Shares of Banco Products (India) Ltd were locked at the 20% upper circuit at ₹494.50 on Monday at 9:36 AM, after the company posted a stellar set of Q4 earnings. The stock surged ₹82.40 from the previous close of ₹412.10.
In its Q4 FY25 results, Banco reported a net profit of ₹153.5 crore, more than doubling from ₹68.2 crore in the same period last year. Revenue also rose 21% year-on-year to ₹868 crore compared to ₹717 crore in Q4 FY24.
The sharp earnings growth has been positively received by the markets, with strong buying interest pushing the stock to its 52-week high. Trading volumes crossed 5.7 lakh shares early in the session.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions.
