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Banaras Beads : Q4 2024 Financial Quarterly Report : YoY Sales Down 1.41 %, QoQ Up 128.49 %

June 25, 2024June 25, 2024| adminadmin| 0 Comments| 2:50 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -1.41 % over the year, substantial increase in net sales/revenue by 128.49 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 11.27 %. Marginal increase in other income during this quarter, up by 33.9%.
  • Profit over the Year and quarter: Significant improvement in profitability for Banaras Beads Ltd.. Notable increase of 33.68 % in net profit Year to Year, Banaras Beads Ltd.’s profitability increased by 69.47 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 33.72 % Year to Year. EPS increased by 69.12 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Banaras Beads Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 8.809 Cr Rs. 3.801 Cr Rs. 8.685 Cr + 128.49 % -1.41 %
Expenses Rs. 7.62 Cr Rs. 3.38 Cr Rs. 8.14 Cr + 140.83 % + 6.82 %
Operating Profit Rs. 1.19 Cr Rs. 0.42 Cr Rs. 0.54 Cr + 28.57 % -54.62 %
OPM % 13.51 % 11.05 % 6.22 % -4.83 % -7.29 %
Other Income Rs. 0.71 Cr Rs. 0.59 Cr Rs. 0.79 Cr + 33.9 % + 11.27 %
Interest Rs. 0.63 Cr Rs. 0.05 Cr Rs. 0.06 Cr + 20 % -90.48 %
Depreciation Rs. 0.48 Cr Rs. 0.31 Cr Rs. 0.22 Cr -29.03 % -54.17 %
Profit before tax Rs. 0.79 Cr Rs. 0.65 Cr Rs. 1.05 Cr + 61.54 % + 32.91 %
Tax % 27.92 % 30.67 % 27.09 % -3.58 % -0.83 %
Net Profit Rs. 0.57 Cr Rs. 0.45 Cr Rs. 0.77 Cr + 71.11 % + 35.09 %
EPS in Rs Rs. 0.86 Rs. 0.68 Rs. 1.15 + 69.12 % + 33.72 %


Today, we’re looking at Banaras Beads Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.41 %. However, it did see a marginal increase of 128.49 % from the previous quarter. Expenses ticked up slightly by 140.83 % quarter-on-quarter, aligning with the annual rise of 6.82 %. Operating profit, while down -54.62 % compared to last year, faced a quarter-on-quarter increase of 28.57 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -7.29 %, but a shrinkage of -4.83 % sequentially. Other income rose by 33.9 % compared to the last quarter, despite an annual growth of 11.27 %. Interest expenses surged remarkably by 20 % from the previous quarter, yet the year-over-year decrease remains at a moderate -90.48 %. Depreciation costs fell by -29.03 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -54.17 %. Profit before tax grew annually by 32.91 % but saw an increase from the preceding quarter by 61.54 %.
Tax expenses as a percentage of profits decreased slightly by -0.83 % compared to last year, with a more notable quarter-on-quarter decrease of -3.58 %. Net profit rose by 35.09 % year-on-year but experienced a 71.11 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 33.72 % but a quarterly rise of 69.12 %. In summary, Banaras Beads Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 8.809 Cr Rs. 3.801 Cr Rs. 8.685 Cr + 128.49 % -1.41 %
Expenses Rs. 7.62 Cr Rs. 3.38 Cr Rs. 8.14 Cr + 140.83 % + 6.82 %
Operating Profit Rs. 1.19 Cr Rs. 0.42 Cr Rs. 0.54 Cr + 28.57 % -54.62 %
Net Profit Rs. 0.57 Cr Rs. 0.45 Cr Rs. 0.77 Cr + 71.11 % + 35.09 %
EPS in Rs Rs. 0.86 Rs. 0.68 Rs. 1.15 + 69.12 % + 33.72 %


In reviewing Banaras Beads Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.41 % year-on-year, however, there was a minor increase of 128.49 % from the previous quarter. Expenses rose by 6.82 % compared to the previous year, with a 140.83 % increase quarter-on-quarter. Operating Profit dropped by -54.62 % annually, and saw a 28.57 % increase from the last quarter.
Net Profit showed yearly increase of 35.09 %, and experienced a 71.11 % increase from the previous quarter. Earnings Per Share (EPS) rose by 33.72 % annually, however rose by 69.12 % compared to the last quarter. In essence, while Banaras Beads Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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