Mini Diamonds (India) Ltd has delivered impressive financial results for the third quarter ended December 31, 2025, showcasing strong growth across key performance metrics. The gems and jewellery manufacturer reported substantial improvements in both revenue and profitability, reflecting robust operational performance during the quarter.

Strong Quarterly Performance

The company's standalone financial results demonstrated remarkable growth momentum in Q3FY26. Net profit surged 45% year-on-year, while revenue from operations expanded significantly, indicating strong market demand for the company's products.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Mini Diamonds maintained its growth trajectory with consistent improvements across financial parameters. The company achieved net profit of ₹762.86 lakhs compared to ₹613.74 lakhs in the corresponding period of the previous year, representing a 24% increase.

Consolidated Results

The consolidated financial results, which include subsidiaries Namra Jewels Private Limited and Pyramid Gold Assaying & Hallmarking Centre Private Limited, also reflected positive performance. Consolidated net profit for Q3FY26 stood at ₹284.03 lakhs compared to ₹216.57 lakhs in Q3FY25, marking a 31% year-on-year increase.

Corporate Actions and Developments

Mini Diamonds completed a significant corporate action during the period with the implementation of a share split. The Board of Directors approved the sub-division of equity shares in their meeting held on September 08, 2025, which was subsequently approved by shareholders through postal ballot on November 02, 2025.

Subsidiary Operations

The company expanded its business footprint through two subsidiary companies incorporated in 2024. Namra Jewels Private Limited commenced business operations after September 30, 2024, while Pyramid Gold Assaying & Hallmarking Centre Private Limited is awaiting certain registrations and licenses to begin operations. Both subsidiaries have been included in the consolidated financial results for the reporting period.

Earnings Per Share Impact

Following the share split, the company's earnings per share for Q3FY26 was ₹0.28 on a standalone basis and ₹0.24 on a consolidated basis. The earnings per share figures for previous periods have been restated to reflect the impact of the share subdivision in accordance with Ind AS 33 requirements.

Mini diamonds (India) Limited has secured another significant domestic order worth INR 10.00 Crores for lab-grown polished diamonds, demonstrating continued strength in the Indian market. The order was received on February 10, 2026, from Mumbai-based client Aura Diamond, marking another milestone in the company's domestic business expansion.

Order Details and Terms

The latest contract represents a repeat order from an existing customer, highlighting the company's ability to maintain strong client relationships. The order specifications and terms are structured to ensure smooth execution and payment flow.

Strategic Significance

The repeat business from Aura Diamond reflects strengthening demand in the Indian lab-grown diamond market. Management believes this order will further reinforce the company's standing in the domestic market while strengthening customer confidence, particularly with continuing clients. The successful completion of this order is expected to support sustained demand and improve customer retention.

Operational Execution

Mini Diamonds will fulfill the order through its existing end-to-end operational system, encompassing the complete value chain from raw material planning to final delivery. The company's established processes include:

• Raw material planning and processing
• Quality verification and control
• Final shipment and delivery
• Compliance with established oversight mechanisms

The company's Mumbai facility, equipped with cutting-edge technology including Sarin Technology, Auto Bruting Machines, and Semi-Automatic Polishing Mills, will handle the production requirements.

Management Commentary

Chairman and Managing Director Upendra Shah expressed optimism about the development, stating that the repeat order from a continuing customer reflects increasing confidence in the company's ability to deliver consistent quality and competitive pricing. He emphasized that consistent delivery will support more repeat business and stronger domestic relationships, positioning the company for sustained growth in the lab-grown diamond segment.

Market Position

Established in 1987, Mini Diamonds operates as a comprehensive diamond processing and jewelry manufacturing company. The company serves both Indian and international markets through B2B and B2C channels, focusing on high-quality, cost-effective lab-grown diamonds. This latest order reinforces the company's strategic focus on the growing domestic market for lab-grown diamond products.