VEGA JEWELLERS LIMITED (Formerly known as PH Trading Limited) — Quarter and year ended 31st March 2026 (as reported on 13-05-2026)
Optional commentary: Consolidated financial results (Rs. in lakhs except EPS).
| S.No | Particulars | Quarter Ended 31st March, 2026 (Audited) (Refer note 9) | Quarter Ended 31st December, 2025 (Unaudited) | Quarter Ended 31st March, 2025 (Refer note 5) | Year Ended 31st March, 2026 (Audited) | Year Ended 31st March, 2025 (Refer note 5) |
|---|---|---|---|---|---|---|
| I. | Revenue from operations | 30,703.26 | 25,792.63 | – | 98,188.85 | – |
| II. | Other income | 89.76 | 31.89 | – | 217.07 | – |
| III. | Total Income (I+II) | 30,793.02 | 25,824.52 | – | 98,405.92 | – |
| IV. Expenses: | ||||||
| Cost of materials consumed | – | – | – | – | – | |
| Purchase of Traded Goods | 30,201.76 | 24,566.93 | – | 1,20,982.43 | – | |
| Changes in inventories of finished goods, by-products and work in progress | (4,114.89) | (3,232.66) | – | (37,161.82) | – | |
| Employee benefits expense | 689.16 | 738.45 | – | 2,558.61 | – | |
| Finance costs | 508.98 | 549.25 | – | 1,741.72 | – | |
| Depreciation and amortization expense | 211.22 | 183.93 | – | 670.99 | – | |
| Other expenses | 971.35 | 912.51 | – | 3,109.02 | – | |
| IV. Total expenses (IV) | 28,467.58 | 23,718.41 | – | 91,900.95 | – | |
| V. | Profit before tax (III-IV) | 2,325.44 | 2,106.11 | – | 6,504.97 | – |
| VI. Tax expense: | ||||||
| Current tax | 697.40 | 651.29 | – | 2,012.29 | – | |
| Deferred tax | (23.90) | (12.86) | – | (56.13) | – | |
| VI. Total Tax expense | 673.50 | 638.43 | – | 1,956.16 | – | |
| VII. | Profit for the period | 1,651.94 | 1,467.68 | – | 4,548.81 | – |
| Attributable to: | ||||||
| Equity holders of the parent | 1,556.91 | 1,225.20 | – | 3,976.39 | – | |
| Non-Controlling Interest | 95.04 | 242.49 | – | 572.42 | – | |
| VIII. Other comprehensive income | ||||||
| (i) Items that will not be reclassified to profit or loss | – | – | – | – | – | |
| Remeasurement of the net defined benefit liability/asset | – | – | – | – | – | |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | – | – | – | – | – | |
| IX. Total other comprehensive income, net of tax | – | – | – | – | – | |
| IX. Total comprehensive income for the period | 1,651.94 | 1,467.68 | – | 4,548.81 | – | |
| X. Earnings per equity share (Nominal value per share Rs. /-) | ||||||
| – Basic (Rs.) | 15.37 | 12.66 | – | 39.55 | – | |
| – Diluted (Rs.) | 15.35 | 12.64 | – | 39.48 | – |
Optional commentary: Consolidated statement of assets and liabilities (Rs. in lakhs).
