Banaras Beads profit falls 42.5% to ₹177.46 lakh in FY26

Banaras Beads Limited reported a 42.5% decline in net profit to ₹177.46 lakh for the financial year ended March 31, 2026, down from ₹308.81 lakh in the previous year. Revenue from operations fell 19.2% to ₹2548.68 lakh for FY26, compared to ₹3156.32 lakh in FY25. The company's Board approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 28, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹54.93 lakh, a decrease from ₹65.99 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹650.82 lakh, lower than the ₹719.71 lakh reported in Q4FY25. Total income for the quarter was ₹696.87 lakh, while total expenses amounted to ₹633.13 lakh.

The statutory auditors, M/s G. D. Dubey & Associates, issued an unmodified opinion on the audited financial results. The report confirms that the results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors stated the results provide a true and fair view of the company's financial performance.

Financial Performance

The following table outlines the key financial metrics for Banaras Beads for the quarter and year ended March 31, 2026:

Particulars	Q4FY26 (₹ in Lacs)	Q4FY25 (₹ in Lacs)	FY26 (₹ in Lacs)	FY25 (₹ in Lacs)
Revenue from Operations	650.82	719.71	2548.68	3156.32
Total Income	696.87	767.81	2710.92	3355.37
Total Expenses	633.13	680.35	2484.65	2950.09
Profit for the Period	54.93	65.99	177.46	308.81
Basic EPS (₹)	0.83	0.99	2.69	4.65

Operational Highlights

The company noted that US-based buyers had previously held orders due to increased tariffs by the US government. Following the resolution of the tariff matter, buyers have confirmed orders, and export execution has commenced. The management assessed the impact of the new Labour Codes notified by the Government of India and stated that there would be no significant material impact on the Statement of Profit and Loss.

Banaras Beads confirmed there are no outstanding defaults on loans or debt securities. The company also stated that no complaints were received from shareholders, SEBI, or others during the quarter, and no complaints were pending unresolved as of March 31, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.69%	-5.95%	-6.62%	-19.21%	-9.95%	+81.52%

Banaras Beads Limited has disclosed its related party transactions for the financial year ended March 31, 2026, pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, submitted to the stock exchanges on May 28, 2026, outlines the nature and value of transactions with key managerial personnel (KMP), directors, and various entities connected to the promoter group and independent directors. The disclosure provides transparency on payments made for remuneration, sitting fees, and other expenses during FY26.

The report indicates that the highest remuneration was paid to Siddharth Gupta, identified as the Promoter, CEO, and Managing Director. The company also compensated other KMPs, including Ramesh Kumar Singh, the Company Secretary, and Vinay Kumar Piyush, the CFO. Additionally, sitting fees were disbursed to independent directors and a non-executive director for their participation in board meetings.

Transactions with Key Managerial Personnel

The company recorded significant remuneration expenses for its top executives during the reporting period. The following table details the remuneration paid to the KMPs, inclusive of provident fund contributions:

Name	Relationship	Transaction Type	Value (₹ in Lacs)
Siddharth Gupta	Promoter/CEO&MD	Remuneration including P.F.	16.80
Ramesh Kumar Singh	KMP/Company Secretary	Remuneration including P.F.	5.50
Vinay Kumar Piyush	KMP/CFO	Remuneration including P.F.	2.82
Shivani Gupta	Promoter Group/Voice President	Remuneration including P.F.	13.11

Director Fees and Other Expenses

Independent and non-executive directors received sitting fees for their services. The company also recorded expenses related to a trust associated with a promoter group member. The specific values for these transactions are detailed below:

Name	Relationship	Transaction Type	Value (₹ in Lacs)
Manan Kumar Sah	Independent Director	Director Sitting Fees	0.22
Anil Kumar Gupta	Independent Director	Director Sitting Fees	0.26
Sushil Kumar Kandoi	Independent Director	Director Sitting Fees	0.26
Jayanti Mathur	Non-executive Director	Director Sitting Fees	0.08
Mathur Vaishya Jan Kalyan Trust	Ashok Kuamr Gupta Trust	Expenses	0.41

Transactions with Associated Entities

The disclosure includes a comprehensive list of entities controlled by the promoter group or related to independent directors. While several entities such as Banaras Beads Exports Pvt Ltd and Banaras Glass Beads Pvt Ltd are listed, the transaction value for the reporting period was nil for most. However, Banaras Beads Business LLP, an entity controlled by the promoter, recorded a loss of ₹0.06 lacs during the year. The filing confirms that all transactions were approved by the audit committee in accordance with applicable accounting standards.