Banco Products Q3FY18 PAT jumps 68 per cent YoY

Banco Products reported its results for the quarter ended December 31, 2017 on Wednesday after market hours.

The company's consolidated revenue for the quarter came in at Rs 324.34 crore, registering an increase of 16.7 per cent YoY.

Its EBITDA for the quarter rose by 4.9 per cent YoY to Rs 32.74 crore, with a corresponding margin contraction of 113 bps. The EBITDA margin for the quarter stood at 10.1 per cent. This margin contraction was led by 38 per cent YoY jump in the cost of materials.

The PAT for the quarter came in at Rs 29.47 crore, an increase of 68.5 per cent YoY.

Banco Products is engaged in manufacturing and selling of radiators. It manufactures and supplies original equipment (OE) for commercial vehicles, passenger vehicles and industrial products.

On Thursday, the stock opened at Rs 239.90 and touched an intra-day low of Rs 230.30, on the BSE.