Motisons Jewellers has reported its audited financial results for the quarter and financial year ended March 31, 2026. The company recorded a 47.6% increase in annual net profit to ₹6,370.77 lakh, compared to ₹4,317.11 lakh in the previous year, driven by higher income. However, quarterly net profit declined to ₹830.19 lakh from ₹1,113.91 lakh in the same quarter of the previous year.

Annual Financial Performance

For the full year ended March 31, 2026, revenue from operations rose by 5.9% to ₹48,954.45 lakh from ₹46,211.15 lakh in the prior year. Total income for the year stood at ₹49,583.69 lakh, while profit before tax came in at ₹8,508.73 lakh. The Board of Directors approved the results during a meeting held on May 22, 2026.

Quarterly Performance

In the quarter ended March 31, 2026, revenue from operations increased to ₹13,746.77 lakh from ₹11,875.08 lakh in Q4 of the prior year. However, EBITDA for the quarter declined sharply to ₹84M from ₹174M in the same period last year, with the EBITDA margin contracting to 6.1% from 14.64% on a year-on-year basis.

Key Financial Metrics

The table below summarizes the financial performance for the quarter and year ended March 31, 2026:

The table below captures the quarterly EBITDA performance on a year-on-year basis:

Operational Highlights and Capital Changes

The Board also approved the Statement of Assets & Liabilities and the Cash Flow Statement for the financial year. During the year, the company saw an increase in paid-up equity share capital to ₹10,017.60 lakh, primarily due to the conversion of share warrants. Additionally, 82,70,000 share warrants lapsed on April 4, 2026, resulting in the forfeiture of ₹3,514.75 lakh. The statutory auditors, M/s Keyur Shah & Co., issued an audit report with an unmodified opinion on the audited financial results. The trading window, which was closed earlier, will reopen 48 hours after the declaration of these results.

Motisons Jewellers Limited has submitted the Monitoring Agency Report for the quarter ended March 31, 2026, concerning the utilization of proceeds from its Preferential Issue. Issued by CRISIL Ratings Limited, the report details the deployment of funds raised through Fully Convertible Warrants. The company confirmed that the utilization of proceeds aligns with the objects disclosed in the notice to shareholders dated August 14, 2024.

The Preferential Issue, which opened on October 5, 2024, had a total issue size of ₹170.00 crore. The proceeds were earmarked for issue-related expenses, repayment of outstanding unsecured loans, general corporate purposes, and working capital requirements. The monitoring agency verified that there were no deviations from the objects stated in the offer document and no major deviations from earlier reports.

Utilization Status

As of March 31, 2026, the company had received ₹64.56 crore of the total issue proceeds. The remaining ₹105.44 crore was pending receipt from warrant holders. During the quarter, ₹16.99 crore was utilized, bringing the total amount utilized to ₹64.56 crore. The unutilized amount at the end of the quarter stood at ₹105.44 crore.

The following table summarizes the utilization of proceeds for the quarter:

Warrant Lapse and Impact

A significant development highlighted in the report is the lapse of 82,70,000 warrants on April 4, 2026. This occurred due to the non-receipt of the requisite warrant exercise price within 18 months of allotment. Consequently, the subscription amount received against these warrants was forfeited.

The forfeiture has resulted in a reduction of the total issue proceeds. The report notes that this shortfall has impacted the viability of the objects of the issue. The company stated that the means of finance for the disclosed objects have not changed, but unfavorable events affecting the viability of the objects were observed.