Outcome of Board Meeting held on May 14, 2026
PNGJL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
P N Gadgil Jewellers reported strong FY26 results with standalone revenue from operations growing 39.4% to Rs 1,06,407 million from Rs 76,305 million in FY25. Profit after tax jumped 86.6% to Rs 4,010 million from Rs 2,149 million. The statutory auditors issued an unmodified (clean) opinion on the audited financial results. The board also approved appointment of Mrs. Riya Shah as Internal Auditor for FY26-27. An exceptional item of Rs 33.92 million was recorded due to one-time employee benefit provision under new labour codes. Cash flow from operations remained negative at Rs 6,350 million, though improved from Rs 6,887 million in FY25. Inventories nearly doubled to Rs 36,124 million, while current borrowings doubled to Rs 15,501 million.
Strong revenue and profit growth of ~40% and ~87% respectively indicates robust business performance. However, significant increase in borrowings and negative operating cash flow may raise concerns about working capital management. The clean audit opinion is positive for investors.