Mini Diamonds (India) Limited Q2 profit reported at ₹1.31 crore

Mini Diamonds (India) Limited reported Q2 FY27 consolidated revenue of ₹14.47 crore and consolidated profit of ₹1.31 crore for the quarter ended September 30, 2026, compared with profit of ₹1.83 crore in Q2 FY26. The figures accompany the company's November 14 board meeting process for considering unaudited standalone and consolidated results.

What did Mini Diamonds report for Q2 FY27?

Mini Diamonds reported consolidated revenue of ₹14.47 crore and consolidated profit of ₹1.31 crore for Q2 FY27. The reported consolidated profit was lower than the ₹1.83 crore stated for the corresponding quarter of FY26, a decline of ₹0.52 crore.

On a standalone basis, Mini Diamonds reported revenue of ₹4.03 crore and profit of ₹0.88 crore for the September 2026 quarter. For the first half of FY27, the supplied results information states consolidated profit of ₹2.49 crore. No detailed half-year revenue figure, balance-sheet data, cash-flow statement, or segment-wise breakup was provided in the material.

The company had earlier reported consolidated revenue of ₹196.53 crore and net profit of ₹2.67 crore for the June 2026 quarter. That June-quarter profit was 50% higher than ₹1.78 crore in the June 2025 quarter, while sales were stated to be 95.40% higher year on year.

When did the board consider the September-quarter results?

Mini Diamonds informed BSE that its board meeting was scheduled for Saturday, November 14, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The board-meeting intimation was dated November 6, 2026 and was signed by Managing Director Upendra Narottamdas Shah.

The stated agenda also included other business, described as inter alia in the exchange intimation. The notice did not specify any dividend proposal, operational announcement, capital-raising decision, or guidance along with the financial-results agenda.

The company said its trading window would reopen 48 hours after the declaration of the unaudited standalone and consolidated results. Such closures and reopening periods are part of the framework intended to restrict trading by designated persons while they may possess unpublished price-sensitive information.

What are the key reported financial figures?

The available information shows a difference between Mini Diamonds' standalone and consolidated Q2 FY27 figures, with consolidated revenue and profit above the standalone numbers. Investors should distinguish between the two reporting bases when comparing quarterly performance.

Mini Diamonds' FY26 consolidated revenue was stated at ₹567.22 crore, with net profit of ₹1.06 crore and an EBITDA margin of 0.30%. This indicates that profitability has been a key point of attention relative to the scale of reported revenue.

The supplied quarterly data also lists June 2026 net sales turnover of ₹196.53 crore, March 2026 turnover of ₹149.98 crore, and December 2025 turnover of ₹167.20 crore. These historical figures provide context, but the material does not provide a like-for-like explanation for the reported September-quarter revenue figure.

How does the update matter for Mini Diamonds investors?

The September-quarter disclosure matters because it provides the latest reported profit figure after Mini Diamonds returned to profitability in the June 2026 quarter. Consolidated Q2 profit of ₹1.31 crore was below the ₹1.83 crore reported for Q2 FY26, while the first-half consolidated profit was stated at ₹2.49 crore.

For investors, the main issues are the trend in reported revenue, the difference between standalone and consolidated financial statements, and the extent to which profits are retained as margins. The Q2 material does not provide EBITDA, margin, expense, receivables, inventory, or cash-flow data, limiting conclusions about the drivers of the reported profit change.

The June-quarter results had marked a recovery from a March-quarter consolidated loss of ₹5.74 crore, based on the supplied quarterly data. The company also reported operating profit of ₹3.70 crore in June 2026, compared with an operating loss of ₹8.21 crore in March 2026. These figures make the subsequent half-year disclosures relevant for assessing whether profitability is stabilising.

What corporate actions and disclosures should investors monitor?

Mini Diamonds' board had previously approved the reappointment of Upendra Narottamdas Shah as managing director, according to the supplied information. It also approved an increase in authorised share capital to ₹50 crore.

The company had earlier announced a 1:1 bonus issue. The material also refers to a warrant issuance plan announced with the June-quarter results, although it does not provide the issue size, price, conversion terms, or implementation status. Investors assessing the equity base would need those details from the relevant exchange filings.

The November 14 board agenda was specifically focused on unaudited standalone and consolidated financial results for the September quarter and first half. The source material does not disclose management guidance, a forecast for the remainder of FY27, or a scheduled date for the next earnings announcement.

Conclusion

Mini Diamonds reported Q2 FY27 consolidated revenue of ₹14.47 crore and profit of ₹1.31 crore, with the profit below the ₹1.83 crore stated for Q2 FY26. Standalone Q2 profit was ₹0.88 crore, while consolidated first-half profit was ₹2.49 crore. The November 14 board process is significant because it formalises the consideration of the September-quarter and half-year financial statements.

The next disclosures to watch are the detailed unaudited results filed after the board meeting, including any notes explaining revenue movements, expenses, margins, working capital, and the difference between standalone and consolidated performance. Investors may also monitor subsequent filings for clarity on the previously mentioned warrant plan and authorised-capital increase.