Results - Announcements
Banco Products (India) Ltd share price softened by 3.46% to Rs 598.5. The Company's net profit saw a strong growth of 35.13% to Rs 165.37 crore, while revenue from operations improved marginally 7.06% to Rs 1256.21 crore in Q2FY27 over Q2FY26.
The market capitalization of Auto Components & Equipments industry group stocks on BSE stood at Rs 12.67 lakh crore, gaining 9.65%. It has inched up 5.05% over last one week and edged lower by 0.74% in last one month while the market capitalization of Banco Products (India) Ltd has improved by 4.35% and 12.75% in the same period respectively.
Profit before tax (PBT) of Banco Products (India) Ltd stood at Rs 225.77 crore in Q2 FY27, surging by 29.23% year-on-year, and rallying 26.40% quarter-on-quarter. EBITDA came in at Rs 257 crore, jumping 183.09% YoY and expanding by 23.83% sequentially.
Total expenses saw a slight increase of 3.16% to Rs 1037.59 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 665.48 crore, witnessing a sharp rise of 22.34% YoY, while employee benefits expense was at Rs 132.04 crore, inching up 4.09% YoY.
For FY26, revenue from operations surged 21.34% to Rs 3867.43 crore, while net profit jumped 22.94% to Rs 481.68 crore, compared to previous FY. EBITDA witnessed a strong improvement of 60731% to Rs 582.58 crore, and PBT witnessed a strong rise of 20.58% to Rs 644.16 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 380.29 crore in FY26, as against Rs 164.3 crore in FY25.
Banco Products (India) Ltd crashed 24.64% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.74% during the same period.