Shares of Banco Products (India) Ltd rallied by 15% in early trade following impressive Q2 FY25 results, showcasing significant gains in both revenue and profit on a year-over-year (YoY) and quarter-over-quarter (QoQ) basis.
Year-over-Year (YoY) Growth:
Banco Products reported a 24.5% YoY increase in total revenue from operations, reaching ₹894.93 crore in Q2 FY25, up from ₹718.56 crore in Q2 FY24.
Net profit surged by 109.8% YoY to ₹138.7 crore, compared to ₹66.11 crore in the previous year’s quarter, highlighting the company’s enhanced profitability through efficient operations and cost control.
Quarter-over-Quarter (QoQ) Growth:
Total revenue rose 12.2% QoQ, from ₹797.88 crore in Q1 FY25 to ₹894.93 crore in Q2 FY25, reflecting positive momentum and sales growth.
Net profit doubled QoQ, climbing by 101.9% to ₹138.7 crore, compared to ₹68.67 crore in Q1 FY25
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