Declaration of Unaudited financial results for 31.12.2025
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Darshan Orna Ltd, a Gujarat-based jewellery company, reported its unaudited results for Q3 FY26 and the nine months ended December 31, 2025. Revenue from operations jumped sharply to Rs 2,507.03 lakhs in Q3 FY26 from Rs 239.80 lakhs in Q3 FY25, while nine-month revenue surged to Rs 4,616.58 lakhs from Rs 1,328.33 lakhs last year, largely reflecting the steep rise in gold prices. Profit after tax for the quarter stood at Rs 8.63 lakhs (down from Rs 10.66 lakhs), but for the nine months grew to Rs 53.86 lakhs from Rs 42.86 lakhs. The auditor (Shah Karia & Associates) issued a clean, unqualified review report with no observations or qualifications. Margins remain wafer-thin, with quarterly profit before tax of just Rs 11.63 lakhs on revenue of over Rs 2,500 lakhs.
The sharp revenue jump is primarily driven by higher gold prices rather than volume growth, which is why profitability hasn't kept pace. For shareholders, the headline revenue growth looks impressive but the bottom line remains marginal, so investors should look at margins and volumes rather than top-line numbers alone before drawing conclusions on business health.