Banco Products (India)'s Q1 FY 2025-26 Quarterly Results

Result Summary

• Banco Products (India) Ltd reported a 34.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 22.1%.
• Its expenses for the quarter were up by 27.1% QoQ and 17.5% YoY.
• The net profit increased 60.7% QoQ and increased 59.5% YoY.
• The earnings per share (EPS) of Banco Products (India) Ltd stood at 7.66 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Banco Products (India) Ltd is a company that operates primarily in the automotive component industry. The company is known for manufacturing and distributing engine cooling modules and engine sealing gaskets. These products are critical for vehicle engine performance and efficiency. Banco Products has a significant presence in both domestic and international markets, catering to original equipment manufacturers as well as the aftermarket segment. Any recent major developments related to Banco Products are not available from the provided data, and further specific details regarding recent changes or strategic initiatives are not disclosed in the available dataset.

Revenue

In Q1FY26, Banco Products reported a total income of ₹983.85 crores, a notable increase from ₹730.31 crores in Q4FY25. This represents a quarter-over-quarter (QoQ) growth of 34.7%. When compared to the same quarter of the previous financial year, Q1FY25, where the total income was ₹805.97 crores, the year-over-year (YoY) growth stands at 22.1%. This revenue growth reflects the company's capacity to enhance its income over both the quarterly and yearly periods. The upward trend in revenue indicates a robust performance in Q1FY26 compared to both prior periods.

Profitability

Banco Products' profitability in Q1FY26 shows an upward trajectory when compared to both Q4FY25 and Q1FY25. The Profit Before Tax (PBT) for Q1FY26 was ₹164.25 crores, up from ₹85.59 crores in the previous quarter, marking a QoQ increase of 91.9%. Compared to the same quarter last year, where PBT was ₹108.51 crores, the YoY increase is 51.4%. The company's Profit After Tax (PAT) rose to ₹109.52 crores in Q1FY26 from ₹68.16 crores in Q4FY25, a 60.7% QoQ increase, and from ₹68.67 crores in Q1FY25, reflecting a 59.5% YoY rise. Despite these increases in profitability, the Earnings Per Share (EPS) decreased to ₹7.66 in Q1FY26 from ₹9.53 in Q4FY25 and ₹9.60 in Q1FY25, marking declines of 19.6% QoQ and 20.2% YoY.

Operating Metrics

The total expenses of Banco Products in Q1FY26 were ₹819.60 crores, compared to ₹644.72 crores in the preceding quarter and ₹697.46 crores in the same quarter last year. This indicates a QoQ increase of 27.1% and a YoY increase of 17.5%. These figures suggest that while expenses have grown, the rate of revenue increase has outpaced the rate of expense growth, contributing to the overall improvement in profitability metrics. Additionally, the tax expense for Q1FY26 was ₹54.73 crores, a significant rise from ₹17.43 crores in Q4FY25, representing a 214% QoQ increase, and from ₹39.84 crores in Q1FY25, a 37.4% YoY increase. This increase in tax expense corresponds with the higher profit before tax for the period.