Meeting Details

The Board meeting was held on Friday, November 13, 2026, from 12:30 PM to 1:30 PM. The results were recommended by the Audit Committee and reviewed by the statutory auditors.

Standalone Financial Results (₹ in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: 1,947.59
  • Other income: 1.49
  • Total income: 1,949.08
  • Total expenses: 1,829.78
  • Profit before tax: 119.29
  • Tax expense: 34.65 (Current tax: 33.42, Deferred tax: 1.23)
  • Profit for the period: 84.65
  • Earnings per share (Basic & Diluted): ₹1.66

Half Year Ended September 30, 2026:

  • Revenue from operations: 3,904.39
  • Other income: 2.59
  • Total income: 3,906.98
  • Total expenses: 3,643.85
  • Profit before tax: 263.13
  • Tax expense: 74.11 (Current tax: 69.94, Deferred tax: 4.17)
  • Profit for the period: 189.02
  • Earnings per share (Basic & Diluted): ₹3.71

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from operations: 1,669.06
  • Profit for the period: 52.16
  • EPS: ₹1.08

Consolidated Financial Results (₹ in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: 2,556.16
  • Other income: 1.67
  • Total income: 2,557.83
  • Total expenses: 2,407.14
  • Profit before tax: 150.69
  • Tax expense: 64.28 (Current tax: 56.07, Deferred tax: 8.21)
  • Profit for the period: 86.41
  • Attributable to equity holders: 80.75
  • Attributable to non-controlling interest: 5.66
  • Earnings per share (Basic & Diluted): ₹1.59

Half Year Ended September 30, 2026:

  • Revenue from operations: 5,271.29
  • Other income: 2.94
  • Total income: 5,274.23
  • Total expenses: 4,823.37
  • Profit before tax: 450.86
  • Tax expense: 144.73 (Current tax: 129.89, Deferred tax: 14.84)
  • Profit for the period: 306.13
  • Attributable to equity holders: 264.81
  • Attributable to non-controlling interest: 41.32
  • Earnings per share (Basic & Diluted): ₹5.20

Balance Sheet Highlights (Standalone as of September 30, 2026)

  • Total assets: ₹5,029.20 lakh
  • Inventories: ₹3,940.57 lakh (significant increase from ₹2,890.75 lakh as of March 31, 2026)
  • Property, plant and equipment: ₹396.01 lakh (up from ₹95.49 lakh)
  • Borrowings: ₹2,489.84 lakh (Non-current: ₹1,491.08 lakh, Current: ₹998.76 lakh)
  • Equity share capital: ₹508.82 lakh (increased from ₹101.76 lakh due to bonus issue)

Capital Structure Change

On April 27, 2026, the company allotted 4,07,05,192 bonus equity shares in the ratio of 4:1 (four bonus shares for every one equity share held). This increased the weighted average number of shares from approximately 4.83 crore to 5.09 crore shares, with retrospective adjustment of EPS figures.

Segment Information

The company is engaged primarily in a single line of business (jewellery business) with no separate reportable segments as defined under Ind AS 108.

Auditor Review

Sagar & Associates, Chartered Accountants (Firm Registration No. 003510S), issued unmodified limited review reports for both standalone and consolidated financial results. Partner B. Aruna (Membership No: 216454) signed the review reports.

Subsidiaries Included in Consolidation

  • Vega Jewellery Mart Private Limited (100% wholly owned subsidiary)
  • Diamond Nest Private Limited (100% wholly owned subsidiary)
  • Vega Jewellers KKD LLP (67.99% holding)
  • Vega Jewellers ELR LLP (79.99% holding)
  • Vega Jewellers DSNR LLP (64.99% holding)
  • Vega Jewellers J Hills LLP (60.98% holding)

Additional Information

The financial results are available on the BSE website (www.bseindia.com) and company website (www.vegajewellers.com).