The Board of Directors of PNGS Reva Diamond Jewellery Limited approved the unaudited standalone financial results for the quarter ended September 30, 2026, at a meeting held on October 26, 2026. The meeting commenced at 11:10 AM and concluded at 11:57 AM.

Financial Results Highlights

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from operations: ₹1,205.41 million
  • Other income: ₹52.43 million
  • Total income: ₹1,257.44 million
  • Total expenses: ₹947.57 million
  • Profit before tax: ₹310.27 million
  • Tax expense: ₹77.33 million (comprising current tax charge of ₹79.51 million and deferred tax credit of ₹2.18 million)
  • Profit for the period: ₹232.94 million
  • Other comprehensive loss: ₹0.14 million
  • Total comprehensive income: ₹232.10 million
  • Basic and diluted earnings per share: ₹7.35

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from operations: ₹2,385.14 million
  • Other income: ₹108.19 million
  • Total income: ₹2,493.33 million
  • Total expenses: ₹1,119.01 million
  • Profit before tax: ₹674.25 million
  • Tax expense: ₹169.21 million
  • Profit for the period: ₹505.04 million
  • Other comprehensive loss: ₹0.26 million
  • Total comprehensive income: ₹504.78 million
  • Basic and diluted earnings per share: ₹15.93

Comparative Performance:

  • Q2 FY27 revenue growth of 17% YoY (from ₹1,029.69 million in Q2 FY26)
  • Q2 FY27 net profit growth of 83% YoY (from ₹126.84 million in Q2 FY26)
  • H1 FY27 revenue growth of 52% YoY (from ₹1,567.18 million in H1 FY26)
  • H1 FY27 net profit growth of 151% YoY (from ₹201.33 million in H1 FY26)

Operational Details

Revenue Breakdown (Management Comments):

  • Sale of diamond studded jewellery including precious stones: ₹1,205.41 million (Q2 FY27)
  • Gold sales: ₹0 million (Q2 FY27), compared to ₹205.50 million in Q2 FY26
  • The company clarified that gold sales represent only excess gold received from customers as part consideration for diamond jewellery purchases, used primarily in manufacturing new jewellery. The company does not engage in gold bullion or commodity trading.

Business Segments:

  • The company is engaged in trading diamond jewellery, platinum jewellery and other precious stones
  • There is no reportable segment as per Ind AS 108 as the CODM evaluates performance as a single unit
  • Operations are only in India with no single customer accounting for more than 10% of total revenue

Capital Structure

  • Paid-up equity share capital (face value ₹10 each): ₹316.91 million as of September 30, 2026
  • Other equity: ₹4,835.02 million as of March 31, 2026

IPO Proceeds Utilization

The company completed its Initial Public Offering (IPO) in FY26. Utilization status as of September 30, 2026:

| Object | Amount to be Utilized | Amount Utilized | Unutilized Amount |

| Funding expenditure towards setting-up of 15 New Stores | ₹2,865.64 million | ₹412.53 million | ₹2,453.11 million |

| Marketing and promotional expenses for new stores | ₹354.00 million | ₹6.59 million | ₹347.41 million |

| General corporate purposes | ₹271.59 million | ₹236.11 million | ₹35.48 million |

| Total | ₹3,491.23 million | ₹655.23 million | ₹2,836.00 million |

Unutilized IPO proceeds were temporarily retained in fixed deposits and monitoring accounts.

Store Network

As of October 26, 2026, the company had:

  • 34 SIS stores with P. N. Gadgil & Sons Limited
  • 5 exclusive brand stores

Total: 39 stores (increased from 36 stores as of March 31, 2026)

Tax Payments

For the current tax year 2026-27, the company has paid advance tax aggregating ₹100.00 million up to October 26, 2026.