Mini Diamonds FY26 profit rises, Q4 loss, 1:1 bonus issue

Mini Diamonds (India) Limited reported a consolidated net profit of ₹106.38 lakh for the financial year ended March 31, 2026, while the standalone net profit stood at ₹160.46 lakh. For the quarter ended March 31, 2026, the company recorded a consolidated net loss of ₹617.74 lakh, compared to a net profit of ₹329.92 lakh in the same period last year. The Board of Directors approved the audited financial results for the standalone and consolidated entities for the quarter and financial year ended March 31, 2026, during a meeting held on May 29, 2026.

The company’s total consolidated income for FY26 rose to ₹56,772.13 lakh from ₹40,602.06 lakh in the previous year. For the quarter ended March 31, 2026, total income was ₹15,009.49 lakh. Total expenses for the financial year increased to ₹56,603.34 lakh: the statutory auditors, M/s. Mittal and Associates issued an unmodified opinion on the financial results.

The standalone financial results for FY26 showed a total income of ₹56,835.33 lakh and a net profit of ₹160.46 lakh. In the fourth quarter, the standalone net loss was ₹514.61 lakh. The company’s earnings per share (EPS) for the consolidated results for FY26 were ₹0.09, while for the quarter ended March 31, 2026, it was a negative ₹0.52.

The Board approved an increase in the authorised share capital from ₹30 crore to ₹50 crore. Additionally, the Board approved the issuance of bonus shares in a 1:1 ratio, subject to member approval through a postal ballot. The record date for the bonus issue will be announced later.

The Independent Auditor’s Report noted that the company is irregular in the payment of Direct Taxes and Tax Deducted at Source. Some foreign debtors are subject to realisation and balance confirmation. The auditors also stated that the provisions of gratuity are not applicable as the number of employees is below the prescribed threshold limit.