News Earnings Motisons Jewellers Reports 69.5% Jump in Q3FY26 Net Profit; Converts Warrants Worth ₹10.07 CrMotisons Jewellers Reports 69.5% Jump in Q3FY26 Net Profit; Converts Warrants Worth ₹10.07 Cr
Motisons Jewellers delivered strong Q3FY26 results with net profit jumping 69.5% to ₹2,594.11 lakhs and revenue growing 20.1% to ₹17,456.13 lakhs. Simultaneously, the company completed a major warrant conversion exercise, allotting 79 lakh equity shares to Eminence Global Fund upon conversion of 7.9 lakh warrants for ₹10.07 crores, strengthening its capital base to ₹99.64 crores.
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Motisons Jewellers Limited delivered impressive financial performance in Q3FY26, with the Jaipur-based jewellery retailer reporting substantial growth across key financial metrics. The company's board of directors approved the unaudited financial results for the quarter and nine months ended 31st December, 2025, during their meeting held on 10th February, 2026.
Strong Quarterly Performance
The company demonstrated robust growth momentum in Q3FY26, with significant improvements in both revenue and profitability metrics compared to the previous year.
| Financial Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹17,456.13 lakhs | ₹14,530.43 lakhs | +20.1% |
| Net Profit After Tax: | ₹2,594.11 lakhs | ₹1,530.45 lakhs | +69.5% |
| Total Income: | ₹17,506.25 lakhs | ₹14,547.67 lakhs | +20.3% |
| Profit Before Tax: | ₹3,408.23 lakhs | ₹2,062.27 lakhs | +65.2% |
Nine-Month Period Results
The nine-month performance further reinforced the company's strong operational execution and market positioning in the jewellery retail segment.
| Parameter: | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹35,207.68 lakhs | ₹34,336.07 lakhs | +2.5% |
| Net Profit After Tax: | ₹5,540.58 lakhs | ₹3,203.21 lakhs | +73.0% |
| Profit Before Tax: | ₹7,370.48 lakhs | ₹4,432.23 lakhs | +66.3% |
| Total Comprehensive Income: | ₹5,543.98 lakhs | ₹3,198.29 lakhs | +73.3% |
Major Warrant Conversion Exercise
The Fund-raising Committee of the Board of Directors approved a significant warrant conversion on 10th February, 2026. The company allotted 79,00,000 equity shares upon conversion of 7,90,000 warrants to Eminence Global Fund PCC-Eubilia Capital Partners Fund I, a non-promoter public category investor.
| Warrant Conversion Details: | Amount/Quantity |
|---|---|
| Warrants Converted: | 7,90,000 |
| Equity Shares Allotted: | 79,00,000 |
| Issue Price per Share: | ₹17.00 |
| Premium per Share: | ₹16.00 |
| Total Amount Received: | ₹10,07,25,000 |
| Outstanding Warrants: | 88,10,000 |
Enhanced Capital Structure
Following the warrant conversion, the company's capital structure has been significantly strengthened. The paid-up equity share capital increased to ₹99,63,60,000 consisting of 99,63,60,000 equity shares of Re. 1 each. The newly allotted shares rank pari-passu with existing equity shares.
| Capital Structure: | Post-Conversion |
|---|---|
| Paid-up Capital: | ₹99.64 crores |
| Total Equity Shares: | 99,63,60,000 |
| Face Value per Share: | Re. 1 |
| Allottee Shareholding: | 0.79% |
Operational Highlights
The company's expense management and inventory optimization contributed significantly to the improved profitability. Purchase of stock-in-trade increased to ₹14,092.50 lakhs in Q3FY26 from ₹11,099.90 lakhs in Q3FY25, reflecting higher business volumes. Changes in inventories showed a positive impact of ₹3,743.09 lakhs compared to ₹1,758.88 lakhs in the previous year quarter.
Employee benefit expenses rose to ₹375.12 lakhs from ₹330.22 lakhs, while finance costs decreased substantially to ₹118.77 lakhs from ₹192.14 lakhs, indicating improved financial efficiency.
Business Operations and Outlook
Motisons Jewellers operates in the jewellery retail business, offering products made of gold, diamonds, and Kundan, along with other jewellery items including pearl, silver, platinum, and other metals. The company provides a comprehensive range of traditional, contemporary, and combination designs across various jewellery categories, serving customers from its locations in Jaipur, Rajasthan. The remaining warrant holders have 18 months from the original allotment date to exercise their conversion rights.
Historical Stock Returns for Motisons Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.55% | -0.62% | +44.03% | -20.59% | -16.07% | +53.76% |
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