Banco Products India Q1 Results Live : Banco Products India declared their Q1 results on 09 Aug, 2024. The company reported a topline increase of 7.28% year-on-year (YoY), while profit saw a slight decrease of 0.2% YoY. This mixed performance is reflective of both growth and challenges faced by the company during this period.
Comparing to the previous quarter, the revenue grew by an impressive 11.05%, and the profit increased by 0.75%. This sequential improvement demonstrates the company’s resilience and capability to boost its financial performance quarter-over-quarter.
The Selling, General, and Administrative (SG&A) expenses declined by 3.58% quarter-over-quarter (QoQ), but they increased by 14.89% YoY. This suggests that while the company managed to control its costs in the short term, there has been a significant rise in these expenses compared to the same period last year.
Operating income showed robust growth, rising by 32.35% QoQ and 39.37% YoY. This substantial increase in operating income indicates that the company’s core business operations have been strong and efficient.
The Earnings Per Share (EPS) for Q1 stood at ₹9.6, which represents a slight decrease of 0.21% YoY. This marginal decline in EPS mirrors the slight dip in profit, affecting shareholder returns.
Banco Products India has experienced mixed stock market performance recently. The company has delivered a negative return of -8.64% over the last week, -3.66% over the last six months, but a positive 6.39% year-to-date (YTD) return. This volatility reflects varying investor sentiments and market conditions over different time frames.
Currently, Banco Products India has a market capitalization of ₹4863.27 Cr. The stock’s 52-week high is ₹799.15, and its 52-week low is ₹405.45. These figures highlight the range of market valuations and investor confidence levels over the past year.
Banco Products India Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 803.88 | 723.87 | +11.05% | 749.36 | +7.28% |
| Selling/ General/ Admin Expenses Total | 74.94 | 77.72 | -3.58% | 65.23 | +14.89% |
| Depreciation/ Amortization | 19.38 | 28.33 | -31.59% | 15.34 | +26.34% |
| Total Operating Expense | 690.43 | 638.15 | +8.19% | 667.96 | +3.36% |
| Operating Income | 113.45 | 85.72 | +32.35% | 81.4 | +39.37% |
| Net Income Before Taxes | 108.51 | 85.59 | +26.78% | 92.53 | +17.27% |
| Net Income | 68.67 | 68.16 | +0.75% | 68.81 | -0.2% |
| Diluted Normalized EPS | 9.6 | 9.53 | +0.73% | 9.62 | -0.21% |