Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, 2015 please find the attached results for the quarter and half year ending 30th September, 2025.
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Palm Jewels Limited reported its unaudited standalone results for the quarter and half year ended 30 September 2025. Q2 FY26 revenue from operations jumped to Rs 7,784.67 lakhs, up about 57% year-on-year from Rs 4,952.66 lakhs, driven by stronger jewellery sales. However, profitability weakened with Q2 PAT falling to Rs 37.55 lakhs (down ~15% from Rs 43.95 lakhs) and PBT at Rs 46.81 lakhs (down ~20% from Rs 58.73 lakhs). The implied EBITDA margin in Q2 compressed to roughly 0.75% from 1.49% a year ago, signalling cost pressure despite higher volumes. On the half-year basis, PAT was Rs 54.29 lakhs versus Rs 18.62 lakhs last year, aided by a low base (Q1 FY25 had been loss-making).
Strong top-line growth is a positive signal for the jewellery business, but shrinking margins and weaker Q2 profits suggest cost or pricing pressure that investors should watch closely. Sharp reduction in long-term borrowings and a swing to positive operating cash flow are encouraging for the balance sheet, even as trade payables have risen sharply. Near-term stock reaction may be mixed given the divergence between robust revenue growth and weaker profitability.