The Board approved the Unaudited Standalone Financial Results for the half year ended September 30, 2026, along with the Limited Review Report. The company also submitted a Statement of Deviation or Variation in utilization of funds raised through Public Issue as required under Regulation 32 of the Listing Regulations.
Financial Results Highlights (Half Year Ended September 30, 2026)
- Revenue from Operations: ₹24,938.19 lacs (₹249.38 crore)
- Other Income: ₹71.19 lacs
- Total Income: ₹25,009.38 lacs (₹250.09 crore)
- Cost of Material Consumed: ₹21,004.15 lacs
- Employee Benefits Expense: ₹123.87 lacs
- Finance Costs: ₹365.75 lacs
- Profit Before Tax: ₹1,349.39 lacs (₹13.49 crore)
- Total Tax Expenses: ₹364.41 lacs
- Net Profit for the Period: ₹984.98 lacs (₹9.85 crore)
- Paid-up Equity Share Capital: ₹1,762.15 lacs (Face Value ₹10 per share)
- Basic EPS: ₹6.58
- Diluted EPS: ₹6.58
Comparative Financial Performance
Half Year Ended September 30, 2026 vs September 30, 2025:
- Revenue increased from ₹17,933.51 lacs to ₹24,938.19 lacs
- Net Profit decreased from ₹1,191.53 lacs to ₹984.98 lacs
- EPS decreased from ₹9.66 to ₹6.58
Balance Sheet Position (as of September 30, 2026):
- Total Assets/Liabilities: ₹18,400.92 lacs
- Shareholders' Funds: ₹9,258.46 lacs (Share Capital: ₹1,762.15 lacs + Reserves: ₹7,496.31 lacs)
- Inventories: ₹5,920.25 lacs
- Trade Receivables: ₹8,687.23 lacs
- Cash and Cash Equivalents: ₹215.11 lacs
Auditor's Limited Review Report
AK S A AND COMPANY (FRN-024925C) issued a Limited Review Report with a disclaimer of conclusion citing:
1. This represents the first Limited Review Report since the company's listing on SME Board on June 2, 2026
2. Comparative figures derived from audited financial statements of preceding year and unaudited half-yearly information
3. Inventory valued at cost (lower of cost and net realizable value) based on management confirmation of physical verification and market rates
4. Management representation that IPO proceeds utilized in accordance with offer document, but review does not constitute audit of fund utilization
5. Financial results prepared under Accounting Standards (not Ind AS) as company qualifies for SME exemption
The auditors conducted their review in accordance with SRE 2410 but were unable to obtain sufficient appropriate audit evidence to provide a basis for conclusion.
IPO Fund Utilization
The company raised ₹39 crores through an Initial Public Offering with listing on SME Board on June 2, 2026. The Statement of Deviation confirms:
- No deviation/variation in utilization of funds raised
- Funds utilized exactly as per original objects:
- Working Capital Requirement: ₹21.50 crores (fully utilized)
- Repayment of Borrowings: ₹11.00 crores (fully utilized)
- General Corporate Purposes: ₹6.5364 crores (fully utilized)
- Issue Related Expenses: ₹4.8407 crores (fully utilized)
- Audit Committee reviewed and confirmed no deviations from stated objects
Additional Information
- The financial results were reviewed by the Audit Committee and approved by the Board
- EPS calculations are for the respective reporting periods and not annualized
- No investor complaints pending as of September 30, 2026
- Company operates in a single business segment (jewellery manufacturing and trading)
- Trading window for insiders to reopen after 48 hours of results declaration as per SEBI Insider Trading Regulations