PNGS Reva Diamond Jewellery Limited reported a net profit of ₹272 million for the quarter ended June 30, 2026, marking a 265% year-on-year increase from ₹74.48 million in Q1FY26. Alongside this, the company posted EBITDA of ₹339 million, up sharply from ₹116 million in the same period last year, with EBITDA margin expanding to 28.76% from 21.6% YoY. The surge was primarily driven by a 119% rise in revenue from operations to ₹1,179.73 million, fueled by strong demand for diamond-studded jewellery. This performance underscores the company's successful post-IPO expansion and operational scaling.

The Board of Directors approved the unaudited standalone financial results on July 29, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, MSKA & Associates LLP, who issued an unmodified conclusion pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Ind AS 34 'Interim Financial Reporting'.

Financial Performance

Revenue from operations stood at ₹1,179.73 million in Q1FY27, compared to ₹537.49 million in the corresponding period of FY26. Other income contributed ₹55.76 million, bringing total income to ₹1,235.49 million. Total expenses were ₹871.51 million, resulting in a profit before tax of ₹363.98 million. After tax expenses of ₹91.88 million, the profit for the period was ₹272 million. Earnings per share (basic and diluted) were ₹8.58, up from ₹3.41 in Q1FY26.

Revenue Drivers and Segment Mix

Diamond-studded jewellery, including precious stones, accounted for ₹1,159.87 million of the total revenue, rising sharply from ₹521.65 million in Q1FY26. Gold sales, which are incidental and arise from excess gold received from customers as part consideration, amounted to ₹19.86 million. The company clarified that it does not engage in gold bullion or commodity trading.

IPO Proceeds Utilization

As of June 30, 2026, ₹2,845.63 million of the net IPO proceeds remained unutilized. These funds were temporarily retained in fixed deposits and monitoring accounts. Of the total ₹3,491.23 million raised, only ₹645.60 million had been utilized towards setting up new stores, marketing, and general corporate purposes. The company plans to use the remaining funds for setting up 15 new stores and related marketing activities.

What the Numbers Show

The disproportionate growth in net profit (265%) compared to revenue growth (119%) highlights significant operating leverage, further evidenced by the EBITDA margin expansion to 28.76% from 21.6% YoY. A key driver was the favorable change in inventories of finished goods, which reduced expenses by ₹304.78 million in Q1FY27, compared to a reduction of ₹227.01 million in Q1FY26. This inventory adjustment, combined with stable employee benefit costs relative to revenue, expanded margins substantially. The high unutilized IPO proceeds indicate that the company is in the early stages of its planned physical expansion, with capital deployment expected to accelerate in subsequent quarters.

PNGS Reva Diamond Jewellery Limited has scheduled an earnings call for Wednesday, July 29, 2026, at 4:30 PM IST to discuss its Q1FY27 financial results. The session aims to provide clarity on the company’s performance during the quarter and outline key developments in the diamond jewellery sector. This disclosure is made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, ensuring timely communication with market participants.

The call will feature discussions led by Amit Modak, Whole Time Director and CEO, and Aditya Modak, Non-Executive Director. They are expected to review the financial statements and address broader industry dynamics affecting the business. Investors and analysts can join via a dedicated web link or through multiple dial-in options provided for domestic and international participants.

Participation Details

The company has facilitated access through various channels to ensure broad participation. Domestic users can dial in using universal numbers, while international participants have access to toll-free lines in Hong Kong, Singapore, the UK, and the USA.

Participants may also use the Express Join with DiamondPass™ feature to avoid wait times. The registration link is available through the company’s investor relations portal.

Regulatory Compliance

The intimation was filed with both the BSE Limited (Scrip Code: 544718) and the National Stock Exchange of India Limited (Symbol: PNGSREVA). Kirti Vaidya, Company Secretary & Compliance Officer (ICSI M. No. A31430), signed the communication dated July 24, 2026. The filing confirms adherence to mandatory disclosure norms under the SEBI (LODR) Regulations, 2015.

For further information, investors may contact Suyash Samant or Hrithik Hattiangadi at Stellar IR, the firm managing the company’s investor relations.