Mini Diamonds (India) Limited reported a consolidated net profit of ₹106.38 lakh for the financial year ended March 31, 2026, while the standalone net profit stood at ₹160.46 lakh. For the quarter ended March 31, 2026, the company recorded a consolidated net loss of ₹617.74 lakh, compared to a net profit of ₹329.92 lakh in the same period last year. The Board of Directors approved the audited financial results for the standalone and consolidated entities for the quarter and financial year ended March 31, 2026, during a meeting held on May 29, 2026.

The company’s total consolidated income for FY26 rose to ₹56,772.13 lakh from ₹40,602.06 lakh in the previous year. For the quarter ended March 31, 2026, total income was ₹15,009.49 lakh. Total expenses for the financial year increased to ₹56,603.34 lakh. The statutory auditors, M/s. Mittal and Associates, issued an unmodified opinion on the financial results.

Financial Performance

The standalone financial results for FY26 showed a total income of ₹56,835.33 lakh and a net profit of ₹160.46 lakh. In the fourth quarter, the standalone net loss was ₹514.61 lakh. The company’s earnings per share (EPS) for the consolidated results for FY26 was ₹0.09, while for the quarter ended March 31, 2026, it was a negative ₹0.52.

Corporate Actions

The Board approved an increase in the authorised share capital from ₹30 crore to ₹50 crore. Additionally, the Board approved the issuance of bonus shares in a 1:1 ratio, subject to the approval of members through a postal ballot. The record date for the bonus issue will be announced later.

Auditor Observations

The Independent Auditor’s Report noted that the company is irregular in the payment of Direct Taxes and Tax Deducted at Source. Some foreign debtors are subject to realization and balance confirmation. The auditors also stated that the provisions of gratuity are not applicable as the number of employees is below the prescribed threshold limit.

Mini Diamonds (India) Limited has launched a fancy coloured lab-grown diamond jewellery line through its wholly owned subsidiary Namra Jewels Private Limited. The new collection is designed to strengthen the company's consumer-facing portfolio and establish a differentiated presence in the evolving lab-grown diamond jewellery segment. This strategic initiative aligns with Mini Diamonds' broader objective of moving up the value chain from polished diamonds to branded jewellery offerings.

The jewellery line will feature thoughtfully designed fancy shaped and coloured lab-grown diamonds, combining contemporary styling with refined craftsmanship. By offering accessible pricing, the company aims to cater to changing consumer preferences, particularly among younger and fashion-conscious buyers who prioritize visual appeal, design versatility, and value.

Commenting on the development, the management of Mini Diamonds (India) Limited stated that fancy shaped and coloured lab-grown diamonds represent an emerging opportunity within the jewellery industry. They noted that consumer preferences are shifting towards expressive, design-led, and value-conscious jewellery. Through Namra Jewels, the company intends to introduce a line that integrates attractive designs, reliable quality, and affordable pricing to make premium-looking diamond jewellery more accessible to new-age customers.

Mini Diamonds (India) Limited is a public limited company listed on BSE Limited, established in 1987. The company is internationally recognized for its cut and polished diamonds and jewellery manufacturing capabilities. It operates a sophisticated manufacturing facility in Mumbai, equipped with advanced technology such as Sarin Technology, Auto Bruiting Machines, and Semi-Automatic Polishing Mills to ensure precision and quality in diamond processing.

The company excels in the manufacturing, marketing, and sales of lab-grown diamond jewellery, catering to both Indian and international markets through B2B and B2C channels. By integrating innovative technology with meticulous craftsmanship, Mini Diamonds aims to set new standards in the lab-grown diamond industry.