Banaras Beads Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
BANARBEADS · price
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Banaras Beads Limited reported a 19.25% decline in revenue from operations to Rs 2,548.68 Lacs for FY 2025-26 compared to Rs 3,156.32 Lacs in the previous year. Profit after tax fell by 42.5% to Rs 177.46 Lacs from Rs 308.81 Lacs, while EPS dropped to Rs 2.69 from Rs 4.65. Finance costs nearly tripled to Rs 180.07 Lacs due to increased borrowings. The company experienced negative operating cash flow of Rs 467.60 Lacs versus positive Rs 497.26 Lacs in the prior year. Borrowings increased significantly - long-term borrowings rose from zero to Rs 484.72 Lacs and short-term borrowings grew from Rs 858.30 Lacs to Rs 1,568.19 Lacs. The auditors issued an unmodified (clean) opinion on the financial statements.
The sharp revenue and profit decline, rising debt costs, and negative operating cash flow are concerning for shareholders. The significant increase in borrowings to fund operations or inventory buildup indicates financial stress. However, the clean audit opinion and resolution of US tariff issues may provide some optimism.