Manoj Vaibhav Gems Announces Audited Financial Results and Re-appoints Internal Auditor
Manoj Vaibhav Gems 'N' Jewellers Limited announced the approval of its audited financial results for the 4 quarter and the full financial year ended March 31, 2026. Alongside the financial results, the Board of Directors also approved the re-appointment of M/s. P.A. Naidu & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27.Financial Performance Highlights
The company reported financial results for the quarter ended March 31, 2026, alongside comprehensive year-end figures. Revenue from operations for the full year ended March 31, 2026, stood at 274,403 (Rin Crores), compared to 238,402 (Rin Crores) for the year ended March 31, 2025.Total income for the full year ended March 31, 2026, was 275,922 (Rin Crores), up from 239,746 (Rin Crores) in the previous year.
The company's financial position as of March 31, 2026, reflected total assets of 1,864.86 (X in Crores), compared to 149.81 (X in Crores) at the same date in the previous year.
A detailed comparison of the annual results is provided below:
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Revenue from operations | 75,447 | 70,510 |
| Other income | 1,046 | 239 |
| Total income | 764.93 | 70749 |
| Cost of raw material consumed | 581.75 | 38,843 |
| Purchase of stock-in-trade | 25,064 | 319.17 |
| Total expenses | 72,147 | 67,131 |
| Profit before tax | 3,746 | 36.18 |
| Profit for the year | 2,816 | 2,675 |
| Total comprehensive income | 2,803 | 2,673 |
| Basic earnings per share (X 10 each) | 576 | 548 |
Balance Sheet Overview
The Balance Sheet details show significant changes in the company's asset and liability structure. Total assets stood at 1,864.86 (X in Crores) on March 31, 2026, against 149.81 (X in Crores) on March 31, 2025.Assets (X in Crores)
| Component | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Total non-current assets | 94.59 | 9792 |
| Total current assets | 177027 | 140019 |
| Total assets | 1,864.86 | 149811 |
Liabilities and Equity (X in Crores)
| Component | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Total equity | 83336 | 71876 |
| Total non-current liabilities | 73 | 4427 |
| Total current liabilities | 98977 | 735.08 77935 |
| Total equity and liabilities | 1,864.86 | 1,498.11 |
Corporate Governance and Auditing
The Board of Directors also approved the re-appointment of M/s. P.A. Naidu & Associates, Chartered Accountants, to serve as the Internal Auditor for the financial year 2026-27. The reappointment was effective from May 22, 2026.The statutory auditors, Sagar & Associates Chartered Accountants, issued an unmodified opinion on the Audited Financial Results for the year ended March 31, 2026. The audit report confirms that the financial results give a true and fair view in conformity with the applicable Indian Accounting Standards.
The company's Chief Financial Officer and Whole-time Director, Sai Keerthana Grandhi, confirmed the board's approval of these financial results.
MVGJL Stock Price Movement
On Friday, Manoj Vaibhav Gems N Jewellers Limited shares slipped by 4.38% to settle at ₹164.52. The stock traded on significant volume, handling 38,930 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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