Enclosed outcome of Board Meeting in respect of un-audited financial results for the quarter and nine months ended 31-Dec-2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.6 pts more than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sovereign Diamonds, an 18K fine jewellery maker, reported its Q3 FY26 (Oct-Dec 2025) results along with nine-month figures. Net sales for the quarter came in at Rs. 283.48 lakhs, up sharply from Rs. 132.87 lakhs in the previous quarter, though down from Rs. 1,154.96 lakhs in Q3 FY25. Profit after tax for the quarter was Rs. 40.17 lakhs versus Rs. 10.30 lakhs in Q2 FY26. However, the nine-month picture is weak: net sales dropped to Rs. 1,196.79 lakhs from Rs. 1,606.59 lakhs a year ago, a decline of around 25%. The company swung from a small profit of Rs. 13.84 lakhs in 9M FY25 to a loss of Rs. 434.83 lakhs in 9M FY26, with diluted EPS at Rs. -7.29. Cost of materials consumed rose sharply to Rs. 1,518.96 lakhs (9M FY26) from Rs. 870.98 lakhs (9M FY25), pressuring margins despite inventory changes. The statutory auditor (J.D. Zatakia & Co.) issued an unmodified review report with no qualifications or emphasis-of-matter.
Negative for shareholders — the company posted a sizeable nine-month loss and a roughly 25% revenue decline year-on-year, though the quarterly turnaround in Q3 shows some operational improvement. The clean audit opinion removes one layer of concern, but weak top-line and bottom-line trends remain key risks for the stock.