Financial Performance Highlights
Quarter Ended September 30, 2026 (Unaudited):
- Revenue from operations: ₹2,671.69 lakh
- Total income: ₹2,671.69 lakh
- Total expenses: ₹2,624.45 lakh
- Profit before tax: ₹47.24 lakh
- Tax expense: ₹12.03 lakh (Current tax: ₹11.88 lakh, Deferred tax: ₹0.15 lakh)
- Profit after tax: ₹35.21 lakh
- Basic and diluted EPS: ₹0.79
Half Year Ended September 30, 2026 (Unaudited):
- Revenue from operations: ₹3,949.59 lakh
- Total income: ₹3,949.60 lakh
- Total expenses: ₹3,869.07 lakh
- Profit before tax: ₹80.53 lakh
- Tax expense: ₹20.41 lakh
- Profit after tax: ₹60.12 lakh
- Basic and diluted EPS: ₹1.34
Comparative Performance
Quarter Comparison (Q2 FY27 vs Q2 FY26):
- Revenue increased from ₹1,326.74 lakh to ₹2,671.69 lakh
- Profit after tax: ₹35.21 lakh vs ₹31.65 lakh
Half Year Comparison (H1 FY27 vs H1 FY26):
- Revenue increased from ₹1,512.02 lakh to ₹3,949.60 lakh
- Profit after tax: ₹60.12 lakh vs ₹39.81 lakh
Balance Sheet Position (as at September 30, 2026)
- Total Assets: ₹5,094.92 lakh (vs ₹5,619.49 lakh as at March 31, 2026)
- Property, plant and equipment: ₹1.38 lakh
- Trade Receivables: ₹4,985.08 lakh
- Cash and cash equivalents: ₹102.40 lakh
- Inventories: ₹1.73 lakh
- Total Equity: ₹586.94 lakh (Share capital: ₹447.82 lakh, Other equity: ₹139.12 lakh)
- Current Liabilities: ₹4,507.98 lakh (Trade payable: ₹4,298.42 lakh, Borrowings: ₹72.98 lakh)
- Current Tax Liabilities (Net): ₹121.34 lakh
Cash Flow Statement (Half Year Ended September 30, 2026)
- Net cash generated from operating activities: ₹1,526.92 lakh
- Cash flow used in financing activities: ₹(1,531.63) lakh (mainly repayment of unsecured loans)
- Net decrease in cash and cash equivalents: ₹(4.71) lakh
- Cash and cash equivalents comprise Cash in Hand: ₹102.08 lakh and balances with Banks in Current Account: ₹0.32 lakh
Auditor's Review and Qualifications
The financial results were reviewed by Dhadda & Associates, Chartered Accountants (Firm Registration No: 013807S). Their limited review report dated November 14, 2026, included two Emphasis of Matter items:
1. Income Tax Demand: The company has not made any provision for demand raised by the Income Tax Department as the matter is pending before appellate forums. The consequential financial impact cannot presently be ascertained.
2. MSME Classification: The company has not appropriately identified and classified its trade payables into MSME and other creditors, and has not computed or provided for penal interest on delayed payments to MSME suppliers as prescribed under the MSMED Act, 2006. The financial impact cannot presently be ascertained.
The auditor's conclusion was not modified in respect of these matters.
Additional Notes
- The company operates in a single segment: trading in bullion, jewellery, precious stones and allied minerals
- Income tax of ₹109.46 lakh for FY 2025-26 remained unpaid as at September 30, 2026
- The figures for the quarter ended September 30, 2026 are balancing figures between unaudited H1 FY27 figures and unpublished YTD figures up to June 30, 2026
- The financial results were approved by the Board of Directors in their meeting held on November 14, 2026