PNGS Reva Diamond Jewellery Limited has submitted to the Exchange, the audited standalone financial results for the quarter and year ended March 31, 2026 and Appointment of Secretarial Auditor.
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PNGS Reva Diamond Jewellery Limited reported FY2026 revenue of Rs 4,390.28 million and PAT of Rs 646.55 million, compared to FY2025 revenue of Rs 644.70 million and PAT of Rs 65.85 million. However, these comparisons are not meaningful because the company was incorporated only in December 2024 via conversion from a partnership firm and acquired the diamond business via slump sale in January 2025. The company listed on NSE and BSE in March 2026 after its IPO of 98.32 lakh equity shares at Rs 386 per share, raising Rs 3,491.24 million net. As of March 2026, the company operates 34 SIS stores and 2 exclusive brand stores. Operating cash flow was negative at Rs 1,048.26 million primarily due to inventory buildup of Rs 1,561.37 million for planned new store expansion. Statutory auditors MSKA & Associates issued an unmodified (clean) opinion. Ms. Ruchi Bhave was appointed as Secretarial Auditor for 5 years from FY2026-27.
The financial results are not directly comparable with prior periods due to the corporate restructuring. The company appears to be in a high-growth phase post-IPO, but the negative operating cash flow and substantial inventory buildup warrant monitoring. The clean audit opinion is positive for investor confidence.