Earnings | Banco Products (India) Ltd (NSE: BANCOINDIA): Q4FY23 Results Out; Total Income rises 21% YoY.

Banco Products (India) Ltd is a well-established company that specializes in the manufacturing and supply of engine cooling modules and systems for automotive and industrial applications. With a presence in both domestic and international markets, Banco Products has become a trusted provider of high-quality cooling solutions. The company was incorporated in 1961 and has been promoted by Mr. Mehul K. Patel, a highly experienced individual with over 40 years of expertise in the automotive industry. Banco Products’ success is driven by its commitment to delivering reliable and efficient cooling solutions that meet the demands of its customers worldwide.
• Banco Products (India) Ltd reported Total Income for Q4 FY23 of ₹612 Crore up from ₹506 Crore year on year, a growth of 21%.
• Total Expenses for Q4 FY23 of ₹538 Crore up from ₹463 Crore year on year, a growth of 16%.
• Consolidated Net Profit of ₹51 Crore, up 27% from ₹40 Crore in the same quarter of the previous year.
• The Earnings per Share is ₹7.14, up 27% from ₹5.62 in the same quarter of the previous year.