| Particulars | As at 31st March 2026 (Audited) | As at 31st March 2025 (Refer note 5) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| (a) Property, plant and equipment | 1,849.03 | – |
| (b) Right-of-use assets | 3,465.87 | – |
| (c) Other intangible assets | ||
| (i) Investments | 426.29 | – |
| (ii) Others | 167.47 | – |
| (d) Deferred tax assets (net) | 59.14 | – |
| Non-current assets total | 5,979.66 | – |
| Current assets | ||
| (a) Inventories | 56,453.25 | – |
| (b) Financial assets | ||
| (i) Trade receivables | 390.21 | – |
| (ii) Cash and cash equivalents | 338.90 | – |
| (iii) Others | 139.69 | – |
| (c) Other current assets | 4,651.87 | – |
| Current assets total | 61,973.92 | – |
| Total assets | 67,953.58 | – |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| (a) Equity share capital | 1,017.63 | – |
| (b) Other equity | 15,399.22 | – |
| Total equity attributable to owners of the company | 16,416.85 | – |
| (c) Non controlling interest | 4,238.99 | – |
| Total equity | 20,655.84 | – |
| Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 3,529.15 | – |
| (ii) Lease liabilities | 3,293.76 | – |
| (b) Deferred tax liabilities (Net) | 2.30 | – |
| Non-current liabilities total | 6,825.21 | – |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 20,704.25 | – |
| (ii) Lease liabilities | 257.48 | – |
| (iii) Trade payables | 11,172.83 | – |
| – total outstanding dues of micro and small enterprises | – | – |
| – total outstanding dues of creditors other than micro and small enterprises | – | – |
| (iv) Other financial liabilities | 6,586.66 | – |
| (b) Other current liabilities | 1,751.31 | – |
| (c) Current tax liabilities (net) | – | – |
| Current liabilities total | 40,472.53 | – |
| Total equity and liabilities | 67,953.58 | – |
Optional commentary: Consolidated cash flows (Rs. in lakhs).
| S.No | Particulars | For the Year ended 31st March 2026 (Audited) | 31st March 2025 (Refer note 5) |
|---|---|---|---|
| A. | Cash flows from operating activities | ||
| Profit before tax | 6,504.97 | – | |
| Adjustments: | |||
| Depreciation and amortisation expense | 670.99 | – | |
| Finance cost | 1,741.72 | – | |
| Interest income | (217.07) | – | |
| Operating profit before working capital changes | 8,700.61 | – | |
| Movements in working capital: | |||
| Changes in inventories | (56,387.92) | – | |
| Changes in trade receivables | (130.18) | – | |
| Changes in other assets | (4,628.77) | – | |
| Changes in trade payables | 11,013.37 | – | |
| Changes in other liabilities | – | – | |
| Changes in loans | – | – | |
| Changes in other financials assets | (79.99) | – | |
| Changes in financial liability | – | – | |
| Changes in Other current liabilities | 6,583.35 | – | |
| Changes in other Other financial liabilities | (86.49) | – | |
| Cash flows generated from operating activities | (35,016.02) | – | |
| Income-taxes paid | – | – | |
| Net cash flows generated from operating activities (A) | (35,016.02) | – | |
| B. | Cash flows from investing activities | ||
| Purchase of property, plant and equipment and intangible assets | (2,298.19) | – | |
| Non current financials assets | (132.47) | – | |
| Acquisition of subsidiaries | (426.29) | – | |
| Loans granted to related and other parties | – | – | |
| Movement in other Non-Current assets | (0.48) | – | |
| Interest received | – | – | |
| Net cash flows used in investing activities (B) | (2,857.43) | – | |
| C. | Cash flows from financing activities | ||
| Proceeds from/Repayment of long-term borrowings | 3,529.14 | – | |
| Proceeds from/(repayment) of short-term borrowings | 20,704.25 | – | |
| Repayment of lease liabilities | (432.30) | – | |
| Proceeds from issue of shares and warrants | 6,311.84 | – | |
| Interest paid | 1,741.72 | – | |
| Proceeds from/(repayment) of long-term borrowings (repeat) | – | – | |
| Capital contribution | – | – | |
| Interest received | – | – | |
| Proceeds from capital contribution | 4,973.56 | – | |
| Net cash flows used in financing activities (C) | 36,828.21 | – | |
| Net change in cash and cash equivalents (A+B+C) | (1,045.24) | – | |
| Cash and cash equivalents (Opening balance) | 1,384.14 | – | |
| Cash and cash equivalents (Closing balance) | 338.90 | – |
Optional commentary: Consolidation notes—subsidiaries list (as presented).
| Name of Company | % Holding | Nature of relationship |
|---|---|---|
| i) Vega Jewellers KKD LLP | 67.99% | Subsidiary |
| ii) Vega Jewellers J Hills LLP | 60.98% | Subsidiary |
| iii) Vega Jewellers ELR LLP | 79.99% | Subsidiary |
| iv) Vega Jewellers DSNR LLP | 64.99% | Subsidiary |
| v) Diamond Nest Private Limited | 100.00% | Wholly owned subsidiary |
| vi) Vega Jewellery Mart Private | 100.00% | Wholly owned subsidiary |
Optional commentary: Standalone financial results (Rs. in lakhs except EPS).
