Mumbai, January 30, 2025
Banaras Beads Limited (NSE: BANARAS, BSE: 526849) has released its unaudited financial results for the third quarter (Q3) and nine-month period ended December 31, 2024. Additionally, the Board of Directors has declared an interim dividend of ₹2.25 per share (22.50%) for the financial year 2024-25.Key Financial Highlights (Standalone) (₹ in Lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 573.60 | 1155.31 | 380.06 | 2436.61 | 1953.48 | 2821.99 |
| Other Income | 46.79 | 51.09 | 58.75 | 150.95 | 166.46 | 244.67 |
| Total Income | 620.39 | 1206.40 | 438.81 | 2587.56 | 2119.94 | 3066.66 |
| Total Expenses | 560.42 | 1020.46 | 373.60 | 2269.74 | 1856.49 | 2698.04 |
| Profit Before Tax | 59.97 | 185.94 | 65.21 | 317.82 | 263.45 | 368.62 |
| Net Profit | 49.97 | 138.94 | 45.21 | 242.82 | 198.45 | 275.08 |
| Earnings Per Share (Basic) | 0.75 | 2.09 | 0.68 | 3.66 | 2.99 | 4.15 |
- The company reported ₹620.39 lakh in total income for Q3 FY25, reflecting a decline from ₹1206.40 lakh in Q2 FY25, but an increase from ₹438.81 lakh in Q3 FY24.
- Net profit for Q3 FY25 stood at ₹49.97 lakh, marking a decrease from ₹138.94 lakh in Q2 FY25, but higher than ₹45.21 lakh in Q3 FY24.
- Earnings per share (EPS) for Q3 FY25 was ₹0.75, compared to ₹2.09 in Q2 FY25 and ₹0.68 in Q3 FY24.
Interim Dividend Declaration
The Board of Directors has declared an interim dividend of ₹2.25 per share (22.50%) for the financial year 2024-25.- Record Date: February 8, 2025
- Payment Date: On or after February 21, 2025
- The interim dividend will be paid to shareholders holding shares as of the record date, based on data from National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).
- Shareholders with calls in arrears on partly paid shares will have their dividends adjusted against outstanding amounts.
Corporate Announcements
- The Board Meeting commenced at 3:00 P.M. and concluded at 4:33 P.M. on January 30, 2025.
- The financial results comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The Limited Review Report issued by statutory auditors contained no qualifications or adverse remarks.
Management Commentary
R.K. Singh, Company Secretary, stated:"Despite a quarter-on-quarter decline in revenue, we continue to maintain profitability and deliver shareholder value. The Board’s decision to declare an interim dividend reflects our strong financial position and commitment to investors."