Board Meeting Details

The Board of Directors meeting was held on November 5, 2026, from 11:30 pm to 12:30 pm. The Board approved the unaudited standalone financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Reports issued by the statutory auditors.

Financial Results Summary (₹ in Millions)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹5,564.00 (Q2 FY27) vs ₹3,705.0 (Q2 FY26)
  • Total income: ₹5,566.19 (Q2 FY27) vs ₹3,705.06 (Q2 FY26)
  • Profit before tax: ₹340.59 (Q2 FY27) vs ₹298.60 (Q2 FY26)
  • Tax expense: ₹85.70 (Q2 FY27) vs ₹75.00 (Q2 FY26)
  • Profit after tax: ₹255.19 (Q2 FY27) vs ₹223.60 (Q2 FY26)
  • Basic EPS: ₹1.97 (Q2 FY27) vs ₹1.91 (Q2 FY26)
  • Diluted EPS: ₹1.97 (Q2 FY27) vs ₹1.91 (Q2 FY26)

Half Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹9,799.76 (H1 FY27) vs ₹6,456.80 (H1 FY26)
  • Total income: ₹9,802.27 (H1 FY27) vs ₹6,436.84 (H1 FY26)
  • Profit before tax: ₹970.48 (H1 FY27) vs ₹587.09 (H1 FY26)
  • Tax expense: ₹232.96 (H1 FY27) vs ₹147.45 (H1 FY26)
  • Profit after tax: ₹697.52 (H1 FY27) vs ₹439.63 (H1 FY26)
  • Basic EPS: ₹5.57 (H1 FY27) vs ₹3.75 (H1 FY26)
  • Diluted EPS: ₹5.57 (H1 FY27) vs ₹3.75 (H1 FY26)

Balance Sheet Position (as of September 30, 2026)

  • Total assets: ₹6,235.38 million (vs ₹4,037.61 million as of March 31, 2026)
  • Inventories: ₹3,194.29 million
  • Trade receivables: ₹2,604.30 million
  • Cash & cash equivalents: ₹36.65 million
  • Equity share capital: ₹733.16 million (increased from ₹587.75 million)
  • Other equity: ₹4,576.13 million (increased from ₹1,506.52 million)
  • Borrowings: ₹658.97 million (current)

Cash Flow Statement (H1 FY27)

  • Cash flow from operating activities: (₹1,319.95) million
  • Cash flow from investing activities: (₹107.36) million
  • Cash flow from financing activities: ₹1,463.71 million
  • Net increase in cash: ₹36.41 million

IPO Completion and Utilization

During the quarter ended September 30, 2026, the company completed its Initial Public Offering comprising:

  • Fresh Issue: 2,94,82,000 equity shares at ₹93.00 per share, aggregating ₹2,741.83 million
  • Offer for Sale: 1,00,00,000 equity shares by Promoter Selling Shareholders, aggregating ₹930.00 million

IPO proceeds utilization as of September 30, 2026:

  • Working capital requirement: ₹1,580.00 million (fully utilized)
  • Capex requirement: ₹380.00 million (fully utilized)
  • General corporate purposes (including issue expenses): ₹781.83 million (fully utilized)

Additional Information

  • The company operates in a single segment: gold jewellery manufacturing and wholesale trading
  • No investor complaints pending as of September 30, 2026
  • Previous year figures have been regrouped/reclassified for comparability
  • The statutory auditors, V J Shah & Co, issued an unmodified review report on the financial results