| S.No | Particulars | Quarter Ended 31st March, 2026 (Audited) (Refer note 8) | Quarter Ended 31st December, 2025 (Unaudited) | Quarter Ended 31st March, 2025 (Audited) (Refer note 8) | Year Ended 31st March, 2026 (Audited) | Year Ended 31st March, 2025 (Audited) |
|---|---|---|---|---|---|---|
| I. | Revenue from operations | 18,318.76 | 13,692.16 | 521.50 | 59,699.41 | 1,030.28 |
| II. | Other income | 69.53 | 0.93 | 24.61 | 96.15 | 34.12 |
| III. | Total Income (I+II) | 18,388.29 | 13,693.09 | 546.11 | 59,795.56 | 1,064.40 |
| IV. Expenses: | ||||||
| Cost of materials consumed | – | – | – | – | – | |
| Purchase of Traded Goods | 18,068.31 | 13,519.29 | 577.38 | 81,358.85 | 1,051.94 | |
| Changes in inventories of finished goods, by-products and work in progress | (1,951.17) | (1,893.26) | (65.33) | (28,842.12) | (65.33) | |
| Employee benefits expense | 417.87 | 411.79 | – | 1,568.25 | – | |
| Finance costs | 209.61 | 199.31 | – | 800.98 | – | |
| Depreciation and amortization expense | 101.73 | 72.24 | – | 310.71 | – | |
| Other expenses | 591.96 | 337.16 | 33.92 | 1,484.64 | 54.49 | |
| IV. Total expenses (IV) | 17,438.31 | 12,646.53 | 545.97 | 56,681.31 | 1,041.10 | |
| V. | Profit before tax (III-IV) | 949.98 | 1,046.56 | 0.14 | 3,114.25 | 23.30 |
| VI. Tax expense: | ||||||
| Current tax | 245.38 | 268.77 | (2.34) | 817.96 | 3.59 | |
| Deferred tax | 21.01 | 10.27 | 1.11 | 28.21 | 1.11 | |
| VI. Total (Tax expense) | 266.39 | 279.04 | (1.23) | 846.17 | 4.70 | |
| VII. | Profit for the period | 683.59 | 767.52 | 1.37 | 2,268.08 | 18.60 |
| VIII. Other comprehensive income | ||||||
| (i) Items that will not be reclassified to profit or loss | – | – | – | – | – | |
| Remeasurement of the net defined benefit liability/asset | – | – | – | – | – | |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | – | – | – | – | – | |
| IX. Total other comprehensive income, net of tax | – | – | – | – | – | |
| IX. Total comprehensive income for the period | 683.59 | 767.52 | 1.37 | 2,268.08 | 18.60 | |
| X. Earnings per equity share (Nominal value per share Rs. /-) | ||||||
| – Basic (Rs.) | 6.75 | 7.93 | 0.29 | 22.40 | 3.88 | |
| – Diluted (Rs.) | 6.74 | 7.92 | 0.29 | 22.36 | 3.88 |
Optional commentary: Standalone statement of assets and liabilities (Rs. in lakhs).
| Particulars | As at 31st March 2026 (Audited) | As at 31st March 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| (a) Property, plant and equipment | 954.86 | – |
| (b) Right-of-use assets | 1,399.07 | – |
| (c) Capital work-in-progress | – | – |
| (d) Other intangible assets | 11.86 | – |
| (e) Intangible assets under development | – | – |
| (f) Financial assets | ||
| (i) Investments | 3,345.98 | – |
| (ii) Loans | – | – |
| (iii) Others | – | 35.00 |
| (g) Deferred tax assets (net) | – | 0.48 |
| (h) Other non-current assets | – | – |
| Non-current assets total | 5,711.77 | 35.48 |
| Current assets | ||
| (a) Inventories | 28,907.46 | 65.33 |
| (b) Financial assets | ||
| (i) Investments | – | – |
| (i) Trade rece |