Categories AlphaGraphs, Earnings

Banco Products (India) Ltd Q1FY24; 97% rise in Profits

Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications in both the domestic and international markets. It was Incorporated in 1961, promoted by Mr. Mehul K. Patel who has more than 40 years of experience in the automotive industry

Financial Results:

Banco Products (India) Ltd reported Revenues for Q1FY24 of ₹749.00 Crores up from ₹586.00 Crore year on year, a rise of 27.82%.

Total Expenses for Q1FY24 of ₹673.00 Crores up from ₹533.00 Crores year on year, a rise of 26.27%.

Consolidated Net Profit of ₹69.00 Crores up 97.14% from ₹35.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹9.62, up 98.76% from ₹4.84 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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