Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, 2015, a meeting of the Board of the Company was held today where the unaudited financial results has been considered and approved.
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Palm Jewels Limited, an Ahmedabad-based gold jewellery maker, reported its Q3 FY26 standalone results. Revenue from operations for Q3 stood at ₹5,820.03 lakhs, down ~17% from ₹7,007.24 lakhs in the same quarter last year. For the nine months ended December 2025, revenue was ₹13,604.70 lakhs versus ₹15,215.43 lakhs in the prior year period, a decline of roughly 10.6%. Despite the lower revenue, net profit jumped sharply to ₹40.33 lakhs in Q3 (from ₹9.34 lakhs) and ₹84.28 lakhs for the nine months (from ₹46.89 lakhs), nearly an 80% YoY rise. EPS for 9M FY26 came in at ₹0.84 versus ₹0.47 earlier. The auditor issued an unmodified limited review report, indicating no concerns.
Profitability improved meaningfully even on shrinking topline, suggesting better cost control or margin expansion. However, the continued revenue contraction in a festive quarter is a concern and may put pressure on the stock if growth does not recover.