Advit Jewels Q2 FY27 Results: Standalone Net Profit ₹12.76 Crore on Total Income of ₹59.10 Crore
- Earnings
- gold jewellery manufacturing
Reviewed byRachit TripathiBlacklitt Research
Advit Jewels (NSE: RAMBHAJO) reported standalone total income of ₹59.10 crore and net profit of ₹12.76 crore for the quarter ended 30 Sep 2026, it said in a filing on 31 Oct 2026. The figures are unaudited and were subject to a limited review by the statutory auditor.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹59.10 crore, up 23.9% YoY and 67.0% QoQ
- Net profit and EPS: ₹12.76 crore, up 28.0% YoY; basic EPS ₹2.83 against ₹3.11 a year earlier
- Finance costs: ₹0.51 crore, down 68.3% YoY from ₹1.60 crore
- Profit before tax: ₹15.58 crore, up 29.0% YoY and 57.5% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 59.10 | 47.69 | +23.9% | 35.40 | +67.0% | |
| Revenue from operations | 58.81 | 47.69 | +23.3% | 35.32 | +66.5% |
| Other income | 0.29 | 0.00 | n/a | 0.08 | +262.0% |
| 12.76 | 9.97 | +28.0% | 8.19 | +55.8% | |
| Profit before tax | 15.58 | 12.08 | +29.0% | 9.89 | +57.5% |
| Finance costs | 0.51 | 1.60 | -68.3% | 1.45 | -65.2% |
| Depreciation | 0.35 | 0.16 | +116.2% | 0.38 | -10.3% |
| Tax expense | 2.82 | 2.11 | +33.7% | 1.70 | +65.7% |
| Net profit margin | 21.59% | 20.91% | +0.68 pp | 23.12% | -1.54 pp |
| EPS, basic (₹) | 2.83 | 3.11 | -9.0% | 2.46 | +15.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than total income over the year: ₹12.76 crore against ₹9.97 crore a year earlier is a rise of 28.0%, while total income rose 23.9%. Finance costs fell to ₹0.51 crore from ₹1.60 crore, so they were 0.9% of total income this quarter.
Other income is small. At ₹0.29 crore it is 0.5% of total income and 1.9% of profit before tax of ₹15.58 crore, so the quarter's profit rests mainly on revenue from operations of ₹58.81 crore.
Tax expense of ₹2.82 crore is 18.1% of profit before tax, up from ₹2.11 crore a year earlier. Basic EPS fell 9.0% to ₹2.83 while net profit rose 28.0%; the paid-up equity share capital was ₹45.81 crore at 30 Sep 2026 against ₹32.01 crore a year earlier, and the filing does not give the number of shares behind the EPS figure.
Depreciation rose to ₹0.35 crore from ₹0.16 crore a year earlier. The filing notes that the quarter's figures are the balancing figures between the half year and the quarter ended 30 Jun 2026. Against the quarter ended 30 Jun 2026, total income rose 67.0% and net profit rose 55.8%, a slower rise in profit than in income.
The company operates in a single business segment of manufacturing gold ornaments and jewellery, including Kundan, Meena and Polki jewellery, for domestic and export markets. The filing says segment reporting under Ind AS 108 is not applicable.
The company made a private placement of 18,32,000 equity shares at ₹125 each, aggregating to ₹22.90 crore and allotted on 13 May 2026. Of those proceeds, ₹4.32 crore has been used in the half year and ₹18.58 crore remains unutilised as at 30 Sep 2026, against a planned use of general corporate purposes.
The company also completed an IPO of 1,19,68,000 equity shares at ₹138 each, aggregating to ₹165.16 crore, allotted on 29 Jun 2026 and listed on BSE and NSE on 1 Jul 2026. Of the IPO proceeds of ₹165.16 crore, ₹125.73 crore was used up to 30 Sep 2026. In the half year, six investor complaints were received, five were resolved and one was unresolved at period end.
Inference
The filing states that the board approved the results on 31 Oct 2026 and that the auditor's limited review found nothing to suggest material misstatement. The filing reports the paid-up capital increase and the IPO proceeds in use, but it does not state a dividend policy or any dividend declared.
Not stated: whether the unutilised private placement proceeds of ₹18.58 crore have been deployed since 30 Sep 2026, and the reason for the rise in tax adjustments for earlier years.
Filed with BSE on . Reference: Original filing (PDF)
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