| Metric | Value (₹ Cr) | Q1 FY26 |
|---|---|---|
| Revenue | 196.53 | 95.4% |
| Total Income | 196.53 | 95.4% |
| Expenditure | 192.96 | 96.6% |
| PBT | 3.57 | 47.5% |
| Net Profit | 2.67 | 49.8% |
| OPM | 1.88% | 0.63pp |
| NPM | 1.36% | 0.41pp |
| EPS | 0.11 | 85.5% |
Revenue nearly doubled YoY but OPM (2.51%→1.88%) and NPM (1.77%→1.36%) both compressed and EPS fell sharply (0.76→0.11) despite higher net profit, signalling diluted, lower-quality growth typical for this low-margin diamond trading business.
Mini Diamonds Q1 FY27 Revenue Up 29.7% QoQ to ₹196.41 Cr
03 Aug 2026 · 3 Aug, 2:04 pm
Summary
Mini Diamonds (India) Limited reported a strong start to FY27 with a significant sequential improvement in operating performance for the quarter ended June 30, 2026. Revenue from operations increased by 29.71% Quarter-On-Quarter to ₹196.41 Crore. Profitability also saw a substantial rebound, with Profit Before Tax improving to ₹3.66 Crore and Profit After Tax reaching ₹2.74 Crore. Management attributes the positive performance to improving global stability, growing interest in lab-grown diamonds, and disciplined execution.
Key Highlights
- 1
Revenue from operations increased to ₹196.41 Crore for the quarter ended June 30, 2026.
- 2
Profit Before Tax improved significantly to ₹3.66 Crore from -₹7.52 Crore in Q4 FY26.
- 3
Profit After Tax stood at ₹2.74 Crore for the quarter, a substantial recovery from -₹5.15 Crore in Q4 FY26.
- 4
Revenue from operations showed a strong sequential improvement, increasing by 29.71% Quarter-On-Quarter.
- 5
The company is proposing to raise up to INR ₹8.88 Crores through a preferential issue of warrants to the Promoter Group.
Management Comments
Shri Upendra Narottamdas Shah
The first quarter of FY27 marks a positive start to the financial year, with a meaningful improvement in both revenue and profitability over the immediately preceding quarter. The previous quarter was impacted by geopolitical developments in the Middle East and the resulting uncertainty across global markets, which affected business sentiment and trade flows. With improving stability and the industry's ability to adapt to evolving market conditions, we have witnessed a healthy recovery in the current quarter. The return to profitability reflects disciplined execution, stronger operating performance and the resilience of our business model. At the same time, the growing acceptance of lab-grown diamonds across domestic and international markets continues to create significant opportunities for the industry. As consumer preferences increasingly shift towards sustainable and value-driven alternatives, we are well positioned to leverage this structural trend through our integrated manufacturing and jewellery capabilities. We remain focused on strengthening customer relationships, expanding our product portfolio and enhancing operational efficiencies to drive sustainable revenue growth and long-term profitability for all stakeholders.
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