged 109.8% to Rs 138.70 crore on 23.8% increase in net sales to Rs 888.81 crore in Q2 September 2024 over Q2 September 2023.

Profit before tax stood at Rs 197.09 crore in the Q2FY25, up 89.4% YoY and up 81.63% QoQ.

Total expenses rose 14.5% to Rs 689.21 crore in Q2 FY25 over Q2 FY24. During the quarter, cost of materials consumed stood at Rs 538.66 crore (up 78.4% YoY) while employee benefits expense was at Rs 82.01 crore (up 24.1% YoY).

Net cash flow from operating activities decreased to Rs 65.71 crore for the six months ended September 2024, compared to Rs 261.20 crore for the same period in 2023.

The company's board has recommended issue of bonus shares in the ratio of 1:1 i.e. one new fully paid-up equity share for every each existing fully paid-up equity share. The record date will be intimated separately by the company.

Banco Products (India) is a leading provider of engine cooling and sealing solutions for automotive and industrial applications.

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Net profit of Banco Products (India) rose 109.80% to Rs 138.70 crore in the quarter ended September 2024 as against Rs 66.11 crore during the previous quarter ended September 2023. Sales rose 23.81% to Rs 888.81 crore in the quarter ended September 2024 as against Rs 717.91 crore during the previous quarter ended September 2023.

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Banco Products (India) will hold a meeting of the Board of Directors of the Company on 13 November 2024

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