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Banaras Beads fiscal Q1 profit falls YOY

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MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023

Banaras Beads fiscal Q1 profit falls YOY

Banaras Beads Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 74 Indian paise per share, a decrease of 8.9% from 81 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.9 million rupees, a decline of 8.6% from 5.4 million rupees in the year-earlier period.

The normalized profit margin declined to 8.5% from 10.0% in the year-earlier period.

Total revenue grew 7.5% on an annual basis to 58.0 million rupees from 54.0 million rupees, and total operating expenses grew 13.0% from the prior-year period to 54.1 million rupees from 47.9 million rupees.

Reported net income fell from the prior-year period to 6.4 million rupees, or 96 paise per share, from 6.6 million rupees, or 1 rupee per share.

As of July 31, US$1 was equivalent to 60.88 Indian rupees.