Sunraj Diamond Exports posts Rs 15.98 lakh half-year loss

Sunraj Diamond Exports Limited reported a consolidated loss of Rs 15.98 lakh for the half year ended September 30, 2026, compared with a Rs 1.14 lakh loss a year earlier, as total income fell to Rs 88.61 lakh from Rs 113.96 lakh. Revenue from operations declined to Rs 88.60 lakh and other income was nil.

How did Sunraj Diamond Exports perform in the first half?

Sunraj Diamond Exports recorded a consolidated loss of Rs 15.98 lakh in the half year ended September 30, 2026, widening from Rs 1.14 lakh in the corresponding 2025 period. The loss before tax was Rs 15.90 lakh, compared with a Rs 0.98 lakh loss a year earlier, and the statement reported no exceptional items for either half-year period.

Sunraj Diamond Exports’ revenue from operations fell by Rs 2.11 lakh year on year to Rs 88.60 lakh. The larger change was in other income, which was nil against Rs 23.26 lakh in the prior-year half, causing total income to decline by Rs 25.35 lakh despite the relatively limited reduction in operating revenue.

Total expenses declined by Rs 10.44 lakh to Rs 104.50 lakh from Rs 114.94 lakh. That reduction did not match the Rs 25.35 lakh fall in total income, leaving expenses Rs 15.89 lakh above reported total income in the 2026 half year, compared with a Rs 0.98 lakh gap in the comparable period.

What changed in Sunraj Diamond Exports’ expenses?

Sunraj Diamond Exports reduced purchases of stock-in-trade to Rs 68.85 lakh in the 2026 half year from Rs 112.37 lakh a year earlier, a decline of Rs 43.52 lakh. However, the change in inventories was an expense of Rs 11.20 lakh, whereas it had been a Rs 24.60 lakh credit in the September 2025 half year.

Employee-benefit expense rose to Rs 9.39 lakh from Rs 8.09 lakh, while other expenses declined to Rs 13.65 lakh from Rs 14.42 lakh. Manufacturing expenses fell to Rs 0.32 lakh from Rs 2.76 lakh, and depreciation and amortisation decreased modestly to Rs 0.82 lakh from Rs 0.88 lakh.

Finance costs were Rs 0.28 lakh, down from Rs 1.02 lakh in the prior-year half. These lower charges, together with the decrease in stock purchases, contributed to the Rs 10.44 lakh reduction in total expenses, but they did not offset the loss of Rs 23.26 lakh of other income.

The company identifies its business as trading and manufacturing in gems and precious metals. It said segment reporting under Indian Accounting Standard 108 was not applicable, so the filing does not provide separate half-year revenue or profit figures for the trading and manufacturing activities.

How did the September quarter compare with earlier periods?

Sunraj Diamond Exports reported a loss of Rs 8.13 lakh for the quarter ended September 30, 2026, compared with a Rs 7.85 lakh loss in the quarter ended June 30, 2026. The September 2026 result contrasts with a Rs 13.82 lakh profit in the quarter ended September 30, 2025.

Quarterly revenue from operations was Rs 44.18 lakh in September 2026, almost unchanged from Rs 44.42 lakh in June 2026 but lower than Rs 67.78 lakh a year earlier. Total income was Rs 44.18 lakh, against Rs 44.43 lakh in June and Rs 90.54 lakh in September 2025, when other income amounted to Rs 22.76 lakh.

Total expenses were Rs 52.25 lakh in the September 2026 quarter, virtually unchanged from Rs 52.26 lakh in June 2026 and below Rs 76.69 lakh in the year-earlier quarter. The loss before tax was Rs 8.07 lakh, compared with Rs 7.83 lakh in June, while the September 2025 quarter had profit before tax of Rs 13.85 lakh.

Basic and diluted loss per share was Rs 0.15 for the September 2026 quarter, the same as in June 2026. For the six months, basic and diluted loss per share was Rs 0.30, compared with a loss per share of Rs 0.02 in the corresponding 2025 half year; paid-up equity share capital was Rs 53.30 lakh.

What do Sunraj Diamond Exports’ cash flow and balance sheet show?

Sunraj Diamond Exports used Rs 28.61 lakh in operating activities during the half year ended September 30, 2026, compared with Rs 89.28 lakh generated in the corresponding 2025 period. Operating profit before working-capital changes was a loss of Rs 12.15 lakh, versus a Rs 0.73 lakh profit before those changes a year earlier.

Working-capital movements included a Rs 27.25 lakh decrease in trade receivables and an Rs 11.20 lakh inventory-related movement. Trade and other payables decreased by Rs 48.91 lakh, compared with a Rs 0.10 lakh decrease in the prior-year half, contributing to the operating cash outflow.

Net borrowings provided Rs 29.00 lakh of financing cash flow, while finance costs used Rs 0.28 lakh. In the comparable 2025 half year, borrowings net of repayments were an outflow of Rs 81.52 lakh; cash and cash equivalents ended September 2026 at Rs 5.76 lakh, compared with Rs 11.31 lakh a year earlier.

The consolidated balance sheet reported inventories of Rs 16.35 crore at September 30, 2026, down from Rs 17.32 crore at September 30, 2025. Trade receivables overdue by more than three years were Rs 8.27 crore, compared with Rs 8.47 crore a year earlier, while trade payables beyond three years were Rs 9.31 crore against Rs 0.03 crore.

What did the auditor conclude on Sunraj Diamond Exports’ results?

Sunraj Diamond Exports’ board approved the unaudited consolidated financial results on November 5, 2026. Govind Prasad and Co. issued an unmodified limited-review conclusion under Regulation 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

The review report said nothing had come to the auditor’s attention to indicate that the consolidated statement had not made the required disclosures or contained a material misstatement. The auditor stated that a review is substantially narrower in scope than an audit and therefore does not provide audit assurance.

The group includes Sunraj Diamonds DMCC as a subsidiary. The auditor did not review that subsidiary’s interim results, which showed nil total revenue, nil net loss after tax and nil total comprehensive income for the quarter ended September 30, 2026; the auditor did not modify its conclusion for this matter.

Conclusion

Sunraj Diamond Exports’ first-half loss widened to Rs 15.98 lakh as the Rs 25.35 lakh decline in total income exceeded the Rs 10.44 lakh reduction in expenses. The absence of Rs 23.26 lakh of other income and the fall in operating revenue to Rs 88.60 lakh were the principal reported changes from the September 2025 half year.

The filing sets no earnings target or reporting-date timetable beyond the September 30, 2026 results approved on November 5, 2026. The disclosed balance-sheet matters to watch in subsequent filings include Rs 8.27 crore of receivables overdue by more than three years, Rs 9.31 crore of payables beyond three years, and operating cash flow after the Rs 28.61 lakh outflow.