Gemstone Investments Limited, a Mumbai-based financial services company, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company reported a notable increase in profitability despite a slight dip in half-yearly revenue.

Financial Highlights

Key Takeaways

• Revenue Growth: Gemstone Investments saw an 18.9% year-on-year increase in quarterly revenue, rising from ₹31.68 lakhs in Q2 FY2025 to ₹37.68 lakhs in Q2 FY2026.
• Profit Surge: The company's profit for Q2 FY2026 stood at ₹16.83 lakhs, marking a 17.8% increase from ₹14.29 lakhs in the same quarter of the previous year.
• Half-Yearly Performance: Despite the strong quarterly performance, the half-yearly revenue experienced a 15.2% decline, dropping from ₹86.79 lakhs in H1 FY2025 to ₹73.57 lakhs in H1 FY2026.
• Earnings Per Share: The basic and diluted earnings per share for continuing operations in Q2 FY2026 were reported at ₹0.02.

Balance Sheet Strength

As of September 30, 2025, Gemstone Investments reported total assets of ₹2,521.91 lakhs.

Management Approval and Audit Status

The Board of Directors of Gemstone Investments Limited approved these financial results in a meeting held on November 11, 2025. The results have undergone a limited review by the statutory auditors, Rishi Sekhri and Associates.

Cash Flow Analysis

The cash flow statement reveals:

• Operating Activities: The company generated a positive cash flow of ₹83.59 lakhs from operating activities in the first half of FY2026, compared to a negative ₹42.42 lakhs in the previous year.
• Investing Activities: There was a cash outflow of ₹191.96 lakhs used in investing activities, primarily due to the purchase of immovable property worth ₹190.80 lakhs.
• Financing Activities: ₹0.01 lakhs were spent on finance costs.

Conclusion

Gemstone Investments Limited has demonstrated growth in its quarterly performance, with increases in both revenue and profitability. However, the decline in half-yearly revenue suggests some challenges in maintaining consistent growth. The significant investment in immovable property indicates potential diversification of the company's asset base or expansion of operational capabilities.

Gemstone Investments Limited, a Mumbai-based financial services company, has announced significant corporate decisions that signal a major expansion and restructuring of its operations. The company's board of directors approved several key measures during a meeting held on September 4, 2025, at its registered office.

Capital Expansion

In a move that substantially increases the company's financial capacity, Gemstone Investments has approved an increase in its authorized share capital from Rs. 10.00 crore to Rs. 48.00 crore. This expansion involves creating an additional 38 crore equity shares with a face value of Re. 1 each.

Issuance of Convertible Warrants

The board has also given the green light to issue 39.36 crore convertible warrants at Rs. 2.50 each, which includes a premium of Rs. 1.50 per warrant. These warrants will be issued on a preferential basis to 44 non-promoter investors. The warrants can be converted into an equal number of equity shares within 18 months from the date of allotment.

This move is expected to bring in fresh capital of Rs. 984.00 crore, subject to shareholder approval. The minimum upfront payment required is 25% of the warrant price, with the remaining 75% due at the time of conversion.

Board Appointments and Re-appointments

The board has recommended several changes to its directorship:

1. Mr. Santosh Kumar Dwivedi is proposed for re-appointment as a director, subject to shareholder approval.
2. Mr. Rajesh Babulal Maiyani and Mr. Falgun Shah are recommended for re-appointment as Independent Directors for a second term of five years each.

Other Key Decisions

1. M/s. NKM & Associate has been appointed as the secretarial auditor for a period of five years, from FY 2025-26 to FY 2029-30.
2. The 31st Annual General Meeting (AGM) is scheduled for September 30, 2025, at Event Banquet Hall, Mumbai.
3. E-voting for the AGM will be available from September 27 to September 29, 2025.

These decisions are subject to shareholder approval at the upcoming AGM. The capital expansion and issuance of warrants, if approved, could significantly alter Gemstone Investments' financial structure and potentially its market position in the coming years.