Dev Labtech Venture Limited , a lab-grown diamond manufacturer, has reported a significant decrease in net profit for the half-year ended September 30, 2025, amid a sharp decline in revenue. The company's financial performance reflects challenges in the lab-grown diamond industry during this period.

Financial Highlights

Dev Labtech Venture reported a net profit of ₹33.67 lakh for the half-year, down from ₹119.04 lakh in the corresponding period of the previous year. This represents a 71.7% year-on-year decline in profitability. The company's revenue from operations also saw a substantial decrease, falling to ₹492.49 lakh from ₹1,951.35 lakh year-on-year, marking a 74.8% reduction.

Operational Updates

Despite the challenging financial performance, Dev Labtech Venture made several operational moves during the period:

1. Warrant Conversion: The company allotted 5,60,000 equity shares through warrant conversion, increasing its share capital from 1,13,03,139 to 1,18,63,139 equity shares of ₹10 each.

2. Capital Utilization: Dev Labtech has fully utilized the preferential issue proceeds of ₹2,227.04 lakh for capital expenditure and working capital requirements.

3. Subsidiary Operations: The company continues to operate with one wholly-owned subsidiary, Dev Labtech Venture Inc. (USA).

4. Trading Approvals: During the half-year, Dev Labtech received trading approvals from BSE for newly issued shares:

   • Trading approval for 5,20,000 equity shares on April 4, 2025
   • Listing and trading approval for 5,60,000 equity shares on July 16 and August 1, 2025, respectively

Balance Sheet Position

As of September 30, 2025, Dev Labtech Venture's balance sheet shows:

The company's inventory levels have decreased, while trade receivables have significantly increased, potentially indicating changes in working capital management or market conditions.

Industry Context

The significant decline in revenue and profitability suggests that Dev Labtech Venture may be facing industry-wide challenges or specific operational issues. The company's focus on capital expenditure and working capital management, as evidenced by the full utilization of preferential issue proceeds, indicates efforts to strengthen its operational foundation during this period.

Conclusion

Dev Labtech Venture Limited's financial results reflect the dynamic nature of the lab-grown diamond sector within the broader diamond industry. The company's performance in the coming quarters will be crucial to understand if this half-year result represents a temporary setback or a more prolonged challenge. Investors and industry observers will likely be watching closely for any strategic initiatives or market developments that could influence the company's future performance.

Dev Labtech Venture Limited (DEVLAB), a BSE SME-listed company, has achieved a significant milestone in its capital raising efforts. The company recently received trading approval from the Bombay Stock Exchange (BSE) for 5,60,000 equity shares, marking an important step in its growth strategy.

Key Details of the Share Issuance

Trading Approval and Listing

The BSE granted trading approval for these shares on August 01, 2025. According to the company's intimation to the exchange, the newly issued securities will be listed and available for trading on the BSE starting from August 04, 2025.

Regulatory Compliance

Dev Labtech Venture Limited has duly informed the BSE about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Mr. Jerambhai Lavjibhai Donda, the Chairman & Managing Director of the company.

Company Background

Dev Labtech Venture Limited, formerly known as Dev Labtech Venture Private Limited and Jay Gems (India) Private Limited, is headquartered in Bhavnagar, Gujarat. The company also maintains offices in Surat and Mumbai, indicating its presence in key business centers of western India.

This share issuance and subsequent trading approval represent a strategic move for Dev Labtech Venture Limited, potentially strengthening its capital base and providing additional resources for future growth initiatives.