Banaras Beads : Q1 2024 Financial Quarterly Report : YoY Sales Up 13.81 %, QoQ Down 18.51 %

The comprehensive analytics outlining the performance and outlook of Banaras Beads Limited”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.

Today, we’re looking at Banaras Beads Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 13.81 %. However, it did see a marginal slip of -18.51 % from the previous quarter. Expenses decreased slightly by -20.02 % quarter-on-quarter, aligning with the annual rise of 13.41 %. Operating profit, while up 18.75 % compared to last year, faced a quarter-on-quarter increase of 5.56 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.33 %, but an expansion of 1.83 % sequentially. Other income fell by -32.1 % compared to the last quarter, despite an annual decline of -1.85 %. Interest expenses surged remarkably by 100 % from the previous quarter, yet the year-over-year decrease remains at a moderate -7.69 %. Depreciation costs climbed by 18.18 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -16.13 %. Profit before tax grew annually by 24.14 % but saw a reduction from the preceding quarter by -30.77 %.
Tax expenses as a percentage of profits increased slightly by 2.73 % compared to last year, with a more notable quarter-on-quarter decrease of -2.06 %. Net profit rose by 20 % year-on-year but witnessed a -29.87 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.12 % but a quarterly fall of -29.57 %. In summary, Banaras Beads Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Banaras Beads Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.81 % year-on-year growth, although there was a slight dip of -18.51 % from the previous quarter. Expenses rose by 13.41 % compared to the previous year, with a decrease of -20.02 % quarter-on-quarter. Operating Profit surged by 18.75 % annually, and saw a 5.56 % increase from the last quarter.
Net Profit showed yearly increase of 20 %, and experienced a -29.87 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 19.12 % annually, however dipped by -29.57 % compared to the last quarter. In essence, while Banaras Beads Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.