Banco Products posts 20.76% operating margin, well above sector median
The consolidated quarter's Rs 165.37 cr net profit was supported mainly by operating earnings, while the results were filed after market close.
Filed 06 Nov 2026, 17:07 IST · after market close · Banco Products (India) Ltd (BANCOINDIA)
Key takeaways
- Banco Products’ consolidated operating margin was 20.76%, 9.34 percentage points above the 11.42% median for 287 Consumer Discretionary peers.
- Operating profit of Rs 262.58 cr converted into net profit of Rs 165.37 cr after Rs 60.4 cr of tax.
- Other income was Rs 5.73 cr against profit before tax of Rs 225.77 cr, limiting the role of non-operating income in reported profit.
Price around the results
Operating margin stands well above the sector
Banco Products’ 20.76% consolidated operating margin was 9.34 percentage points above the 11.42% median for 287 Consumer Discretionary peers reporting the same quarter. The comparison places the company’s reported operating profitability materially above the sector reference point.
Profit was driven mainly by operations
Operating profit of Rs 262.58 cr stood against interest of Rs 6.92 cr and depreciation of Rs 35.62 cr, resulting in profit before tax of Rs 225.77 cr. Tax at a 26.75% rate reduced this to net profit of Rs 165.37 cr. Other income of Rs 5.73 cr was small relative to pre-tax profit, so reported earnings were not mainly supported by non-operating income.
Results were filed after market close
The company filed these consolidated results after market close on 6 November 2026. The market response is therefore not assessed here.
Q2FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹1,265 cr |
| Other income | ₹6 cr |
| Expenses | ₹1,002 cr |
| Operating profit | ₹263 cr |
| Operating margin (%) | 20.76% |
| Interest | ₹7 cr |
| Depreciation | ₹36 cr |
| Profit before tax | ₹226 cr |
| Tax | ₹60 cr |
| Net profit | ₹165 cr |
| EPS (₹) | ₹11.56 |
Operating margin of 20.76% compares with a Consumer Discretionary sector median of 11.42% across 287 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +10.19% | +10.13% |
| Next session | +11.84% | — |
Volume on the results session was 47.13× its 20-day average.
What to watch
- Whether consolidated operating margin holds above 20.76%.
- Whether other income remains small relative to profit before tax of Rs 225.77 cr.
- Whether the tax rate stays at or below 26.75%.