Results - Announcements
Banas Finance Ltd share price declined by 3.81% to Rs 6.32 after the company's net profit contracted by 11.85% to Rs 2.53 crore, while revenue from operations increased sharply by 106.02% to Rs 6.16 crore in Q2FY27 over Q2FY26.
The market capitalization of Investment Company industry group stocks on BSE stood at Rs 4.48 lakh crore, heading higher 13.81%. It has inched up 9.41% over last one week and slid back by 8.41% in last one month while the market capitalization of Banas Finance Ltd has eased by 1.72% and 10.86% in the same period respectively.
Profit before tax (PBT) of Banas Finance Ltd stood at Rs 2.53 crore in Q2 FY27, gaining 8.58% year-on-year, and falling 11.85% quarter-on-quarter. EBITDA came in at Rs 2 crore, surging by 16.34% YoY and crashing by 17.83% sequentially.
Total expenses soared by 2761.54% to Rs 3.72 crore in Q2FY27 over Q2FY26. During the quarter, employee benefits expense was at Rs 0.76 crore, registering a growth of 11.76% YoY.
For FY26, revenue from operations witnessed a strong growth of 32.38% to Rs 57.23 crore, while net profit witnessed a sharp fall of 210.87% to Rs 6.63 crore, compared to previous FY. EBITDA tanked by 1910% to Rs 7.87 crore, and PBT tumbled by 170.49% to Rs 12.4 crore compared to previous FY.
Banas Finance Ltd crashed 22.36% in last one year, underperforming the benchmark BSE Sensex which has eased by 4.80% during the same period.