Board Meeting Details

The Board of Directors meeting was held on Wednesday, 04th November 2026, commencing at 3:30 p.m. IST and concluding at 5:00 p.m. IST. The financial results were reviewed and recommended by the Audit Committee and approved by the Board.

Financial Results Overview

Quarter Ended 30th September 2026 (Unaudited)

  • Revenue from operations: ₹8,186.62 million
  • Other income: ₹16.23 million
  • Total income: ₹8,202.85 million
  • Total expenses: ₹7,676.42 million
  • Profit before tax: ₹526.43 million
  • Tax expense: ₹81.71 million (Current tax: ₹102.64 million, Deferred tax: ₹-10.93 million)
  • Profit after tax: ₹397.72 million
  • Basic EPS: ₹4.09
  • Diluted EPS: ₹3.98

Half Year Ended 30th September 2026 (Unaudited)

  • Revenue from operations: ₹13,671.52 million
  • Other income: ₹29.68 million
  • Total income: ₹13,701.20 million
  • Total expenses: ₹12,705.45 million
  • Profit before tax: ₹995.74 million
  • Tax expense: ₹261.04 million (Current tax: ₹265.67 million, Deferred tax: ₹-4.63 million)
  • Profit after tax: ₹734.70 million
  • Basic EPS: ₹7.62
  • Diluted EPS: ₹7.62

Balance Sheet Position (as at 30th September 2026)

  • Total assets: ₹10,313.99 million
  • Non-current assets: ₹770.96 million (Property, plant and equipment: ₹243.02 million; Right-of-use assets: ₹209.83 million)
  • Current assets: ₹9,543.03 million (Inventories: ₹352.00 million; Trade receivables: ₹3,575.54 million; Cash and cash equivalents: ₹410.70 million)
  • Total equity: ₹5,548.30 million (Equity share capital: ₹964.32 million; Other equity: ₹4,583.98 million)
  • Total liabilities: ₹4,765.69 million
  • Non-current liabilities: ₹82.17 million
  • Current liabilities: ₹4,683.52 million (Borrowings: ₹2,260.41 million; Trade payables: ₹280.51 million)

Cash Flow Statement (Half Year Ended 30th September 2026)

  • Cash flows from operating activities: ₹-775.07 million
  • Cash flows from investing activities: ₹-145.26 million
  • Cash flows from financing activities: ₹4,161.60 million
  • Net change in cash and cash equivalents: ₹3,220.73 million
  • Cash and cash equivalents at beginning: ₹261.81 million
  • Cash and cash equivalents at end: ₹410.70 million

IPO Proceeds Utilization

The company completed its Initial Public Offering (IPO) of 2,43,00,000 equity shares of face value ₹10 each at an issue price of ₹165 per share (including share premium of ₹155 per share) aggregating to ₹4,009.20 million after considering employee discount of ₹0.30 million. The shares were listed on NSE and BSE w.e.f. 17 September 2025.

Utilization of net IPO proceeds as of 30th September 2026:

  • Capital expenditure: ₹2,800.00 million (proposed: ₹2,800.00 million, utilized: ₹2,800.00 million)
  • Working capital requirement: ₹777.00 million (proposed: ₹777.00 million, utilized: ₹777.00 million)
  • General corporate purpose: ₹0.00 (proposed: ₹0.00, utilized: ₹0.00)
  • Issue expenses: ₹39.56 million (proposed: ₹42.41 million, revised: ₹39.56 million, utilized: ₹39.56 million)
  • Total unutilized amount: ₹1.07 million held in company's bank account

Additional Information

  • The financial results have been prepared in accordance with Ind AS 34 and comply with Regulation 33 of SEBI Listing Regulations
  • The company operates in a single segment of manufacturing and trading of Mangalsutra and gold jewellery
  • The statutory auditors, TR Chadha & Co LLP, have carried out a limited review of these results
  • The figures for previous periods have been regrouped/rearranged wherever necessary to conform to current period's classification