Q1 FY27 results approved: revenue INR 4,311.11 million, net profit INR 267.56 million

Board approved unaudited standalone results for the quarter ended June 30, 2026.

Mon 28 Sep 2026

Revenue from operations (Q1 FY27)

INR 4,311.11 million vs INR 3,100.60 million a year ago

Net profit (Q1 FY27)

INR 267.56 million vs INR 210.68 million a year ago

Profit before tax (Q1 FY27)

INR 358.49 million vs INR 283.43 million

Basic & diluted EPS (Q1 FY27)

INR 3.26 (not annualised)

IPO completion details

Fresh issue of 14,124,293 shares at INR 177 each (INR 2,500 million) + offer for sale of 11,848,340 shares (INR 2,097.16 million), listed…

What was decided

The Board of Directors met on Monday, September 28, 2026 (11:15 a.m. to 01:15 p.m. IST) and approved the unaudited standalone financial results for the quarter ended June 30, 2026, and took on record the limited review report of statutory auditor M/s. NSVR & Associates, Chartered Accountants.

Quarter numbers (INR in million)

• Revenue from operations: 4,311.11 versus 3,100.60 in the June 2025 quarter and 5,408.54 in the March 2026 quarter
• Other income: 0.17
• Total income: 4,311.28
• Total expenses: 3,952.80
• Profit before tax: 358.49 versus 283.43 a year ago
• Total tax expense: 90.92
• Profit for the period: 267.56 versus 210.68 a year ago
• Total comprehensive income: 267.85
• Basic and diluted EPS: INR 3.26 (not annualised), against INR 2.57 in the June 2025 quarter
• Paid-up equity share capital: 164.00 (face value INR 2 each)

For the full year ended March 31, 2026, revenue from operations was 19,266.76 and profit was 1,047.88, with annualised EPS of INR 12.78 and other equity of 2,216.70.

Points from the notes

• Cost of materials consumed was 4,488.80 for the quarter, alongside a change in inventories of finished goods, work-in-progress and stock-in-trade of (588.73), which reflects stock build-up during the quarter.
• The company designs, processes and supplies hallmarked 22-karat gold jewellery on a B2B basis, along with job-work services and trading of jewellery; it is treated as a single operating segment with operations primarily in India.
• After the quarter, the company completed its Initial Public Offer: a fresh issue of 14,124,293 equity shares of face value INR 2 each at an issue price of INR 177 per share (including share premium of INR 175 per share) aggregating INR 2,500 million, and an offer for sale of 11,848,340 shares at INR 177 per share aggregating INR 2,097.16 million. Shares were listed on NSE and BSE on September 08, 2026.
• The company has initiated the process of utilising IPO funds as per the object clause of the prospectus; a certain portion of net proceeds is temporarily deposited with scheduled commercial banks.
• On November 10, 2025 the face value was sub-divided from INR 10 to INR 2 per share, and bonus shares were allotted in the proportion of 3 bonus shares for every 1 fully paid-up share. Comparative EPS figures have been adjusted for the sub-division and bonus issue.
• Comparative June 2025 figures were extracted from Audited Special Purpose Interim Financial Statements; March 2026 quarter figures are balancing figures.
• The company has no subsidiary, associate or joint venture, so consolidated results are not applicable.
• The company has assessed the incremental impact of the four Labour Codes notified on November 21, 2025 and continues to monitor Central/State Rules.

Auditor's conclusion

The limited review states that nothing came to the auditor's attention causing them to believe the statement was not prepared in accordance with applicable recognition and measurement principles or contains any material misstatement.

How to read it

This is the company's first quarterly results disclosure after listing. Revenue and profit are higher than the same quarter last year but lower than the March 2026 quarter, which is common in a seasonal jewellery business. Because the IPO fresh issue was completed after June 30, 2026, its effect on share capital and cash is not reflected in these quarter-end figures.

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