P N Gadgil Jewellers Limited has informed the Exchange regarding 'Appointment of Internal Auditor'.
PNGJL · price
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P N Gadgil Jewellers reported strong FY2026 results with standalone revenue of ₹1,06,407 million, 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 board also approved appointment of Mrs. Riya Shah as Internal Auditor for FY2026-27. Statutory auditors issued an unmodified (clean) opinion on the audited results. An exceptional item of ₹33.92 million was recorded due to one-time provision for employee benefits under new Labour Codes. Inventories nearly doubled year-over-year to ₹36,124 million, and current borrowings doubled to ₹15,501 million. The company listed via IPO in September 2024, and all IPO proceeds have been fully utilized.
Strong financial performance with near-doubling of PAT reflects healthy business growth post-IPO expansion. However, doubling of inventory and borrowings signals increased working capital leverage that investors should monitor. Clean audit opinion removes near-term audit risk.