Q1 FY27 results: net loss narrows to Rs 57 lakh, revenue drops 83% YoY
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Sovereign Diamonds reported Q1 FY27 (quarter ended 30 June 2026) net loss of Rs 57.08 lakhs, sharply smaller than Rs 485.28 lakhs loss in the year-ago quarter. Net sales plunged about 83 percent to Rs 130.30 lakhs from Rs 780.44 lakhs. Total expenses also fell steeply to Rs 209.48 lakhs versus Rs 1,303.34 lakhs. Loss before tax narrowed to Rs 60.23 lakhs from Rs 485.53 lakhs. EPS stood at negative Rs 0.99 against negative Rs 8.38 earlier. Statutory auditor J D Zatakia and Co issued an unmodified review report.
Sharp revenue slump is a concern despite narrower losses. Watch business recovery, order book, and margins in upcoming quarters.