AJC Jewel Manufacturers Ltd Sets Q2 FY27 Board Meeting

AJC Jewel Manufacturers Ltd will consider its unaudited standalone and consolidated Q2 FY27 results on November 13, 2026, following consolidated revenue of ₹101.38 crore in Q1 FY27, up 124.7% year-on-year. The meeting will also consider financial results for the half year ended September 30, 2026.

When will AJC Jewel release its Q2 FY27 results?

AJC Jewel will hold its board meeting on November 13, 2026, at its registered office to consider and approve the unaudited results for the September quarter and first half of FY27. The company disclosed the meeting intimation on November 9.

The scheduled date also appears as the Q2 FY27 earnings release date in the available event calendar. The disclosure does not provide estimates for revenue, profit, margins, order inflows, or other operating metrics for the quarter. Investors will therefore have to await the board-approved financial statements for confirmed Q2 numbers.

The company’s shares were quoted at ₹335.00 after declining 2.9% in the cited market update. Trading volume was 0.1 times its 20-day average volume, indicating that the price move occurred on materially lower-than-normal activity in that update.

What did AJC Jewel report in Q1 FY27?

AJC Jewel reported consolidated revenue of ₹101.38 crore in Q1 FY27, compared with ₹45.12 crore in Q1 FY26, representing year-on-year growth of 124.7%. Consolidated EBITDA rose to ₹4.64 crore from ₹1.58 crore, while consolidated net profit increased to ₹2.38 crore from ₹0.57 crore.

The company’s reported Q1 EBITDA margin was 4.58%, compared with 3.50% in the year-earlier period. These figures point to faster profit growth than revenue growth during the quarter, although the announced Q2 results will determine whether the trend continued through the September period.

Standalone quarterly disclosures also showed sales of ₹101.29 crore for the June 2026 quarter, operating profit of ₹4.71 crore and expenses of ₹96.58 crore. A separate quarterly results table lists revenue of ₹101.36 crore, EBITDA of ₹4.78 crore and net profit of ₹2.52 crore for June 2026. The company’s board announcement covers both standalone and consolidated accounts, which should provide the relevant basis for comparing the two reporting periods.

How has AJC Jewel’s annual financial performance changed?

AJC Jewel’s annual revenue rose to ₹291.39 crore in FY26 from ₹220.46 crore in FY25, based on the income-statement figures reported in million rupees and converted to crore rupees. This represented growth of 32.17%, following a 10.34% decline in FY25.

FY26 operating income was ₹13.64 crore, up from ₹5.34 crore in FY25. The annual-results table separately reported EBITDA of ₹14.68 crore, compared with ₹6.30 crore a year earlier, and net profit of ₹8.02 crore versus ₹2.86 crore. Differences between operating-income and EBITDA labels reflect the source tables and should not be treated as interchangeable measures.

The longer-term sales record shows revenue of ₹245.89 crore in FY24, ₹194.18 crore in FY23 and ₹127.39 crore in FY22. The FY26 recovery was accompanied by higher gross profit on sales of ₹15.58 crore, compared with ₹7.02 crore in FY25.

What operational factors are relevant for investors?

AJC Jewel operates in gold jewellery manufacturing and has also outlined an Esthara silver retail network. Its Q1 FY27 update said that the company had added corporate clients, including Kalyan Jewellers, and launched Esthara silver retail stores in Thrissur, Kerala.

The company has cited Indian gold casting capacity of 5 kg per day and silver capacity of up to 8 kg per day. Its Sharjah operation has cited gold jewellery capacity of up to 3 kg per day. Earlier stated utilisation was about 25% in India, or about 1.2 kg per day, while Sharjah utilisation was stated at about 800 grams per day.

Management has also disclosed a FY27 standalone India revenue target of ₹450 crore and referred to a 50% annual growth target for the next three years, clarified as volume-growth based. These are management targets rather than reported results. The Q2 statements may offer additional information on capacity use, retail expansion and progress toward the stated revenue objective.

How does the results meeting affect the market view?

The November 13 meeting is significant because it will provide the first reported financial update after the June quarter’s sharp year-on-year growth. It will also cover six-month performance, allowing investors to assess the pace of sales, profitability and working operations across the first half of FY27.

For shareholders, the low-volume 2.9% share-price decline cited ahead of the meeting is a market observation rather than evidence of a change in business performance. The board notice itself confirms only the planned consideration of results and does not announce dividends, capital raising, acquisitions or revised guidance.

Conclusion

AJC Jewel’s Q2 FY27 board meeting follows a Q1 in which consolidated revenue reached ₹101.38 crore and net profit reached ₹2.38 crore. Its FY26 annual figures also showed revenue and profitability improving from FY25, while the company continues to build manufacturing and retail operations.

The next confirmed event is the November 13, 2026 board meeting and Q2 FY27 release. Investors will watch for reported standalone and consolidated revenue, EBITDA, net profit, capacity utilisation and any disclosures concerning the Esthara network or the proposed UAE operation ownership plan.