trending Market Intelligence /marketintelligence/en/news-insights/trending/t7TcwSwcTVwHh520SymCTA2 content esgSubNav
In This List

Banaras Beads fiscal Q2 profit falls YOY


Managed Services Insights: The client lifecycle management solution


Global M&A By the Numbers: Q1 2024

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries


Next in Tech | Episode 168: AI Data Strategies

Banaras Beads fiscal Q2 profit falls YOY

Banaras Beads Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.09 Indian rupees per share, a decrease of 13.5% from 1.26 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 7.2 million rupees, a decline of 13.7% from 8.4 million rupees in the year-earlier period.

The normalized profit margin declined to 10.3% from 11.1% in the year-earlier period.

Total revenue fell 7.3% year over year to 70.0 million rupees from 75.5 million rupees, and total operating expenses grew from the prior-year period to 60.2 million rupees from 59.3 million rupees.

Reported net income decreased 22.5% year over year to 8.1 million rupees, or 1.22 rupees per share, from 10.4 million rupees, or 1.57 rupees per share.

As of Oct. 30, US$1 was equivalent to 61.37 Indian rupees.