UH Zaveri Limited, a company listed on the Bombay Stock Exchange (BSE: 541338), has released its unaudited financial results for the second quarter and first half of the fiscal year 2026, ending September 30, 2025. The results show a mixed performance with revenue growth but a decline in profitability compared to the same period last year.

Financial Highlights

Key Observations

Revenue Growth

UH Zaveri Limited reported a significant increase in revenue from operations, with Q2 FY2026 revenue up by 60.6% year-over-year to Rs. 1,078.27 lakhs. For the first half of FY2026, revenue grew by 34% to Rs. 1,638.13 lakhs compared to the same period last year.

Profitability Decline

Despite the revenue growth, the company experienced a decline in profitability. Net profit for Q2 FY2026 decreased by 53.3% to Rs. 2.01 lakhs, compared to Rs. 4.30 lakhs in Q2 FY2025. For H1 FY2026, net profit fell by 80.8% to Rs. 3.58 lakhs from Rs. 18.62 lakhs in H1 FY2025.

Expense Management

Total expenses increased proportionally with revenue growth. In Q2 FY2026, expenses rose to Rs. 1,075.76 lakhs from Rs. 663.26 lakhs in Q2 FY2025, an increase of 62.2%.

Balance Sheet Position

As of September 30, 2025, the company's total assets stood at Rs. 2,903.45 lakhs, a decrease from Rs. 3,270.13 lakhs as of March 31, 2025. The company's inventory levels decreased to Rs. 2,346.15 lakhs from Rs. 2,573.33 lakhs over the same period.

Borrowings

Long-term borrowings decreased to Rs. 849.35 lakhs as of September 30, 2025, from Rs. 1,244.81 lakhs at the end of the previous fiscal year, indicating a reduction in the company's debt burden.

Management Commentary

The Board of Directors, led by Managing Director Hitesh Mahendrakumar Shah, approved these unaudited financial results in a meeting held on November 4, 2025. The company's Audit Committee reviewed and recommended the financial results before the board's approval.

Market Implications

Following the announcement of these results, the trading window for designated persons and their immediate relatives, which had been closed since October 1, 2025, will reopen 48 hours after the public disclosure of the financial results.

UH Zaveri Limited operates within a single primary business segment. The company's performance reflects the challenges and opportunities in the Indian retail jewelry sector, with strong revenue growth potentially offset by increased operational costs and market pressures affecting profitability.

UH Zaveri Limited, a company listed on the Bombay Stock Exchange (BSE: 541338), has announced the resignation of its Company Secretary and Compliance Officer, Ms. Surbhi Mathur. The resignation, effective October 1, 2025, was disclosed by the company in compliance with regulatory requirements.

Resignation Details

Ms. Mathur, who held the position of Company Secretary and Compliance Officer (ACS 61917), submitted her resignation letter to the Board of Directors on October 1, 2025. In her letter, she cited personal reasons for her decision to step down from her role.

Regulatory Compliance

UH Zaveri Limited promptly informed the BSE about this change in key managerial personnel, adhering to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, by providing detailed disclosures about the resignation.

Management's Response

Mr. Hitesh Mahendrakumar Shah, the Managing Director of UH Zaveri Limited, signed the official communication to the BSE. The company acknowledged Ms. Mathur's contribution and has initiated the process for the necessary regulatory filings, including those with the Registrar of Companies.

Surbhi Mathur's Farewell

In her resignation letter, Ms. Mathur expressed her gratitude to the Board of Directors and the management for their support during her tenure. She described her time with the company as a valuable learning experience and an honor. Ms. Mathur also extended her wishes for the company's continued success in its future endeavors.

The resignation of a key managerial person like the Company Secretary and Compliance Officer is a significant event for any listed company. UH Zaveri Limited will likely be looking to fill this crucial position to ensure continued compliance with regulatory requirements and smooth corporate governance.