Summary of Key Information:

Reporting Period: Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results Approval

Audit Opinion:

Unmodified conclusion on both standalone and consolidated financial results by statutory auditors MSKA & Associates LLP.

Key Financial Highlights [₹ million]:

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹3,980.24 (vs ₹3,037.37 in Q2 FY26, +31.0% YoY)
  • Total Income: ₹4,168.33 (vs ₹3,162.08 in Q2 FY26, +31.8% YoY)
  • EBITDA: Not explicitly stated but calculable as Profit before tax + Finance costs + Depreciation = ₹2,456.17 + ₹21.09 + ₹155.97 = ₹2,633.23
  • Net Profit: ₹1,858.44 (vs ₹1,297.93 in Q2 FY26, +43.2% YoY)
  • EPS (Basic): ₹4.30 (vs ₹3.00 in Q2 FY26)
  • EPS (Diluted): ₹4.16 (vs ₹2.91 in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹7,688.00 (vs ₹6,046.49 in H1 FY26, +27.1% YoY)
  • Total Income: ₹8,034.49 (vs ₹6,308.21 in H1 FY26, +27.4% YoY)
  • Net Profit: ₹3,515.80 (vs ₹2,563.25 in H1 FY26, +37.2% YoY)
  • EPS (Basic): ₹8.14 (vs ₹5.92 in H1 FY26)
  • EPS (Diluted): ₹7.87 (vs ₹5.72 in H1 FY26)

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹3,056.02 (vs ₹2,407.68 in Q2 FY26, +26.9% YoY)
  • Total Income: ₹3,276.81 (vs ₹2,523.50 in Q2 FY26, +29.9% YoY)
  • EBITDA: ₹2,122.69 (vs ₹1,753.78 in Q2 FY26, +21.0% YoY)
  • Net Profit: ₹1,697.25 (vs ₹1,391.27 in Q2 FY26, +22.0% YoY)
  • EPS (Basic): ₹3.93 (vs ₹3.22 in Q2 FY26)
  • EPS (Diluted): ₹3.80 (vs ₹3.11 in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹5,917.57 (vs ₹4,748.98 in H1 FY26, +24.6% YoY)
  • Total Income: ₹6,298.62 (vs ₹5,009.91 in H1 FY26, +25.7% YoY)
  • Net Profit: ₹3,243.27 (vs ₹2,766.07 in H1 FY26, +17.3% YoY)
  • EPS (Basic): ₹7.50 (vs ₹6.40 in H1 FY26)
  • EPS (Diluted): ₹7.26 (vs ₹6.17 in H1 FY26)

Consolidated Balance Sheet Highlights [₹ million]:

As at September 30, 2026:

  • Total Assets: ₹21,650.67 (vs ₹18,578.36 as at March 31, 2026)
  • Cash and Cash Equivalents: ₹1,302.93 (vs ₹816.30 as at March 31, 2026)
  • Bank Balances (other than cash): ₹4,300.54 (vs ₹1,911.33 as at March 31, 2026)
  • Total Equity: ₹17,509.95 (vs ₹14,879.96 as at March 31, 2026)
  • Other Equity: ₹16,645.63 (vs ₹14,015.64 as at March 31, 2026)
  • Total Debt (Lease Liabilities + Other Financial Liabilities): ₹1,973.46 (Non-current) + ₹2,167.26 (Current) = ₹4,140.72

Standalone Balance Sheet Highlights [₹ million]:

As at September 30, 2026:

  • Total Assets: ₹29,886.70 (vs ₹27,237.66 as at March 31, 2026)
  • Cash and Cash Equivalents: ₹55.07 (vs ₹26.44 as at March 31, 2026)
  • Bank Balances (other than cash): ₹4,142.73 (vs ₹1,585.06 as at March 31, 2026)
  • Investment in Subsidiaries: ₹14,308.65 (unchanged from March 31, 2026)
  • Total Equity: ₹28,063.80 (vs ₹25,908.35 as at March 31, 2026)
  • Other Equity: ₹27,199.48 (vs ₹25,044.03 as at March 31, 2026)

Segment-wise Performance:

The Group operates in a single operating segment of certification of diamonds, gemstones and jewellery and related education.

Geographical Revenue Breakdown [₹ million]:

Quarter Ended September 30, 2026:

  • Within India: ₹2,918.99 (73.3% of total)
  • Outside India: ₹1,061.25 (26.7% of total)

Half Year Ended September 30, 2026:

  • Within India: ₹5,676.66 (73.8% of total)
  • Outside India: ₹2,011.34 (26.2% of total)

Corporate Actions:

  • Dividend paid during six months ended September 30, 2026: ₹1,102.01 million
  • No other corporate actions (buyback, split, bonus) announced in this filing

Other Significant Information:

  • Employee benefits expense: ₹870.52 million (consolidated, Q2 FY27)
  • Depreciation and amortization: ₹155.97 million (consolidated, Q2 FY27)
  • Tax rate: 61.4% effective tax rate (consolidated, Q2 FY27)
  • Foreign currency translation gain: ₹115.91 million (consolidated, Q2 FY27)
  • The company has significant international operations with non-current operating assets of ₹4,015.99 million outside India