Audited Standalone and Consolidated Financial Results for the Quarter and Year ended March 31, 2026
PNGJL · price
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P N Gadgil Jewellers reported strong full-year results with standalone revenue from operations of ₹1,06,407 million for FY2026, up 39.4% from ₹76,305 million in FY2025. Net profit after tax grew 86.6% to ₹4,010 million from ₹2,149 million. Basic EPS improved to ₹29.55 from ₹16.83. The company had an unmodified audit opinion from GDA & Associates. An exceptional item of ₹33.92 million was recorded due to new labour code implementation. Current borrowings nearly doubled to ₹15,501 million to fund inventory buildup (up 81% to ₹36,124 million) and store expansions. Operating cash flow remained negative at ₹6,350 million due to high inventory investment, though slightly improved from ₹6,887 million last year. The company completed its IPO utilization with all ₹8,500 million deployed.
The company delivered robust revenue and profit growth exceeding 20% and 25% thresholds respectively, indicating strong operational performance. However, the near-doubling of debt and negative operating cash flow warrant monitoring. The unmodified audit opinion with no going concern issues provides some comfort.