Approved the Un-Audited Financial Statements (Standalone & Consolidated) along with Limited Review Report (Standalone & Consolidated) of the Company for the quarter and half year ended ....
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The Board of Asian Star Company, at its meeting on November 12, 2025, approved the unaudited financial results for the quarter and half year ended September 30, 2025, with an unqualified limited review report from V.A. Parikh & Associates LLP. Consolidated Q2 net sales rose ~16% YoY to Rs. 75,940 lacs and H1 FY26 sales grew ~4% to Rs. 1,47,595 lacs. The jewellery segment was the standout, with H1 revenue up ~21% YoY, while the diamond segment slipped ~3%. However, profitability weakened materially — consolidated Q2 PAT fell ~32% YoY to Rs. 1,170 lacs and H1 PAT dropped ~13% to Rs. 3,104 lacs, indicating margin pressure in the core diamond business. An exceptional loss of Rs. 257.40 lacs was booked, and standalone Q2 PAT also fell ~30% YoY to Rs. 987 lacs despite ~9% revenue growth.
Revenue growth is encouraging, especially in jewellery, but a sharp fall in profits signals cost or pricing pressure in the diamond segment, which may temper near-term investor sentiment despite overall topline improvement.