Banaras Beads Limited announced that the Board of Directors of the company at its meeting held on January 29, 2013, has declared Interim Dividend for financial year 2013 at 25% on equity share capital (INR 2.50 per share).

Banaras Beads Limited, Board Meeting, Jan 29, 2013. Agenda: To consider and declare interim dividend, if any, for the year 2012-2013; and to consider, approve and take on record the un-audited financial results (Provisional) and Limited review report for quarter ended on December 31, 2012.

Banaras Beads India Ltd. reported unaudited earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported net sales/income from operations was INR 78.272 million against INR 73.289 million a year ago. Profit from operations before other income, interest and exceptional item was INR 9.128 million against INR 10.036 million a year ago. Profit from ordinary activities before tax was INR 14.293 million against INR 18.420 million a year ago. Net profit for the period was INR 11.293 million or INR 1.70 per basic and diluted share against INR 15.071 million or INR 2.27 per basic and diluted share a year ago. For six months, the company reported net sales/income from operations was INR 145.685 million against INR 139.507 million a year ago. Profit from operations before other income, interest and exceptional item was INR 18.515 million against INR 18.728 million a year ago. Profit from ordinary activities before tax was INR 27.446 million against INR 28.233 million a year ago. Net profit for the period was INR 21.446 million or INR 3.23 per basic and diluted share against INR 23.384 million or INR 3.52 per basic and diluted share a year ago.