Financial Results Disclosure

Mini Diamonds (India) Limited filed a disclosure under Regulation 30 of SEBI Listing Regulations containing unaudited consolidated financial results for Q2 and H1 FY27 ended September 30, 2026.

Financial Performance Highlights

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations: ₹21,418.49 lakhs (up 43.31% YoY)
  • EBITDA: ₹459.28 lakhs (up 49.22% YoY)
  • Profit Before Tax: ₹443.31 lakhs (up 37.49% YoY)
  • Profit After Tax: ₹293.39 lakhs (up 12.07% YoY)
  • EPS - Basic & Diluted: ₹0.12

Quarterly Sequential (Q2 FY27 vs Q1 FY27):

  • Revenue from Operations increased 8.98% from ₹19,652.85 lakhs
  • Profit After Tax increased 9.81% from ₹267.17 lakhs

Half Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from Operations: ₹41,071.34 lakhs (up 64.26% YoY)
  • EBITDA: ₹829.07 lakhs (up 47.88% YoY)
  • Profit Before Tax: ₹800.33 lakhs (up 41.76% YoY)
  • Profit After Tax: ₹560.56 lakhs (up 27.37% YoY)
  • EPS - Basic & Diluted: ₹0.24

Note: H1 FY27 PAT of ₹560.56 lakhs is approximately 427% higher than full-year FY26 PAT of ₹106.38 lakhs.

Business Update: April – November 2026

During H1 FY27, the Company secured domestic orders aggregating approximately ₹85 crore across cut and polished lab-grown diamonds, fancy coloured lab-grown diamonds, and natural diamonds. Significant portion came as repeat orders from existing Mumbai-based clients alongside new customers. Export relationships in Hong Kong and Far East continue to form important part of customer base.

Corporate Actions and Capital Base

Bonus Issue:

  • Board approved 1:1 bonus issue on April 23, 2026
  • Following sub-division of equity shares from ₹10/- to ₹2/- face value
  • Approved by members through postal ballot
  • 11,78,45,580 fully paid-up bonus equity shares allotted on June 17, 2026
  • Capitalised from reserves
  • Paid-up equity share capital increased from ₹2,356.91 lakhs to ₹4,713.82 lakhs

Preferential Warrant Issue:

  • Board approved issuance of up to 1,11,00,000 warrants on July 9, 2026
  • Each convertible into 1 equity share of ₹2/- face value
  • Price: ₹8/- per warrant (₹6/- premium)
  • Aggregate value: ₹8,88,00,000
  • To Promoter/Promoter Group on preferential basis
  • Approved by members at EGM on August 7, 2026
  • BSE in-principle approval granted on October 5, 2026
  • Warrants allotted on October 13, 2026 upon receipt of 25% amount (₹2.22 crore)
  • Balance 75% (₹6.66 crore) payable at conversion within 18 months from allotment
  • Proceeds intended for procurement of lab-grown diamond roughs and polished stones

AGM Update:

  • 39th Annual General Meeting held on September 30, 2026
  • Shareholders approved all resolutions including re-appointment of Shri Upendra Narottamdas Shah as Chairman and Managing Director

Retail Jewellery Business Expansion

Through wholly owned subsidiary Namra Jewels Private Limited, the Company expanded its consumer-facing offerings with:

  • Fancy coloured lab-grown diamond jewellery
  • Festive designer solitaire range
  • Exclusive men's collection
  • Contemporary collection for Gen Z and young buyers
  • Gold and silver idols in festive and devotional segment
  • New formats: Make-to-Order service for personalised jewellery and franchise-led retail model

Chairman's Commentary

Shri Upendra Narottamdas Shah, Chairman and Managing Director, highlighted strong H1 performance with 64.26% revenue growth and 27.37% PAT growth. Noted ₹85 crore domestic orders reflecting client trust in quality and execution. Confirmed promoter confidence through warrant subscription at premium. Emphasized growing acceptance of lab-grown diamonds in domestic and international markets.

Company Background

Mini Diamonds (India) Limited, established in 1987, is BSE-listed company engaged in cut and polished diamonds (natural and lab-grown) and jewellery manufacturing with facility in Mumbai. Operates through wholly owned subsidiary Namra Jewels Private Limited for retail jewellery business.