Parshva Enterprises Reports 56% Jump in Q1 Net Profit, Advances Jewellery Business Demerger
Parshva Enterprises Limited reported a standalone net profit of Rs 7.69 crore for Q1 FY2026, up 56% from Rs 4.94 crore in Q1 FY2025. Revenue from operations increased by 9.6% to Rs 615.79 crore. Consolidated net profit rose 61% to Rs 7.21 crore. The company's improved profitability is attributed to better operational efficiency and cost management. Parshva Enterprises is proceeding with the demerger of its jewellery business into its wholly-owned subsidiary, Simandhar Impex Limited, following shareholder approval and necessary regulatory clearances.