September quarter results are yet to come. While most companies suffered losses in the second quarter of fiscal 2025, some companies also made huge profits. The quarterly results of one of those companies have arrived, whose results have been quite good. The company posted excellent earnings, so its shares skyrocketed and touched Rs 840 per share with a jump of 19.99 per cent on NSE at 1 pm.
The company has also announced bonus shares for its investors. The name of this company is Banco Products India. Net profit in the September quarter more than doubled from last year to Rs 138.70 crore. In the same quarter last year, the company’s net profit was Rs 66.11 crore. The company’s revenue during this period increased 23.8 percent year-on-year to Rs 888.81 crore, which was Rs 717.91 crore in the same quarter last year.
How much bonus will the company give?
Banco Products has announced the issuance of bonus shares to its shareholders. This is the first time in the last 17 years that the company will give bonuses to its shareholders. The company said its board of directors approved the issuance of bonus shares in a 1:1 ratio. This means that for every share they own, shareholders will receive 1 free share.
Decrease in the participation of foreign investors
Many changes have been observed in the Bank Products share data during the September quarter. Foreign institutional investors reduced their holding from 3.21 percent to 3.08 percent, while the holding of institutional investors fell from 3.35 percent to 3.26 percent. However, mutual funds have increased their stake from 0.07 percent to 0.11 percent.
What work does the company do?
Let us tell you that the Bank is dedicated to the manufacture and sale of products, heat exchangers and refrigeration systems. This company serves both the national and international markets. The company’s products are in high demand in industrial and automotive applications. Shares of Banco Products have risen about 33 percent so far this year.
(Note: Before investing in any stock, definitely seek the help of a financial advisor.)
