Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
Khazanchi Jewellers reported strong Q3 FY26 results with revenue from operations of Rs 58,902 lakhs, up about 50% from Rs 39,372 lakhs in Q3 last year. Nine-month revenue rose 34% to Rs 1,54,136 lakhs from Rs 1,14,995 lakhs. Profit after tax jumped to Rs 2,513 lakhs in Q3 (vs Rs 1,237 lakhs, ~103% YoY) and to Rs 6,382 lakhs for 9M (vs Rs 3,241 lakhs, ~97% YoY). EPS stood at Rs 10.12 for Q3 and Rs 25.76 for 9M. Total assets crossed Rs 44,819 lakhs, with inventory rising sharply to Rs 35,961 lakhs and current borrowings rising to Rs 10,513 lakhs from Rs 5,969 lakhs. The Board also approved a postal ballot to seek shareholder approval for revision in remuneration of Chairman, MD, Executive Director, CFO and CEO.
Sharply higher revenue and nearly doubled profits signal strong festive-season demand and margin expansion, which is positive for shareholders. However, the steep rise in inventory and short-term borrowings suggests higher working capital needs that could pressure cash flows going forward.