Manoj Jewellers Reports Strong FY26 Results: PAT Nearly Doubles to ₹902.36 Lakhs, Revenue Crosses ₹11,400 Lakhs

Manoj Jewellers Limited, the Chennai-based boutique jewellery retailer, reported a sharp improvement in its financial performance for the full year ended March 31, 2026. The Board of Directors, at its meeting held on May 15, 2026, approved the audited standalone financial results for the half year and financial year ended March 31, 2026. The statutory auditors, M/s. Mardia & Associates, Chartered Accountants (FRN: 007888S), issued an audit report with an unmodified opinion on the standalone financial results.

Strong Revenue and Profit Growth in FY26

The company delivered robust top-line and bottom-line growth in FY26. Revenue from operations nearly doubled year-on-year, rising to ₹11,416.12 lakhs from ₹5,961.81 lakhs in FY25. Total income for the year stood at ₹11,419.85 lakhs, compared to ₹5,963.87 lakhs in the previous year. Profit after tax for FY26 came in at ₹902.36 lakhs, against ₹476.48 lakhs in FY25, reflecting significant earnings growth.

The following table summarises the key financial performance metrics for FY26 versus FY25 (figures in Rs. In Lakhs):

Metric: FY26 (Year Ended 31st March 2026) FY25 (Year Ended 31st March 2025) Revenue from Operations: ₹11,416.12 ₹5,961.81 Other Income: ₹3.73 ₹2.06 Total Income: ₹11,419.85 ₹5,963.87 Purchase of Stock-in-Trade: ₹11,633.50 ₹5,779.03 Employee Benefit Expenses: ₹125.69 ₹78.42 Financial Costs: ₹132.18 ₹184.63 Depreciation & Amortisation: ₹18.62 ₹21.04 Other Expenses: ₹266.71 ₹128.71 Total Expenses: ₹10,201.52 ₹5,331.54 Profit Before Tax: ₹1,218.33 ₹632.34 Current Tax: ₹318.31 ₹160.09 Deferred Tax: (₹2.33) (₹4.24) Profit After Tax: ₹902.36 ₹476.48 Basic EPS (Not Annualised): ₹10.40 ₹7.96 Diluted EPS (Not Annualised): ₹10.40 ₹7.96

Half-Year Performance Breakdown

For the second half of FY26 (October 1, 2025 to March 31, 2026), the company reported revenue from operations of ₹4,502.14 lakhs and a profit after tax of ₹336.88 lakhs. The first half of FY26 (April 1, 2025 to September 30, 2025) recorded revenue from operations of ₹6,913.98 lakhs and profit after tax of ₹565.48 lakhs on an unaudited basis. For comparative purposes, the second half of FY25 (October 1, 2024 to March 31, 2025) had revenue from operations of ₹3,483.98 lakhs and profit after tax of ₹250.42 lakhs.

Balance Sheet Highlights

The company's balance sheet expanded significantly as of March 31, 2026. Total assets and liabilities stood at ₹6,056.81 lakhs, up from ₹3,525.19 lakhs as of March 31, 2025. Key balance sheet items are presented below (figures in Rs. In Lakhs):

Metric: 31st March 2026 31st March 2025 Share Capital: ₹898.56 ₹598.56 Reserves and Surplus: ₹2,987.60 ₹854.57 Long-term Borrowings: ₹905.39 ₹1,246.02 Short-term Borrowings: ₹825.37 ₹625.97 Inventories: ₹4,905.85 ₹2,930.66 Trade Receivables: ₹751.41 ₹436.20 Cash and Cash Equivalents: ₹197.10 ₹22.46 Total Assets/Liabilities: ₹6,056.81 ₹3,525.19

Cash Flow Overview

For the year ended March 31, 2026, the company reported net cash used in operating activities of ₹1,081.40 lakhs, compared to ₹442.25 lakhs in the previous year, primarily reflecting the significant increase in inventories. Net cash used in investing activities was ₹1.22 lakhs, against ₹34.23 lakhs in FY25. Cash flow from financing activities was ₹1,257.26 lakhs for FY26, supported by proceeds from the issue of equity shares through an IPO amounting to ₹1,620.00 lakhs, partially offset by share issue expenses of ₹89.33 lakhs and interest expenses of ₹132.18 lakhs. As a result, cash and cash equivalents at the end of the year increased to ₹197.10 lakhs from ₹22.46 lakhs at the beginning of the year.

Internal Auditor Re-Appointment

The Board also approved the re-appointment of M/s. Arham Professional Service, Consultancy Firm, as Internal Auditor of the company. The firm, a partnership entity based in Chennai, has more than 14 years of experience in accounting and auditing. The re-appointment is effective until the firm resigns or is replaced by the Board.

Parameter: Details Auditor Name: M/s. Arham Professional Service, Consultancy Firm Type: Partnership Firm Office Location: Chennai Experience: More than 14 years in accounting and auditing Term: Until resignation or replacement by the Board

The Board meeting commenced at 05:30 P.M. IST and concluded at 05:50 P.M. IST on May 15, 2026. The financial results were reviewed by the Audit Committee and approved by the Board. The company operates in a single business segment — retail of jewellery and ornaments made from gold and diamonds — and primarily in one geographical area. Accordingly, segment reporting under AS 17 is not applicable to the company.

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