Rajnish Retail Limited (formerly known as Sheetal Diamonds Limited) has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance with increased revenue but decreased profit.

Revenue Growth

The company reported a significant increase in revenue from operations for Q2 FY2026:

This represents a quarter-on-quarter growth of 61.07% and a year-on-year growth of 37.31%.

Profit Decline

Despite the revenue growth, Rajnish Retail experienced a decline in profit:

The profit for Q2 FY2026 decreased by 66.25% compared to the same quarter last year, although it showed a slight increase of 27.26% from the previous quarter.

Half-Year Performance

For the half-year ended September 30, 2025:

• Revenue from operations: Rs. 5,678.37 lakhs
• Total income: Rs. 5,710.82 lakhs
• Profit: Rs. 23.09 lakhs

Balance Sheet Highlights

Key changes in the balance sheet as of September 30, 2025, compared to March 31, 2025:

Management Commentary

The Board of Directors, in their meeting held on November 8, 2025, reviewed and approved these unaudited financial results. Vijay Kumar Chopra, Whole Time Director and CFO, signed off on the results.

Auditor's Review

C.P. Jaria & Co., Chartered Accountants, conducted a limited review of the financial results. They stated 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 SEBI regulations.

While Rajnish Retail has shown strong revenue growth, the significant decrease in profit year-over-year may raise questions about the company's cost management and operational efficiency. The substantial increase in inventories and trade receivables, coupled with the decrease in cash and cash equivalents, suggests potential challenges in working capital management.

Rajnish Retail Limited , known for its traditional retail business, has announced a strategic move into the digital and technology sector with the launch of 'Mumbai City Jobs', a new job portal app and website. This initiative marks a significant step in the company's business diversification strategy, targeting India's growing online recruitment and employment solutions market.

Key Features of 'Mumbai City Jobs'

• Platform Availability: Currently available on Android, with iOS and website versions in development
• Real-time Connectivity: Connects job seekers and employers instantaneously
• Job Categories: Covers multiple sectors including Retail, Logistics, IT, Finance, Sales, and Administration
• Geographic Focus: Targets metro and tier-2 cities

Strategic Vision

Rajnish Retail aims to establish 'Mumbai City Jobs' as a leading national job portal, positioning it to compete with established players like Naukri.com and Work India. This move represents a significant pivot from the company's traditional retail focus, showcasing its ambition to capitalize on the digital transformation sweeping across India's employment landscape.

Market Positioning

The launch of 'Mumbai City Jobs' underscores Rajnish Retail's commitment to diversifying its business model and tapping into the digital services market. By leveraging technology to address the needs of both job seekers and employers, the company is positioning itself at the intersection of retail, technology, and human resources.

As the platform evolves and expands to iOS and web formats, it will be interesting to observe how Rajnish Retail navigates the competitive landscape of online job portals and whether this diversification strategy yields the desired results in terms of market share and revenue growth.