P N Gadgil Jewellers Limited’s Board met on February 09, 2026, to approve the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. The company reported a Standalone Profit After Tax of ₹1,662.74 million for the quarter. Additionally, the Board approved seeking shareholder approval via Postal Ballot for the regularization of Mr. Aditya Saurabh Gadgil’s appointment as a Non-Executive Non-Independent Director.
Board Meeting Outcome and Financial Results
The Board of Directors of P N Gadgil Jewellers Limited convened on Monday, February 09, 2026, to finalize key corporate actions. The meeting commenced at 12:44 P.M. and concluded at 02:45 P.M.
The primary agenda item addressed the approval of the Unaudited Financial Results:
- Unaudited Standalone Financial Results for the quarter and nine months ended December 31, 2025.
- Unaudited Consolidated Financial Results for the quarter and nine months ended December 31, 2025.
These results were accompanied by the Limited Review Report issued by the Statutory Auditors.
Standalone Financial Highlights (Q3 FY2026)
The Standalone Statement of Results shows significant operational figures for the quarter ended December 31, 2025:
- Total Income: ₹32,806.54 million (compared to ₹21,744.67 million in the previous quarter).
- Profit/(Loss) before Tax: ₹2,231.23 million.
- Profit/(Loss) for the period, net of tax from continuing operations: ₹1,662.74 million.
- Earnings Per Share (Basic): ₹12.25 per share.
The company also noted an exceptional item of ₹33.92 million related to an estimated one-time increase in employee benefits provision due to the implementation of the ‘New Labour Codes’ effective November 21, 2025.
Consolidated Financial Highlights (Q3 FY2026)
The Consolidated results, including subsidiaries Gadgil Diamonds Private Limited and PNG Jewelers, Inc. (USA), also showed strong performance:
- Total Income: ₹33,300.21 million.
- Profit/(Loss) before Tax: ₹2,280.84 million.
- Profit/(Loss) for the period, net of tax from continuing operations: ₹1,709.11 million.
- Earnings Per Share (Basic): ₹12.59 per share.
Director Appointment Approved
The Board further approved seeking shareholder approval for the regularization of the appointment of Mr. Aditya Saurabh Gadgil (DIN: 10052553) as a Director (Non-Executive Non-Independent). Approval for this will be sought through a Postal Ballot, and the associated notice will be circulated in due course.
IPO Proceeds Utilization Update
Selected explanatory notes detailed the utilization of funds raised during the Initial Public Offer (IPO) finalized in September 2024. As of December 31, 2025, the total utilization stood at ₹8,494.20 million against the total raised amount of ₹8,500.00 million, leaving a minimal unutilized amount of ₹5.80 million, primarily related to issue expenses.
Specifically, the ₹3,000.00 million allocated for the repayment or pre-payment of certain borrowings and the ₹3,925.68 million for funding new store setups in Maharashtra have been fully utilized.
Source: BSE
