Quarterly Results: Banco Products (India) Ltd
Bhagyashree Vivarekar / 15 Nov 2016
Banco Products (India) Ltd., is currently trading at Rs. 181.15, down by 14.25 points. The company has reported a 28.3% yoy upsurge in net profit to Rs 32 cr.
Technical View:
Banco Products (India) Ltd., is currently trading at Rs. 181.15, down by 14.25 points or 7.29% from its earlier closing of Rs. 195.4 on the BSE.
The scrip touched a high and low of Rs. 201.1 and Rs. 180.5 respectively, after opening at 200. In totality 183976(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 50 DMA.
Consolidated Results Q2FY17:
Bloomberg estimates were higher than Banco Products India’s actual Q2FY17 consolidated numbers. The quarter's revenue has come in 6.6% lower than the estimate of Rs. 401 cr. Net profit for the period has missed by 9.4% the estimated figure of Rs 35 cr.
Net-revenue for the quarter has jumped 9% yoy to Rs 375 cr.
Nancy's EBITDA for the quarter has surged 25.3% yoy to Rs 52 cr with an EBITDA margin improvement of 181 bps to 13.9%. This was supported by a 2% yoy dip in employee benefit costs and various economies of scale.
The company has reported a 28.3% yoy upsurge in net profit to Rs 32 cr, triggered by a 6% yoy improvement in other income and a 57% yoy dip in finance costs.
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