Banaras Beads, a microcap company in the miscellaneous industry, announced strong financial results for the quarter ending September 2024. The company’s financial performance has seen notable improvements, with its score rising to 10 from 2 in the last three months, indicating a robust growth trend.
Key Highlights:
- Profit Before Tax (PBT) excluding Other Income grew by a remarkable 291.3%, reaching ₹1.35 crore compared to the average PBT of ₹0.35 crore from the previous four quarters.
- Operating Cash Flow recorded the highest figure in three years at ₹-3.47 crore, reflecting increased cash generation from business operations.
- Operating Profit (PBDIT) also hit a five-quarter high at ₹1.77 crore, with Profit After Tax (PAT) similarly reaching its peak in the last five quarters at ₹1.39 crore.
- Earnings per Share (EPS) rose to ₹2.10, the highest in the last five quarters, highlighting the company’s increasing profitability and shareholder value.
Banaras Beads’ impressive financial performance signals strong growth prospects for the company. As of 10:30 am, the stock was trading 8.44% higher at ₹139.50 on NSE.
