Manoj Vaibhav Q2 FY27 Net Profit ₹35.70 Crores

Board Meeting Details

The Board of Directors meeting was held on November 13, 2026, commencing at 11:00 a.m. and concluding at 11:26 a.m.

Key Business Transacted

1. Approval of Financial Results

The Board approved the Un-Audited Financial Results for the 2nd quarter and half year ended September 30, 2026 pursuant to Regulation 33 of Listing Regulations. The results were reviewed by the statutory auditors who issued a limited review report.

2. Revision of Related Party Transaction Limits

Financial Results Summary (₹ Crores)

Quarterly Performance (Q2 FY27 vs Q2 FY26 vs Q1 FY27)

Revenue from operations: ₹790.69 (Sep 2026) vs ₹755.82 (Sep 2025) vs ₹713.91 (Jun 2026)
Other Income: ₹1.77 (Sep 2026) vs ₹1.74 (Sep 2025) vs ₹1.49 (Jun 2026)
Total Income: ₹792.46 (Sep 2026) vs ₹757.56 (Sep 2025) vs ₹715.40 (Jun 2026)
Total Expenses: ₹753.27 (Sep 2026) vs ₹712.40 (Sep 2025) vs ₹682.41 (Jun 2026)
Profit before exceptional items and tax: ₹39.19 (Sep 2026) vs ₹45.16 (Sep 2025) vs ₹32.99 (Jun 2026)
Exceptional Items: ₹(8.83) (Sep 2026) vs - (Sep 2025) vs ₹(3.78) (Jun 2026)
Profit before tax: ₹48.02 (Sep 2026) vs ₹45.16 (Sep 2025) vs ₹36.77 (Jun 2026)
Tax expense: ₹12.32 (Sep 2026) vs ₹13.43 (Sep 2025) vs ₹9.20 (Jun 2026)
Profit for the period: ₹35.70 (Sep 2026) vs ₹31.73 (Sep 2025) vs ₹27.57 (Jun 2026)
Basic EPS (₹): ₹7.31 (Sep 2026) vs ₹6.50 (Sep 2025) vs ₹5.64 (Jun 2026)
Diluted EPS (₹): ₹7.31 (Sep 2026) vs ₹6.50 (Sep 2025) vs ₹5.64 (Jun 2026)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

Revenue from operations: ₹1,504.60 (Sep 2026) vs ₹1,304.76 (Sep 2025)
Other Income: ₹3.26 (Sep 2026) vs ₹3.26 (Sep 2025)
Total Income: ₹1,507.86 (Sep 2026) vs ₹1,308.02 (Sep 2025)
Total Expenses: ₹1,435.68 (Sep 2026) vs ₹1,235.22 (Sep 2025)
Profit before exceptional items and tax: ₹72.18 (Sep 2026) vs ₹72.80 (Sep 2025)
Exceptional Items: ₹(12.61) (Sep 2026) vs - (Sep 2025)
Profit before tax: ₹84.79 (Sep 2026) vs ₹72.80 (Sep 2025)
Tax expense: ₹21.52 (Sep 2026) vs ₹20.48 (Sep 2025)
Profit for the period: ₹63.27 (Sep 2026) vs ₹52.32 (Sep 2025)
Basic EPS (₹): ₹12.95 (Sep 2026) vs ₹10.71 (Sep 2025)
Diluted EPS (₹): ₹12.95 (Sep 2026) vs ₹10.71 (Sep 2025)

Related Party Transaction Details

Nature of Relationship

M/s. Gontla Trading LLP is a related party because its Designated Partners, Mr. Udaya Kumar Gontla and Mrs. Gontla Shireesha, are relatives of Mr. Rakhal Gontla (Joint Managing Director) and Mrs. Sai Keerthana Grandhi (Whole-time Director and CFO) of the Company.

Revised Transaction Limits for FY 2026-27

| Nature of Transaction | Maximum Amount (₹ Crores) |

| Sale of Bullion/Jewellery | 196 |

| Purchase of Bullion/Jewellery | 74 |

| Other Miscellaneous Services | 4 |

| Total | 274 |

Transaction Terms

Nature: Franchise
Duration: Commencing from FY 2026-27
Material Terms: Both companies are in the same line of business
Transactions occur in the ordinary course of business at arm's length basis
Pricing is inclusive of franchise fee
All factors relevant to the contract have been considered

Exceptional Items Explanation

During the financial year 2025-26, the Company had recognized a provision of ₹15.13 Crores towards potential losses on the uncovered portion of its metal-based jewellery purchase plan obligations. Based on reassessment during H1 FY27, ₹12.61 Crores of this provision has been reversed (₹8.83 Crores in Q2 FY27), with the balance ₹2.52 Crores continuing till maturity. The reversal is disclosed as an exceptional item.