Banco Products (500039) Q4 23/24 earnings summary

Executive summary

• FY2023-24 consolidated profit before tax was Rs 36,270 lakh and net profit was Rs 27,140 lakh, versus Rs 31,083 lakh and Rs 23,558 lakh, respectively, in FY2022-23.

• Standalone FY2023-24 net profit was Rs 25,523 lakh versus Rs 24,554 lakh; the Board recommended no final dividend for FY2023-24.

• Statutory auditors issued unmodified opinions on the audited standalone and consolidated annual results.

Financial highlights

• Consolidated revenue from operations was Rs 2,74,215 lakh in FY2023-24 versus Rs 2,30,054 lakh in FY2022-23; Q4 revenue was Rs 71,740 lakh versus Rs 60,236 lakh YoY.

• Consolidated FY2023-24 net profit was Rs 27,140 lakh versus Rs 23,558 lakh; Q4 net profit was Rs 6,816 lakh versus Rs 5,103 lakh YoY.

• Standalone FY2023-24 PBT was Rs 29,735 lakh versus Rs 28,095 lakh; net profit was Rs 25,523 lakh versus Rs 24,554 lakh.

• Standalone Q4 PBT was Rs 6,203 lakh versus Rs 5,308 lakh YoY, and net profit was Rs 5,338 lakh versus Rs 4,491 lakh.

Segment performance

• Automobile ancillary business was the sole reportable segment.