BlueStone Jewellery and Lifestyle Limited has informed the Exchange regarding Board meeting held on November 04, 2025.
BLUESTONE · price
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Awaiting price reaction for this filing.
BlueStone's Board, on November 4, 2025, approved its first quarterly results as a listed company (listed on BSE/NSE on August 19, 2025, post its IPO at ₹517/share). Consolidated revenue from operations for Q2 FY26 grew ~37.6% year-on-year to ₹5,136.27 million (vs ₹3,733.64 million in Q2 FY25), and H1 FY26 revenue rose ~39.5% to ₹10,063.05 million. However, the company remains in losses, though losses are narrowing — consolidated Q2 FY26 loss before tax was ₹521.02 million (vs ₹844.71 million in Q2 FY25) and H1 FY26 loss was ₹868.47 million (vs ₹1,436.92 million in H1 FY25). Of the ₹8,200 million net IPO proceeds, only ₹1,906.50 million had been utilised as of September 30, 2025, with ₹6,293.50 million still unutilised (largely earmarked for working capital). The promoter also contributed ₹76.83 million towards a 'PC shortfall amount' under SEBI ICDR norms.
Strong revenue growth and a meaningful narrowing of losses are positives for a newly-listed stock, but the company is still loss-making and burning cash (net cash used in operations of ₹757.31 million in H1 FY26). Investors will watch for sustained margin improvement and faster deployment of IPO funds to drive the path to profitability.