Outcome of the Board Meeting held on October 29, 2025 to consider and approve inter-alia, the Unaudited Financial Results for the half year ended September 30, 2025
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PNGS Gargi Fashion Jewellery Limited reported its H1 FY26 (April–September 2025) results, with revenue from operations rising about 25% year-on-year to ₹7,375.92 lakhs from ₹5,894.16 lakhs. Q2 FY26 revenue jumped to ₹4,644.82 lakhs versus ₹2,295.10 lakhs in Q2 FY25, though the prior-year base included a one-time inventory transfer of ₹2,574.75 lakhs tied to a shift in the Shop-in-Shop business model. Profit after tax for H1 FY26 grew about 18% to ₹1,558.78 lakhs (EPS of ₹15.02). The auditor, Khandelwal Jain & Associates, issued a clean (unmodified) limited review report with no qualifications. The company highlighted strong festive-season performance (Sep 20 – Oct 23) and raised funds via a preferential allotment of 1,12,500 shares at ₹970 each (90,000 to promoter, 22,500 to non-promoters) to support pan-India expansion.
The results show healthy top-line growth and improving profitability, which should be supportive of the stock. However, operating cash flow turned negative (~₹393 lakhs used) due to a sharp inventory build-up of nearly ₹1,847 lakhs, a point investors should watch as the business expands. The preferential issue to the promoter signals confidence but causes a small dilution.