Banaras Beads Reports Strong Financial Performance in Q2 FY25, Indicating Growth Trend

Banaras Beads, a microcap company in the miscellaneous industry, has recently announced its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is ‘Hold’.

The company has shown a positive financial performance in the quarter, with a score of 10, which is a significant improvement from the previous score of 2 in the last 3 months. This indicates a strong growth trend for Banaras Beads.

One of the key factors contributing to this positive performance is the Profit Before Tax less Other Income (PBT) for the quarter, which has grown by 291.3% to Rs 1.35 crore compared to the average PBT of the previous four quarters at Rs 0.35 crore. This shows a very positive trend in the near term for PBT.

Another noteworthy aspect is the company’s Operating Cash Flow, which has been the highest at Rs -3.47 crore in the last three years. This indicates that the company has generated higher cash revenues from its business operations.

In terms of Operating Profit (PBDIT), Banaras Beads has also shown a positive trend with the highest figure of Rs 1.77 crore in the last five quarters. Similarly, the company’s Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT) have also been the highest in the last five quarters, at Rs 1.35 crore and Rs 1.39 crore respectively. This indicates a positive trend in the near term for both PBT and PAT.

Moreover, the company’s Earnings per Share (EPS) for the quarter have been the highest at Rs 2.10 in the last five quarters. This shows an increasing profitability trend and highlights the company’s ability to generate higher earnings for its shareholders.

Overall, Banaras Beads has shown a strong financial performance in the quarter ending September 2024, with positive trends in key financial indicators. This is a promising sign for the company and its investors.