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Banco Products’ Q1 net tumbles 51%

06 Aug 2012 Evaluate

Banco Products (India) has reported results for first quarter ended June 30, 2012.

The company has registered a fall of 51.27% in its net profit at Rs 9.98 crore for the quarter under review as compared to Rs 20.48 crore for the same quarter in the previous year. Moreover, the total income from operation of the company has decreased by 22.40% at Rs 111.36 crore for Q1FY13 as compared Rs 144.07 crore for the corresponding quarter previous year.

Banco Products (India) has been a dedicated supplier of high quality engine cooling components and engine sealing gaskets to the automotive industry for over four decades. It offers complete line of radiators, intercoolers, oil-coolers and all types of engine gaskets.

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