Shoora Designs Reports Revenue and Profit Decline in H1 FY2026

2 min read Updated on 12 Nov 2025, 12:45 PM

Reviewed by

Shriram SScanX News Team

Overview

Shoora Designs Limited, a Surat-based diamond company, announced unaudited financial results for H1 FY2026 ending September 30, 2025. Revenue from operations decreased by 18.5% to Rs. 189.74 lakhs, while profit after tax fell by 92.7% to Rs. 2.03 lakhs. Basic EPS dropped from Rs. 1.82 to Rs. 0.04. The company's inventories increased by 25.6% to Rs. 1,921.45 lakhs, while cash and cash equivalents declined by 88.7% to Rs. 43.51 lakhs. The board approved these results on November 12, 2025, and Piyush Kothari & Associates conducted a limited review, finding no issues with the financial statement presentation.

*this image is generated using AI for illustrative purposes only.

Shoora Designs Limited, a Surat-based diamond manufacturing and trading company, has announced its unaudited financial results for the half-year ended September 30, 2025. The company's performance shows a decline in both revenue and profitability compared to the previous period.

Financial Highlights

Metric	H1 FY2026	Previous Period	Change
Revenue from Operations	Rs. 189.74 lakhs	Rs. 232.90 lakhs	-18.5%
Profit After Tax	Rs. 2.03 lakhs	Rs. 27.72 lakhs	-92.7%
Basic Earnings Per Share	Rs. 0.04	Rs. 1.82	-97.8%

The company's revenue from operations decreased by 18.5% to Rs. 189.74 lakhs, down from Rs. 232.90 lakhs in the previous period. More significantly, the profit after tax saw a substantial decline of 92.7%, falling to Rs. 2.03 lakhs from Rs. 27.72 lakhs. This sharp decrease in profitability is also reflected in the basic earnings per share, which dropped from Rs. 1.82 to Rs. 0.04.

Balance Sheet Changes

Shoora Designs reported some notable changes in its balance sheet:

Inventories increased to Rs. 1,921.45 lakhs from Rs. 1,529.42 lakhs as of March 31, 2025, indicating a 25.6% rise.
Cash and cash equivalents saw a significant decline, falling to Rs. 43.51 lakhs from Rs. 384.16 lakhs, a decrease of 88.7%.

Company Operations

Shoora Designs Limited operates primarily in the manufacturing and trading of diamonds. The company's main operations include:

Sourcing of rough, polished, and uncut diamonds
Sales to retail and wholesale operations in Gujarat and Mumbai

The company's primary operational base is in Surat, Gujarat, a major hub for diamond processing in India.

Board Meeting and Results Approval

The board of directors of Shoora Designs Limited convened on November 12, 2025, at the company's registered office in Surat. During this meeting, the board considered and approved the standalone unaudited financial results for the half-year ended September 30, 2025. The meeting, which commenced at 11:00 A.M., concluded at 12:00 P.M.

Auditor's Review

Piyush Kothari & Associates, Chartered Accountants, conducted a limited review of the financial results. In their report, they stated that based on their review, 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 other recognized accounting practices and policies.

The financial results and the limited review report have been submitted to the BSE Limited in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders should note that these results reflect the company's performance in a challenging period, with significant decreases in revenue and profitability. The substantial increase in inventories coupled with the sharp decline in cash and cash equivalents may indicate potential liquidity concerns that warrant close monitoring in the coming quarters.

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