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Banaras Beads Limited Investors Conference Call Summary
• Date of Call: June 21, 2024 • Announcement Date: June 22, 2024 • Participants: • Company Secretary: Ramesh Kumar Singh • CFO: Vinay Kumar Piyush
• Financial Performance Highlights: • Fourth Quarter: • Total Income: Rs. 868.50 lacs (up 128.52% from previous quarter) • Profit After Tax: Rs. 76.63 lacs (up 69.50%) • Full Fiscal Year: • Revenue: Rs. 2821.98 lacs (up 4.64%) • Profit After Tax: Rs. 275.08 lacs (up 8.15%)
• Business Expansion Plans: • Focus on both international and domestic markets.
• Shareholder Inquiry: • Question about absence of final dividend; only an interim dividend declared.
• Conclusion: • Invitation for further questions via email.
Banaras Beads Limited Investors Conference Call Summary
• Date of Announcement: February 12, 2024 • Conference Call Date: February 10, 2024 • Moderators: • Ramesh Kumar Singh (Company Secretary) • Vinay Kumar Piyush (CFO)
• Financial Performance Highlights: • Total Income: • Rs. 438.81 lacs • Decrease of 60.06% from previous quarter • Profit After Tax: • Rs. 45.21 lacs • Decrease of 58.10% from prior quarter • Year-over-year increase of 65%
• Dividend Declaration: • Interim dividend of Rs. 2 per equity share • Record date: February 12, 2024
• Management Insights: • Concerns Addressed: • Decreased turnover and profit attributed to seasonal factors affecting U.S. buyers • Future Plans: • Ongoing efforts to expand logistics and infrastructure • Awaiting decisions from Uttar Pradesh government
• Q&A Session: • Invitation for further questions via email.
Date and Submission • Date of Call: June 7, 2023 • Submission to BSE and NSE: June 8, 2023
Moderation • Moderator: Company Secretary R.K. Singh
Financial Performance Highlights • Quarterly Revenue: Increased by 198% to ₹880.87 lacs • Quarterly Profit After Tax: Increased by 52% to ₹57.31 lacs • Annual Revenue: Grew by 7.37% to ₹2,696.94 lacs • Annual Profit After Tax: Decreased by 12.91% to ₹254.34 lacs (due to decline in other income)
Future Plans • Business Expansion: Focus on logistics and infrastructure projects outlined by CFO Vinay Piyush
Q&A Session • Shareholder Inquiries: Included discussion on the recommendation of an interim dividend • Further Questions: Invitation for additional inquiries via email at the end of the call