AJC Jewel Manufacturers Limited has announced its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026 (Q2 & H1 FY27). The company reported a substantial 79.28% year-on-year revenue growth in H1 FY27, reaching ₹213.65 crore. EBITDA saw a remarkable increase of 97.91% to ₹10.23 crore, with Profit After Tax (PAT) surging by 100.40% to ₹5.23 crore.
AJC Jewel Manufacturers Reports Robust Financial Performance for H1 FY27
Malappuram, November 14, 2026 – AJC Jewel Manufacturers Limited (BSE: 544425), a prominent gold jewellery manufacturer, today announced its unaudited consolidated financial results for the second quarter and half year ended September 30, 2026 (Q2 & H1 FY27). The company demonstrated exceptional growth, with revenue from operations rising by 79.28% year-on-year to ₹213.65 crore for H1 FY27, compared to ₹119.17 crore in H1 FY26. This strong performance underscores the company’s expanding market presence and effective business strategies.
Significant Increase in Profitability
EBITDA for H1 FY27 witnessed a significant increase of 97.91%, reaching ₹10.23 crore from ₹5.17 crore in the previous year. The EBITDA margin improved to 4.78% from 4.33% in H1 FY26. Furthermore, Profit After Tax (PAT) more than doubled, surging by an impressive 100.40% to ₹5.23 crore in H1 FY27, compared to ₹2.61 crore in H1 FY26. The PAT margin also saw an upward trend, increasing to 2.44% from 2.19%.
Q2 FY27 Performance Highlights
In the second quarter of FY27 (Q2 FY27), AJC Jewel Manufacturers also reported strong year-on-year growth. Revenue increased by 51.66% to ₹112.34 crore, up from ₹74.07 crore in Q2 FY26. EBITDA for the quarter grew by 55.64% to ₹5.59 crore, with EBITDA margin rising to 4.96%. PAT for Q2 FY27 increased by 39.60% to ₹2.85 crore, and the PAT margin stood at 2.53%.
Key Business Developments
The company highlighted several key business initiatives contributing to its growth, including the Esthara Jewels Retail Expansion, with the opening of its fifth showroom in Erode, Tamil Nadu. Internationally, AJC Jewel Manufacturers is pursuing an 80% stake acquisition in a Sharjah-based jewellery manufacturing business to strengthen its UAE presence. The company has also introduced 9K gold jewellery products, diversified its manufacturing capabilities with new CNC machinery, and upgraded its Technology-Led B2B Platform.
Improved Working Capital Efficiency
Working capital efficiency improved in H1 FY27, with Debtor Days declining from 50.87 to 42.92 days and the Cash Conversion Cycle reducing from 83.38 to 79.89 days. Despite a marginal increase in inventory days, these improvements reflect better operational management and cash flow.
Management Commentary
Mr. Ashraf Perinkadakkad, Managing Director of AJC Jewel Manufacturers Limited, expressed satisfaction with the performance, stating, “We are pleased with our Q2 and H1 FY27 performance, reflecting growth in our jewellery manufacturing business and continued focus on operational efficiency. In H1 FY27, revenue from operations grew 79.28% year-on-year, EBITDA increased 97.91%, and PAT rose 100.40%, demonstrating improved profitability as we scale operations.”
Source: BSE
