Banco Products Reports Strong Q3FY26 Results with 177% Jump in Net Profit
Banco Products (India) Limited announced impressive Q3FY26 financial results with consolidated net profit surging 177% to Rs 8,583 lakhs and revenue from operations growing 23.6% to Rs 78,183 lakhs. The automobile ancillary company's Board approved the unaudited results and submitted them to stock exchanges under regulatory compliance.
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Banco Products (India) Limited has announced robust financial results for the quarter ended December 31, 2025, showcasing strong operational performance across its consolidated and standalone operations. The automobile ancillary company reported significant growth in profitability during the third quarter of FY26.
Consolidated Financial Performance
The company delivered impressive consolidated results for Q3FY26, with substantial improvements across key financial metrics:
| Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | Rs 78,183 lakhs | Rs 63,271 lakhs | +23.60% |
| Net Profit: | Rs 8,583 lakhs | Rs 3,093 lakhs | +177.40% |
| Total Income: | Rs 79,864 lakhs | Rs 64,434 lakhs | +23.90% |
| Total Expenses: | Rs 69,780 lakhs | Rs 60,540 lakhs | +15.30% |
For the nine months ended December 31, 2025, consolidated revenue from operations reached Rs 2,77,633 lakhs compared to Rs 2,31,884 lakhs in the corresponding previous period, marking a growth of 19.70%. Net profit for the nine-month period stood at Rs 33,425 lakhs against Rs 23,830 lakhs, representing a 40.30% increase.
Standalone Results
On a standalone basis, Banco Products reported the following performance for Q3FY26:
| Parameter: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | Rs 29,617 lakhs | Rs 25,260 lakhs | +17.30% |
| Net Profit: | Rs 3,129 lakhs | Rs 6,320 lakhs | -50.50% |
| Total Income: | Rs 30,559 lakhs | Rs 29,238 lakhs | +4.50% |
| Total Expenses: | Rs 26,412 lakhs | Rs 22,136 lakhs | +19.30% |
For the nine months ended December 31, 2025, standalone revenue from operations totaled Rs 87,596 lakhs compared to Rs 78,330 lakhs in the previous year, showing an 11.80% growth. Net profit for the nine-month period was Rs 21,696 lakhs versus Rs 12,893 lakhs, indicating a 68.30% increase.
Exceptional Items and Insurance Claim
The consolidated results include exceptional items worth Rs 1,815 lakhs for the quarter and nine months ended December 31, 2025. This relates to a fire incident at the warehouse of NRF France S.A.S., a step-down subsidiary of the company. Banco Products has filed a preliminary insurance claim for Euro 5.97 million (Rs 6,230 lakhs) and has received an interim claim amount of Euro 2.96 million from the insurance company. The final settlement with the insurance company is pending.
Earnings Per Share and Capital Structure
The company's earnings per share performance showed mixed results across consolidated and standalone operations:
| EPS Metric: | Consolidated | Standalone |
|---|---|---|
| Basic EPS (Q3FY26): | Rs 6.00 | Rs 2.19 |
| Basic EPS (Q3FY25): | Rs 2.16 | Rs 4.42 |
| Nine Months EPS (FY26): | Rs 23.37 | Rs 15.17 |
| Nine Months EPS (FY25): | Rs 16.66 | Rs 9.01 |
The paid-up equity share capital remained unchanged at Rs 2,861 lakhs, with a face value of Rs 2 per share.
Board Approval and Regulatory Compliance
The Board of Directors of Banco Products approved these unaudited financial results at their meeting held on February 12, 2026. The meeting commenced at 3:30 PM and concluded at 4:30 PM. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and have been reviewed by the company's auditors with an unmodified opinion.
The company has submitted the quarterly results to BSE Limited and National Stock Exchange of India Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As the company operates primarily in the automobile ancillary business, it has only one reportable segment for business reporting purposes.
Historical Stock Returns for Banco Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.58% | -5.85% | +3.13% | +16.87% | +110.46% | +746.64% |
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