Q1FY27 results: revenue up 30%, PAT up 34% YoY
MVGJL · price
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On the reaction day the stock moved 6.2 pts less than Nifty Microcap 250 and 6.8 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manoj Vaibhav Gems reported Q1FY27 revenue from operations of Rs 713.91 Cr, up 30% from Rs 548.94 Cr YoY. PAT rose 34% to Rs 27.57 Cr from Rs 20.59 Cr. EPS stood at Rs 5.64 versus Rs 4.22. An exceptional item of Rs 3.78 Cr was a reversal of an old provision on metal-based jewellery purchase plans. Board also approved re-appointment of statutory auditors Sagar and Associates for 5 years and re-appointment of three executive directors for 5-year terms.
Strong double-digit revenue and profit growth signals healthy jewellery demand. Leadership re-appointments ensure continuity at the promoter level.