Intimation for appointment of Internal Auditor
PNGJL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
P N Gadgil Jewellers reported strong FY2026 standalone results with revenue from operations of ₹1,06,407.38 million, up 39.4% from ₹76,305.49 million in FY2025. Profit after tax grew to ₹4,010.37 million, up 86.6% from ₹2,148.78 million in the prior year. EPS for the year stood at ₹29.55 per share vs ₹16.83 previously. The statutory auditor issued an unmodified (clean) opinion on the audited results. An exceptional item of ₹33.92 million was recorded due to a one-time provision for employee benefits under new Indian labour codes. Mrs. Riya Shah was appointed as Internal Auditor for FY2026-27. Current borrowings nearly doubled to ₹15,500.64 million (from ₹7,998.26 million) to fund inventory and store expansion, while operating cash flow was negative at -₹6,350.17 million, largely driven by a significant increase in inventory (up ₹16,168 million) as the company scales up operations.
The company delivered robust revenue and profit growth exceeding market expectations, with a clean audit opinion supporting financial quality. However, the doubling of borrowings and negative operating cash flow reflect aggressive expansion risks that investors should monitor. The appointment of a new internal auditor is a routine governance action with no apparent concern.