Banco Products (India) Ltd., a leading manufacturer of heat ex changers and cooling systems, surge 20% on November 15, 2024, hitting an upper circuit limit, the company’s strong Q2FY25 results and the announcement of a 1:1 bonus share issue.
- Net Profit: The company’s net profit more than doubled to Rs 138.70 crore compared to Rs 66.11 crore in the same quarter last year.
- Revenue: Gross sales increased by 23.8% year-on-year to Rs 888.81 crore.
- Bonus Share Issue: The company’s board has approved a 1:1 bonus share issue, which means shareholders will receive one additional share for every share they currently hold.