Umiya Mobile Limited reported a 67% increase in profit after tax for FY26, driven by a 49% surge in revenue from operations. The company’s Board approved the submission of a revised Annual Report on October 10, 2026, following a correction in the presentation of trade discounts.

Revenue from operations stood at ₹8,360.97 crore in FY26, up from ₹5,600.79 crore in the previous year. Profit before tax expanded to ₹122.93 crore from ₹74.24 crore. The bottom line grew to ₹91.94 crore, compared to ₹55.07 crore in FY25. The company did not recommend any dividend for the year, opting to retain profits for growth opportunities.

Financial Performance Snapshot

The following table summarizes the key financial metrics for the year ended March 31, 2026:

Note: Figures converted from thousands to crores where applicable for readability in text, table retains source units.

What the Numbers Show

A significant divergence exists between revenue growth and margin expansion. While revenue grew by approximately 49%, the net profit margin remained thin at roughly 1.1%. This indicates that the profit jump was primarily volume-driven rather than margin-driven. Purchase of stock-in-trade increased by 46% to ₹8,641.14 crore, absorbing most of the top-line growth. However, other expenses surged by 75% to ₹383.71 crore, largely due to a sharp rise in commission expenses and card swipe charges, which pressured operating margins despite higher sales volumes.

Revised Presentation of Trade Discounts

The revised annual report addresses a correction in the classification of trade/volume discounts. Previously, discounts aggregating to ₹48.20 crore were presented under "Other Income." The company has now adjusted these against the cost of purchases. This reclassification increased operating profit by ₹48.20 crore and decreased other income by the same amount. The amendment had no impact on the total profit before tax, profit after tax, or net worth.

Operational Expansion and IPO Impact

Umiya Mobile listed its equity shares on the BSE SME Platform on August 4, 2025, raising ₹2,448.60 lakh through an IPO. As of July 2026, the company operates 390 stores across Gujarat, Maharashtra, Madhya Pradesh, and Dadra and Nagar Haveli and Daman and Diu. The management aims to expand its retail network to 500–600 stores in the coming years, targeting a turnover of ₹1,200 crore.

Key operational highlights include:

• Store Network: 390 stores as of July 2026, with plans to expand into Chhattisgarh and Mumbai.
• Product Portfolio: Multi-brand retail covering smartphones, accessories, and consumer durables from brands like Apple, Samsung, and Sony.
• Capital Structure: Paid-up share capital increased to ₹14.22 crore post-IPO issuance of 37.7 lakh equity shares at ₹66 per share.

Umiya Mobile Limited held its 14th Annual General Meeting on September 26, 2026, adopting the audited standalone financial statements for the fiscal year ended March 31, 2026.

The meeting, conducted through Video Conferencing and Other Audio-Visual Means, saw the reappointment of Girishkumar Premjibhai Jadvani as Whole Time Director and the appointment of M/s. H.A.Y. & Associates LLP as Statutory Auditors.

Meeting proceedings and attendance

The AGM commenced at 5:00 pm and concluded at 5:17 pm with 12 members present. Kishorbhai Premjibhai Jadwani served as Chairman cum Managing Director, while Piyush Jentibhai Dedakiya acted as Chief Financial Officer. The board also included Girishkumar Premjibhai Jadvani and Vijesh Premjibhai Patel as Whole Time Directors, alongside three independent directors.

Key resolutions passed

Shareholders considered three ordinary resolutions during the session:

The notice and directors' report were taken as read, with no qualifications or adverse remarks noted in the statutory or secretarial audit reports. E-voting results will be submitted to stock exchanges and posted on the company website.

Voting results and scrutinizer report

The company submitted the consolidated scrutinizer’s report prepared by Keyur Ghelani of K. P. Ghelani & Associates. The report details the voting outcomes for the three ordinary resolutions passed at the AGM.

All three resolutions received 100% votes in favour. Promoters and promoter group members cast 10,456,100 votes, representing 99.64% of their holding. Public non-institutional shareholders cast 114,000 votes, representing 3.06% of their holding. No institutional shareholders participated in the voting.