Shukra Jewellery revenue halves as September PBT falls to Rs 2.88 lakh

Shukra Jewellery Limited reported standalone revenue of Rs 48.32 lakh for the quarter ended 30 September 2026, down 55.3% from Rs 108.06 lakh a year earlier, while profit before tax fell to Rs 2.88 lakh from Rs 59.31 lakh. The diamond business supplied all of Shukra Jewellery’s quarterly revenue.

Why did Shukra Jewellery’s September-quarter revenue fall?

Shukra Jewellery’s standalone revenue fell to Rs 48.32 lakh in the quarter ended 30 September 2026 from Rs 108.06 lakh in the corresponding quarter of 2025. The decrease was Rs 59.74 lakh, or 55.3%, based on the company’s reported income from operations and segment revenue disclosures.

Revenue also declined sequentially from Rs 78.03 lakh in the quarter ended 30 June 2026. The Rs 29.71 lakh sequential reduction reflected lower diamond-business revenue, which fell to Rs 48.32 lakh from Rs 71.55 lakh, while the real-estate business had no revenue in the September 2026 quarter.

For the half year ended 30 September 2026, Shukra Jewellery reported revenue of Rs 126.35 lakh, compared with Rs 128.38 lakh in the prior-year half. The Rs 2.03 lakh half-year decrease was much narrower than the September-quarter decline because the June 2026 quarter contributed Rs 78.03 lakh of revenue.

How much did Shukra Jewellery’s profit before tax decline?

Shukra Jewellery reported profit before tax of Rs 2.88 lakh for the quarter ended 30 September 2026, against Rs 59.31 lakh a year earlier. The Rs 56.43 lakh reduction represented a 95.1% year-on-year decline in profit before tax.

The September-quarter result was nevertheless an improvement from the Rs 5.92 lakh loss before tax reported for the quarter ended 30 June 2026. The movement between the two 2026 quarters was Rs 8.80 lakh, although September profit before tax remained below the Rs 59.31 lakh reported in September 2025.

For the half year ended 30 September 2026, Shukra Jewellery reported a loss before tax of Rs 3.04 lakh, compared with profit before tax of Rs 63.41 lakh for the half year ended 30 September 2025. Basic and diluted earnings per share were Rs 0.02 each in the September 2026 quarter, versus Rs 0.44 each in the year-earlier quarter.

Which segment drove Shukra Jewellery’s September-quarter result?

Shukra Jewellery’s diamond business generated the full Rs 48.32 lakh of segment revenue in the September 2026 quarter, while the real-estate business reported no revenue. In the June 2026 quarter, diamond revenue was Rs 71.55 lakh and real-estate revenue was Rs 6.48 lakh, producing total revenue of Rs 78.03 lakh.

The year-on-year revenue decline was therefore concentrated in the diamond business, whose sales fell from Rs 108.06 lakh in the September 2025 quarter to Rs 48.32 lakh in September 2026. The real-estate segment recorded no revenue in both of those September quarters, according to the segment statement.

Diamond-business segment result was Rs 4 lakh in the September 2026 quarter, down from Rs 68.39 lakh a year earlier. The real-estate business reported a segment loss of Rs 6,000, resulting in combined segment profit of Rs 3.94 lakh before unallocable expenditure of Rs 1.04 lakh and finance cost of Rs 2,000; these items reconciled to profit before tax of Rs 2.88 lakh.

What changed in Shukra Jewellery’s assets and liabilities?

Shukra Jewellery reported total segment assets of Rs 46.46 crore at 30 September 2026, compared with Rs 47.15 crore at 30 June 2026 and Rs 42.66 crore at 30 September 2025. The September 2026 total included Rs 28.51 crore of diamond-business assets, Rs 13.67 crore of real-estate assets and Rs 4.28 crore of corporate unallocated assets.

The diamond business recorded the largest year-on-year asset increase, rising from Rs 17.02 crore at 30 September 2025 to Rs 28.51 crore at 30 September 2026. Real-estate assets moved in the opposite direction, declining from Rs 22.19 crore to Rs 13.67 crore over the same period, while that segment had no September 2026 revenue.

Total segment liabilities were Rs 9.39 crore at 30 September 2026, up from Rs 8.83 crore at 30 June 2026 and Rs 5.75 crore a year earlier. Capital employed, defined in the segment disclosure as assets less liabilities, stood at Rs 37.07 crore, compared with Rs 38.32 crore at 30 June 2026 and Rs 36.91 crore at 30 September 2025.

Were Shukra Jewellery’s September 2026 figures audited?

Shukra Jewellery’s standalone results for the quarter and half year ended 30 September 2026 were unaudited and were approved by its board on 14 November 2026. The company filed the outcome under Regulations 30 and 33 of the Securities and Exchange Board of India listing regulations.

Jain & Golechha Chartered Accountants issued a limited review report dated 14 November 2026 under Standard on Review Engagements 2410. The auditor said nothing had come to its attention suggesting that the unaudited results omitted required information or contained a material misstatement, while also stating that a limited review is not an audit.

Conclusion

Shukra Jewellery’s September 2026 standalone results showed a sharp quarterly contraction in revenue and profit before tax, with diamond-business sales falling to Rs 48.32 lakh and real estate contributing no revenue. The half-year revenue decrease was limited to Rs 2.03 lakh, but the company moved from Rs 63.41 lakh of half-year profit before tax in 2025 to a Rs 3.04 lakh loss before tax in 2026.

The filing provides no revenue target, earnings guidance, operating plan or date for the next financial-results announcement. The unresolved operating point in the disclosed figures is whether diamond-business revenue can recover from Rs 48.32 lakh and whether the real-estate segment, which reported no September-quarter revenue, records sales in a future period.