trending Market Intelligence /marketintelligence/en/news-insights/trending/Ec_tmF1gbrVs0MhueUW3fg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Banco Products (India) swings to loss in fiscal Q4

An interview with Antony Jenkins, Founder & Executive Chairman, 10x Future Technologies

An interview with Nicolas Veron, Economist, Senior Fellow at Bruegel

An interview with Dan Frumkin, CEO, Metro Bank

Investment Banking: The Outlook, Market Share and Competitive Advantage

Banco Products (India) swings to loss in fiscal Q4

Banco Products (India) Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of 3.20 Indian rupees per share, compared with 1.57 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 230.5 million rupees, compared with income of 112.2 million rupees in the prior-year period.

The normalized profit margin declined to negative 9.5% from 4.0% in the year-earlier period.

Total revenue declined 11.1% year over year to 2.48 billion rupees from 2.79 billion rupees, and total operating expenses came to 2.51 billion rupees, compared with 2.48 billion rupees in the prior-year period.

Reported net income came to a loss of 25.8 million rupees, or a loss of 36 paise per share, compared to income of 93.4 million rupees, or 1.31 rupees per share, in the year-earlier period.

For the year, the company's normalized net income totaled 6.63 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 10.00 rupees.

EPS declined 37.7% from 10.63 rupees in the prior year.

Normalized net income was 474.0 million rupees, a decrease of 37.7% from 760.5 million rupees in the prior year.

Full-year total revenue declined year over year to 11.13 billion rupees from 11.46 billion rupees, and total operating expenses rose year over year to 10.45 billion rupees from 10.14 billion rupees.

The company said reported net income declined on an annual basis to 876.5 million rupees, or 12.26 rupees per share, in the full year, from 898.2 million rupees, or 12.56 rupees per share.

As of July 10, US$1 was equivalent to 63.32 Indian rupees.