1. Approved the Un-Audited Financial Results along with Limited Review Report (Standalone & Consolidated) of the Company for the quarter ended June 30, 2025, prepared in accordance with ....
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The board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2025, which were subjected to a limited review by statutory auditors V.A. Parikh & Associates. On a consolidated basis, net sales came in at Rs. 71,654 lakhs (down from Rs. 85,431 lakhs in Q4 FY25 but higher than Rs. 75,920 lakhs in Q1 FY25), while net profit jumped to Rs. 1,934 lakhs versus a loss of Rs. 613 lakhs in the preceding quarter, translating to an EPS of Rs. 12.08. Standalone net profit stood at Rs. 1,604 lakhs (EPS Rs. 10.02). The business is reported across two segments — diamonds and jewellery. Additionally, the board approved the re-appointment of Mr. Vipul Shah (CEO & Managing Director), Mr. Arvind Shah (Wholetime Director & CFO), and Mr. Rahil Shah (Wholetime Director) for another 5-year term effective January 1, 2026 to December 31, 2030, subject to shareholder approval.
A strong sequential recovery in profitability from the previous quarter's loss is positive for sentiment, though year-on-year revenue growth remains modest. The continuation of the existing promoter-family leadership provides stability but keeps governance concentrated within the Shah family pending shareholder approval.