Banco Products net dips 30% to Rs 14cr

Auto component manufacturer Banco Products today reported a net profit dip of 30 per cent in net profit at Rs 14.72 crore for the quarter ended September 30, 2010 as compared to Rs 21.09 crore posted for the same quarter a year ago.

Net sales for the reporting quarter grew by 25.5 per cent at Rs 118 crore as against Rs 94 crore reported in the corresponding period a year ago.