Mini Diamonds (India) Limited announced its financial results for the quarter ended June 30, 2026 (Q1 FY27) through a regulatory filing under SEBI Listing Regulation 30.
Financial Performance Highlights
- Revenue from Operations: Increased to ₹196.41 crore from ₹151.30 crore in Q4 FY26, representing a 29.71% quarter-on-quarter growth
- Profit Before Tax: Improved to ₹3.66 crore from a loss of ₹7.52 crore in Q4 FY26
- Profit After Tax: Stood at ₹2.74 crore compared to a loss of ₹5.15 crore in Q4 FY26
The company reported a strong sequential improvement in operating performance with disciplined execution across business segments. The positive improvement was attributed to growing interest for lab-grown diamonds and return of global and geopolitical stability in the Middle East.
Fundraising Proposal
The company has proposed to raise up to ₹8.88 crores through a preferential issue of 1.11 crore share warrants to members of the Promoter Group. Each warrant is convertible into one equity share at a price of ₹8 per share warrant. This proposal is subject to approval of shareholders and other regulatory approvals.
Management Commentary
Shri Upendra Narottamdas Shah, Chairman and Managing Director, stated that Q1 FY27 marks a positive start to the financial year with meaningful improvement in both revenue and profitability over the immediately preceding quarter. He noted that the previous quarter was impacted by geopolitical developments in the Middle East and resulting uncertainty across global markets, which affected business sentiment and trade flows.
With improving stability and the industry's ability to adapt to evolving market conditions, the company witnessed a healthy recovery in the current quarter. The return to profitability reflects disciplined execution, stronger operating performance and the resilience of the business model.
Shah highlighted the growing acceptance of lab-grown diamonds across domestic and international markets creating significant opportunities for the industry. As consumer preferences shift towards sustainable and value-driven alternatives, the company is positioned to leverage this structural trend through integrated manufacturing and jewellery capabilities.
The company remains focused on strengthening customer relationships, expanding product portfolio and enhancing operational efficiencies to drive sustainable revenue growth and long-term profitability.
Business Overview
Mini Diamonds (India) Limited is a public limited company established in 1987, listed on BSE Limited. The company operates in diamond import and export business with manufacturing facilities in Mumbai equipped with cutting-edge technology including Sarin Technology, Auto Bruiting Machines, Semi-Automatic Polishing Mills, and Sawing Machines.
The Mumbai facility serves as a hub for both diamond processing and jewellery manufacturing, creating integrated pieces that combine diamond processing expertise with jewellery craftsmanship. The company excels in manufacturing, marketing, and sales of lab-grown diamond jewellery through B2B and B2C channels in Indian and international markets.