Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2025.
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Mini Diamonds India reported Q1 FY26 standalone revenue of ₹10,045.90 lakhs, up about 12.7% YoY from ₹8,912.99 lakhs. Standalone profit before tax rose to ₹245.56 lakhs vs ₹183.63 lakhs in Q1 FY25, while net profit after tax was nearly flat at ₹181.74 lakhs (vs ₹183.63 lakhs), translating to EPS of ₹0.77. On a sequential basis, the company swung back to profit from a ₹270 lakh loss in Q4 FY25. Consolidated results were broadly similar with revenue of ₹10,057.79 lakhs and PAT of ₹178.31 lakhs, including minor contributions from two recently incorporated subsidiaries — Namra Jewels Pvt Ltd and Pyramid Gold Assaying & Hallmarking Centre Pvt Ltd. The statutory auditor (Mittal & Associates) issued an unqualified limited review report with no qualifications or emphasis of matter.
The YoY top-line growth and recovery from the previous quarter's loss are mildly positive, but margins remain razor-thin (under 3%) reflecting the low-value-add nature of gems & jewellery trading. Shareholders should note the company is awaiting BSE in-principle approval to issue up to 60 lakh convertible warrants at ₹153 each, which could lead to equity dilution if approved.