Moksh Ornaments Limited announced its standalone audited financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 11, 2026. The results were reviewed and recommended by the Audit Committee before receiving board approval. The statutory auditor, S D Jain & Co, Chartered Accountants, issued an unmodified audit opinion on the financial results, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 04:00 P.M. and concluded at 05:00 P.M. on the same day. Subsequently, in compliance with Regulation 47 of SEBI (LODR) Regulations, 2015, the audited standalone financial results were published in "Active Times" and "Mumbai Lakshdeep" on May 12, 2026.

Annual Financial Performance

For the full year ended March 31, 2026, Moksh Ornaments recorded revenue from operations of ₹67,894.53 lakhs, compared to ₹57,990.20 lakhs in the previous year. Total income from operations (net) stood at ₹68,094.04 lakhs for FY26, against ₹58,251.51 lakhs in FY25. Profit before tax for the year was ₹1,352.86 lakhs, up from ₹1,136.94 lakhs in FY25. After accounting for total tax expenses of ₹367.44 lakhs, the company reported a net profit of ₹985.42 lakhs for FY26, compared to ₹842.76 lakhs in the prior year.

The following table summarises the key annual financial metrics:

Quarterly Financial Performance

For the quarter ended March 31, 2026, Moksh Ornaments reported revenue from operations of ₹26,138.06 lakhs, compared to ₹16,733.45 lakhs in the corresponding quarter of the previous year and ₹11,520.16 lakhs in the preceding quarter ended December 31, 2025. Total income from operations (net) for Q4 FY26 was ₹26,303.06 lakhs. Net profit for the quarter stood at ₹184.76 lakhs, against ₹129.78 lakhs in Q4 FY25 and ₹283.02 lakhs in Q3 FY26.

Balance Sheet Highlights

As at March 31, 2026, Moksh Ornaments' total assets stood at ₹18,479.69 lakhs, compared to ₹14,393.15 lakhs as at March 31, 2025. Total equity increased to ₹12,910.28 lakhs from ₹11,081.11 lakhs in the prior year, reflecting equity share capital of ₹1,764.98 lakhs and other equity of ₹11,145.30 lakhs. Current assets rose to ₹17,654.60 lakhs from ₹14,340.24 lakhs, driven primarily by an increase in trade receivables to ₹9,053.63 lakhs from ₹2,653.79 lakhs, while inventories declined to ₹7,716.98 lakhs from ₹10,400.99 lakhs.

Cash Flow and Other Developments

The cash flow statement for the year ended March 31, 2026 reflects net cash from operating activities of ₹385.47 lakhs, compared to a net cash outflow of ₹(2,670.44) lakhs in the previous year. Net cash utilised in investing activities was ₹(717.36) lakhs, primarily on account of purchase of fixed assets. Net cash from financing activities was ₹71.73 lakhs. Cash and cash equivalents at the end of the year stood at ₹671.95 lakhs, compared to ₹932.11 lakhs at the beginning of the year.

In addition to approving the financial results, the board also approved the appointment of M/s Mukesh Mehta & Associates, Chartered Accountants, as Internal Auditor of the company for FY2026-27, pursuant to Section 138 of the Companies Act, 2013. The company also confirmed that there were no deviations or variations in the use of proceeds from its Initial Public Offering, rendering the Statement of Deviation(s) or Variation(s) under Regulation 32 of SEBI (LODR) Regulations, 2015 not applicable for the quarter ended March 31, 2026. The paid-up equity share capital as at March 31, 2026 stood at ₹1,764.98 lakhs, with a face value of ₹2.00 per share.

Moksh Ornaments Ltd., a Mumbai-based jewellery manufacturer and exporter, has informed the National Stock Exchange of India Ltd. that the Statement of Deviation(s) or Variation(s) in the use of Public Issue Proceeds is not applicable for the quarter ended March 31, 2026. The disclosure was submitted on May 11, 2026, in compliance with the applicable regulatory framework.

Regulatory Compliance Under SEBI Regulation 32

The communication was made pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to disclose any deviations or variations in the utilisation of funds raised through public issues. Moksh Ornaments confirmed that no such deviation or variation has occurred in the use of proceeds raised from its Initial Public Offering (IPO).

The key details of the disclosure are summarised below:

No Variation in IPO Proceeds Utilisation

The company explicitly confirmed that the funds raised through its IPO have been utilised in accordance with the stated objectives, with no deviations or variations reported for the quarter ended March 31, 2026. Consequently, the filing of a formal Statement of Deviation(s) or Variation(s) is not required for this period. The disclosure was addressed to the Listing Department of the National Stock Exchange of India Ltd. and signed by Mr. Amrit Shah, Managing Director, on behalf of Moksh Ornaments Ltd.