Banaras Beads Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations was INR 57.75 million against INR 67.85 million for the same period last year. Profit from ordinary activities before tax was INR 8.93 million against INR 11.56 million for the same period last year. Net profit for the period was INR 6.93 million or INR 1.04 per basic and diluted share against INR 10.06 million or INR 1.52 per basic and diluted share for the same period last year. Profit from operations before other income, interest and exceptional items was at INR 9.16 million against INR 9.90 million reported last year.

For the nine months, the company reported net sales/income from operations was INR 187.19 million against INR 213.53 million for the same period last year. Profit from ordinary activities before tax was INR 30.98 million against INR 39.0 million for the same period last year. Net profit for the period was INR 23.98 million or INR 3.61 per basic and diluted share against INR 31.50 million or INR 4.75 per basic and diluted share for the same period last year. Profit from operations before other income, interest and exceptional items was at INR 31.40 million against INR 28.42 million reported last year.