Outcome of board meeting dated 09-08-2025
Price
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Awaiting price reaction for this filing.
Uday Jewellery Industries' board met on 9 August 2025 and approved its Q1 FY26 (quarter ended 30 June 2025) unaudited standalone results. Revenue from operations jumped to Rs. 112.90 crore, up from Rs. 41.49 crore in Q1 FY25 — a near 2.7x year-on-year rise. Total income stood at Rs. 113.08 crore vs Rs. 41.56 crore, while net profit surged to Rs. 7.76 crore from Rs. 2.62 crore (~196% growth). Basic EPS rose to Rs. 3.39 from Rs. 1.19. The board re-appointed Mr. Sunil Garg as a Non-Executive Independent Director for five years and appointed Mr. Dileep Kumar Jain (ex-IFCI Executive Director) as an Additional Non-Executive Independent Director. It also took note of NCLT-ordered meetings to approve the merger scheme with Narbada Gems & Jewellery Ltd, with the shareholder meeting scheduled for 21 August 2025.
The strong Q1 numbers — revenue nearly tripling and profits almost tripling — signal robust demand and likely price action to be positive. The ongoing merger with Narbada Gems & Jewellery and addition of a senior banking professional (Dileep Kumar Jain) to the board are key governance/corporate events for investors to track.