Manoj Vaibhav Gems N Jewellers Limited (MVGJL) approved the audited financial results for the fourth quarter and financial year ended March 31, 2025, in a board meeting held on May 28, 2025.
The Board re-appointed M/s. P.A. Naidu & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2025-26 based on the Audit Committee's recommendation.
The Board reviewed and updated the policy on Code of Conduct and Code to Regulate, Monitor and Report Trading by Designated Persons as per SEBI regulations.
Financial Performance (₹ in million):
Revenue from operations for the year ended March 31, 2025, was ₹ 23,840.17 as against ₹ 21,496.73 in the previous year.
Net profit for the year stood at ₹ 1,004.21, compared to ₹ 809.26 in the previous year.
IPO Funds Utilization (₹ in million):
Proceeds utilized towards capital expenditure for 8 new showrooms: ₹ 119.98.
Inventory cost for the 8 new showrooms: ₹ 1,600.14.
General corporate purposes: ₹ 172.98.
Total unutilized funds as on March 31, 2025: ₹ 751.19, which is in the form of FD with Banks ₹ 745.20 and Balance in Monitoring A/c ₹ 5.99.
The auditor's report submitted by M/s. Sagar & Associates, Chartered Accountants, has an unmodified opinion on the annual audited financial results for the financial year ended March 31, 2025.