Banaras Beads LimitedQ2 FY27 Results & Financial Update
Banaras Beads Limited: Q2 FY27 standalone results and company financials – revenue ₹15.68 Cr, PAT ₹1.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Banaras Beads Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Banaras Beads Limited reported standalone revenue from operations of INR 15.68 crore for Q2 FY27, representing a sequential increase of 73.11% over the INR 9.06 crore recorded in Q1 FY27.
Total income for the quarter reached INR 16.02 crore, supported by other income of INR 0.34 crore.
Profit after tax (PAT) for the quarter expanded to INR 1.00 crore, reflecting a 39.18% sequential increase compared to INR 0.72 crore in the preceding quarter.
Earnings per share (EPS) for Q2 FY27 rose to INR 1.52 from INR 1.08 in Q1 FY27.
Profit before tax (PBT) stood at INR 1.31 crore compared to INR 0.34 crore in Q1 FY27, reflecting stronger operating performance and higher top-line throughput.
Total expenses for the quarter increased to INR 14.71 crore from INR 8.39 crore in Q1 FY27, driven by higher cost of materials consumed and changes in inventories.
01 · Business model
What does Banaras Beads do?
Banaras Beads Limited manufactures and exports glass beads, handicraft items, fashion jewellery, and lifestyle accessories.
The company operates primarily out of Varanasi, Uttar Pradesh, serving international markets through a specialized export-oriented business model.
Revenues are driven by global demand for artisanal glass products, ornamental wear, and home decor items.
The economic model relies on raw material procurement, specialized craft production, and direct international distribution networks.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹15.68 Cr | ₹9.06 Cr |
| Total income | ₹16.02 Cr | ₹9.36 Cr |
| Profit before tax | ₹1.31 Cr | ₹0.97 Cr |
| Profit after tax | ₹1.00 Cr | ₹0.72 Cr |
| EPS | ₹1.52 | ₹1.08 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 6.4% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 8.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.34 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations expanded by 73.11% sequentially to reach INR 15.68 crore in Q2 FY27 compared to INR 9.06 crore in Q1 FY27.
The company recorded other income of INR 0.34 crore during the quarter, aiding total income which closed at INR 16.02 crore.
What drove margins
Cost of materials consumed stood at INR 7.69 crore in Q2 FY27, accompanied by inventory adjustments of finished goods and work-in-progress amounting to a negative INR 0.22 crore.
Employee benefit expenses were reported at INR 1.58 crore, while other expenses accounted for INR 4.79 crore during the quarter.
Finance costs were recorded at INR 0.51 crore and depreciation and amortisation expenses stood at INR 0.35 crore for the quarter.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company's main business is the export of glass beads, handicrafts, and related items, which operate under a single primary business segment under IND AS 108.
05 · Reported developments
What changed operationally
Q2 FY27 revenue from operations grew by 73.11% and profit after tax increased by 39.18% over the previous quarter.
06 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the half year ended September 30, 2026, net cash used in operating activities stood at INR 3.81 crore, impacted by changes in working capital including an increase in inventories.
Capital allocation & funding
The statutory filings show total financial indebtedness including short-term and long-term debt at zero as of September 30, 2026.
07 · Management guidance & targets
What management is targeting from here
According to the company's investor presentation and earnings statement, management expects the increasing trend of both turnover and profitability to continue in incoming periods.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Advance for Property
An advance given to purchase property at Gurugram, Haryana, previously disclosed as Long Term Advances under non-current assets, was disclosed as investment property following the receipt of the property during the current reporting year.
09 · Previous-quarter changes
What changed since the previous quarter
Revenue advanced from INR 9.06 crore in Q1 FY27 to INR 15.68 crore in Q2 FY27, accompanied by an increase in PAT from INR 0.72 crore to INR 1.00 crore.
10 · Key Q&A
The quarter, answered directly
What does Banaras Beads do?
Banaras Beads Limited manufactures and exports glass beads, handicraft items, fashion jewellery, and lifestyle accessories.
What is the clearest takeaway from Q2 FY27?
Banaras Beads Limited reported standalone revenue from operations of INR 15.68 crore for Q2 FY27, representing a sequential increase of 73.11% over the INR 9.06 crore recorded in Q1 FY27.
What drove revenue or demand?
Revenue from operations expanded by 73.11% sequentially to reach INR 15.68 crore in Q2 FY27 compared to INR 9.06 crore in Q1 FY27.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 7.69 crore in Q2 FY27, accompanied by inventory adjustments of finished goods and work-in-progress amounting to a negative INR 0.22 crore.
What changed operationally beyond the headline numbers?
An advance given to purchase property at Gurugram, Haryana, previously disclosed as Long Term Advances under non-current assets, was disclosed as investment property following the receipt of the property during the current reporting year.
What is management guiding or targeting from here?
According to the company's investor presentation and earnings statement, management expects the increasing trend of both turnover and profitability to continue in incoming periods.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Profit change vs base₹0 cr (0%)
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Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Sustained Export Demand: Monitor subsequent quarters for the continuation of the export revenue growth trend highlighted by management.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.