Financial Performance Highlights (Standalone, in ₹ Lakhs)
Income Statement
- Revenue from Operations: ₹14,327.36 lakhs for Q1 FY26, compared to ₹13,363.83 lakhs in Q1 FY25 (7.2% increase) and ₹22,634.57 lakhs in Q4 FY25
- Other Income: ₹106.52 lakhs for Q1 FY26, compared to ₹7.22 lakhs in Q1 FY25 and ₹403.77 lakhs in Q4 FY25
- Total Income: ₹14,433.88 lakhs for Q1 FY26, compared to ₹13,371.04 lakhs in Q1 FY25 and ₹23,038.34 lakhs in Q4 FY25
Expenses Breakdown
- Cost of Material Consumed: ₹11,050.39 lakhs
- (Increase)/Decrease in Stock-in-Trade: ₹923.06 lakhs (increase)
- Employee Benefit Expenses: ₹480.34 lakhs
- Finance Cost: ₹220.82 lakhs
- Depreciation & Amortization: ₹46.28 lakhs
- Other Expenses: ₹286.91 lakhs
- Total Expenses: ₹13,007.80 lakhs
Profitability Metrics
- Profit Before Tax: ₹1,426.09 lakhs
- Tax Expenses: ₹358.95 lakhs
- Net Profit After Tax: ₹1,067.14 lakhs (₹10.67 crore)
- Earnings Per Share (Basic): ₹3.15 (not annualized)
- Earnings Per Share (Diluted): ₹3.15 (not annualized)
Comparative Performance
| Period | Revenue | Net Profit | EPS |
| Q1 FY26 (30.06.2026) | ₹14,327.36 lakhs | ₹1,067.14 lakhs | ₹3.15 |
| Q4 FY25 (31.03.2026) | ₹22,634.57 lakhs | ₹1,066.17 lakhs | ₹3.17 |
| Q1 FY25 (30.06.2025) | ₹13,363.83 lakhs | ₹1,009.31 lakhs | ₹3.09 |
| FY25 (31.03.2026) | ₹72,563.09 lakhs | ₹3,576.78 lakhs | ₹10.78 |
Capital Structure
- Paid-up Equity Share Capital: ₹3,405.29 lakhs (face value ₹10 per share)
- Reserves (as per previous year balance sheet): ₹17,302.33 lakhs (excluding revaluation reserves)
Important Notes and Context
Merger Impact
The National Company Law Tribunal (NCLT) approved the merger of Narabada Gems and Jewellery Limited (Transferor Company) with Uday Jewellery Industries Limited (Transferee Company) on January 21, 2026, with appointed date of April 1, 2024. Consequently, the financial results for prior quarters/periods have been restated to reflect the impact of the merger, presenting the standalone performance of the combined entity.
Accounting and Compliance
- Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
- The company operates in one segment only (jewellery), with the Chairman and Managing Director identified as the Chief Operating Decision Maker (CODM)
- Figures for corresponding previous year have been re-grouped/re-classified for comparability
- Q4 FY25 figures are balancing figures between audited full-year FY26 and published unaudited YTD figures up to December 31, 2025
Approval and Review Process
- Financial results reviewed and recommended by Audit Committee
- Approved by Board of Directors in meeting held on August 13, 2026
- Reviewed by statutory auditors Anant Rao & Mallik (FRN: 006266S)