P N Gadgil Jewellers Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
PNGJL · price
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P N Gadgil Jewellers (PNGJL) announced audited results for Q4 and FY25 on May 15, 2025. Standalone FY25 revenue from operations rose ~26.5% YoY to Rs 76,305 million, while net profit jumped ~39% to Rs 2,149 million. Q4 FY25 revenue grew ~5% to Rs 15,742 million with net profit up ~14% at Rs 624 million. Consolidated FY25 net profit was Rs 2,183 million on revenue of Rs 76,935 million. Statutory auditors gave an unmodified opinion. The board approved the appointment of A S Desai & Associates as Secretarial Auditors for five years (FY26–FY30) and Mr. Swapnil Botkar as Internal Auditor for FY26. A proposal to raise funds via equity share issuance was considered but deferred for later discussion.
Strong FY25 earnings growth signals healthy jewellery demand post-IPO, though EPS dipped due to share dilution. The deferral of the equity fundraise removes near-term dilution fear but may delay growth capital deployment. Inventories more than doubled (Rs 9,371 mn to Rs 19,956 mn) — investors should watch for working-capital and gold price exposure.