P N Gadgil Jewellers Limited’s Board of Directors 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 results show consolidated net profit after tax increasing significantly year-over-year for the nine-month period. Additionally, the Board approved a Postal Ballot notice to seek shareholder approval for the regularization of the appointment of Mr. Aditya Saurabh Gadgil as a Non-Executive Non-Independent Director.
Outcome of February 9, 2026 Board Meeting
The Board of Directors of P N Gadgil Jewellers Limited convened on Monday, February 09, 2026, commencing at 12:44 P.M. and concluding at 02:45 P.M. The primary outcomes involved the consideration and approval of key financial disclosures and corporate governance actions.
Unaudited Financial Results for Q3 FY26
The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and the nine months ended December 31, 2025. The Limited Review Report from the Statutory Auditors was also enclosed with the results.
Key Standalone Financial Highlights (Nine Months Ended Dec 31, 2025 vs. Dec 31, 2024)
- Profit/(Loss) after tax from continuing operations rose to ₹3,140.91 Million, up from ₹1,524.90 Million in the previous corresponding period.
- Total Income stood at ₹71,668.41 Million for the nine-month period.
- Earnings Per Share (Diluted) for the nine months was ₹23.14, compared to ₹11.24 previously.
Key Consolidated Financial Highlights (Nine Months Ended Dec 31, 2025 vs. Dec 31, 2024)
- Profit/(Loss) after tax from continuing operations reached ₹3,195.64 Million, significantly higher than ₹1,562.79 Million year-over-year.
- Total Income for the Group was ₹72,517.31 Million.
- Diluted Earnings Per Share for the nine months stood at ₹23.55, compared to ₹11.52 previously.
Director Appointment Approval
The second key resolution involved the approval of the Postal Ballot Notice to seek shareholder ratification for the regularization of the appointment of Mr. Aditya Saurabh Gadgil (DIN: 10052553) as a Director (Non-Executive Non-Independent) of the Company. Further details regarding the Postal Ballot will be communicated in due course.
Notes on Financial Reporting
IPO Proceeds Utilization
The company detailed the utilization of funds raised during the Initial Public Offer (IPO) completed in September 2024. The total issue size was ₹8,500 Million. As of December 31, 2025, ₹8,494.20 Million was utilized, with a small unutilized balance of ₹5.80 Million remaining, primarily related to Issue related expenses.
Exceptional Item: New Labour Codes Impact
The company recognized an estimated one-time increase in its provision for employee benefits amounting to ₹33.92 Million. This was recorded as an exceptional item due to the implementation of the Government of India’s ‘New Labour Codes’ effective November 21, 2025.
The final Unaudited Financial Results and the Review Reports are available on the BSE, NSE, and the Company’s official websites.
Source: BSE
