Revenue from operations rose 55.1% year-on-year to ₹424 crore, compared with ₹273 crore in the year-ago quarter. EBITDA grew 92.4% to ₹61 crore, from ₹32 crore a year earlier, while the EBITDA margin expanded to 14.4% from 11.6% in the same period last year.
This is the company’s first quarterly result since its listing. Shankesh Jewellers was listed on the National Stock Exchange (NSE) and the BSE on August 25, 2026.
The Board of Directors, at its meeting held on September 10, 2026, considered and approved the unaudited standalone financial results for the quarter, along with the limited review report issued by statutory auditors V J Shah & Co.
Total income for the quarter stood at ₹4,236.09 million, against ₹2,731.77 million in the corresponding quarter last year. Total expenses rose to ₹3,656.50 million from ₹2,443.29 million, led by higher cost of raw materials consumed at ₹4,072.77 million. Profit before tax came in at ₹579.59 million, compared with ₹288.48 million a year earlier, while total tax expenses stood at ₹147.26 million against ₹72.45 million in the year-ago period.
Basic and diluted earnings per share for the quarter stood at ₹3.68, against ₹1.84 in the corresponding quarter of the previous year.
The company had completed its initial public offering (IPO) after the quarter ended, comprising a fresh issue of 2,94,82,000 equity shares of face value ₹5 each at an issue price of ₹93 per share, aggregating ₹274.18 crore, and an offer for sale of 1,00,00,000 equity shares by promoter selling shareholders, aggregating ₹93 crore.The Board also approved shifting the company’s registered office within Mumbai, from its current premises at Zaveri Bazar to Raja Bahadur Goverdhanlal Bansilal Building on Kalbadevi Road, Bhuleshwar, with effect from September 10, 2026.
Shares of Shankesh Jewellers closed at ₹98.45, up 0.53%, on the NSE as of 4:00 PM IST on September 10, 2026.
