Asian Star Company Reports Strong Q1 Results and Reappoints Key Executives

Asian Star Company Limited , a prominent player in the diamonds and jewellery industry, has announced robust financial results for the first quarter, along with the reappointment of key executives.

Financial Performance

The company reported a consolidated net profit of Rs. 1,934.45 crore for the quarter, marking a significant increase from Rs. 1,748.55 crore in the same quarter last year. This represents a year-on-year growth of approximately 10.6%.

Consolidated revenue from operations stood at Rs. 71,654.44 crore, demonstrating Asian Star Company's strong market position and operational efficiency.

On a standalone basis, the company reported impressive figures:

Metric	Amount (Rs. in crore)
Net Sales	55,364.51
Net Profit	1,603.77

Segment-wise Performance

The company's two main business segments, diamonds and jewellery, both contributed significantly to the overall revenue:

Segment	Revenue (Rs. in crore)
Diamonds	54,689.71
Jewellery	20,134.29

Executive Reappointments

In a strategic move to ensure continuity in leadership, the Board of Directors has approved the reappointment of three key executives for five-year terms, subject to shareholder approval:

Mr. Vipul Shah - Reappointed as CEO & Managing Director
Mr. Arvind Shah - Reappointed as Wholetime Director & CFO
Mr. Rahil Shah - Reappointed as Wholetime Director

These reappointments will be effective from January 1, 2026, to December 31, 2030.

Executive Profiles

Mr. Vipul P. Shah: A board member since the company's incorporation, Mr. Shah has been instrumental in creating Asian Star's brand image overseas. He brings expertise in Banking & Treasury Operations and Rough Sourcing.
Mr. Arvind T. Shah: Recognized as an expert in diamond manufacturing activities, Mr. Shah plays a key role in manufacturing and procurement of rough diamonds from overseas.
Mr. Rahil V. Shah: As the youngest Wholetime Director, Mr. Shah is involved in the day-to-day functioning of diamond manufacturing, rough sourcing, and domestic jewellery operations. He has been credited with implementing new technologies at the factory and upgrading the company's ERP system.

Auditor's Review

V. A. Parikh & Associates LLP, the company's auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Asian Star Company's strong financial performance and strategic leadership reappointments position it well for continued growth in the competitive diamonds and jewellery market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+0.47%	+0.14%	+1.45%	-10.02%	+9.14%

Asian Star Company Limited , a prominent player in the diamond and jewelry industry, has announced its financial results for the first quarter, revealing a mixed performance with growth in net profit despite a decline in revenue.

Financial Highlights

The company reported a consolidated net profit of ₹193.00 crore for Q1, marking a 10.3% increase from ₹175.00 crore in the same period last year. However, the quarterly revenue saw a decline, dropping to ₹7,165.44 crore from ₹7,591.96 crore year-over-year, representing a 5.6% decrease.

Particulars (in crore rupees)	Q1 FY2026	Q1 FY2025	% Change
Revenue	7,165.44	7,591.96	-5.6%
Net Profit	193.00	175.00	+10.3%
EBITDA	217.00	273.00	-20.5%
EBITDA Margin	3.03%	3.60%	-57 bps

Operational Performance

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to ₹217.00 crore from ₹273.00 crore in the corresponding quarter of the previous year. Consequently, the EBITDA margin compressed to 3.03% from 3.60%, indicating pressure on operational efficiency.

Segment-wise Performance

Asian Star Co recognizes two reportable business segments: diamonds and jewelry. The segment-wise revenue breakdown for Q1 FY2026 is as follows:

Diamonds: ₹5,468.97 crore
Jewelry: ₹2,013.43 crore
Others: ₹113.84 crore

The 'Others' segment primarily comprises wind energy generation.

Board Meeting Outcomes

In a significant development, the Board of Directors approved the following:

The un-audited financial results (standalone and consolidated) for the quarter ended June 30, 2025.
Re-appointment of key management personnel:
- Mr. Vipul Shah (DIN: 00004746) as CEO & Managing Director
- Mr. Arvind Shah (DIN: 00004720) as Wholetime Director & CFO
- Mr. Rahil Shah (DIN: 06811700) as Wholetime Director

All re-appointments are for a term of five years, from January 1, 2026, to December 31, 2030, subject to shareholders' approval.

Looking Ahead

As Asian Star Company Limited navigates through a challenging market environment, the company's ability to maintain profitability despite revenue pressures will be crucial. The re-appointment of key executives signals continuity in leadership, which may provide stability as the company works to improve its operational performance in the coming quarters.