Synopsis: Golkunda Diamonds & Jewellery Limited, a Micro-cap Jewellery stock, reports 42.42% YoY revenue growth and a 203% YoY net profit surge in Q2 FY26 results.

This Micro-cap Jewellery stock, engaged in manufacturing and exporting diamond-studded gold jewellery and dealing in cut and polished diamonds globally, hit a 20 percent upper circuit after the company reported September quarterly results with a 203 percent YoY increase in net profit.

With a market capitalization of Rs. 152.17 crores, the shares of Golkunda Diamonds & Jewellery Limited hit a 20 percent upper circuit of Rs. 218.50 per share on Monday, up from its previous closing price of Rs. 182.10 per share.

Q2 FY26 Result Walkthrough

Coming into the quarterly results of Golkunda Diamonds & Jewellery Limited, the company’s consolidated revenue from operations increased by 42.42 percent YOY, from Rs. 56.83 crore in Q2 FY25 to Rs. 80.94 crore in Q2 FY26, and grew by 16.56 percent QoQ from Rs. 69.44 crore in Q1 FY26.

In Q2 FY26, Golkunda Diamonds & Jewellery Limited’s consolidated net profit increased by 203 percent YOY, reaching Rs. 3.18 crore compared to Rs. 1.05 crore during the same period last year. As compared to Q1 FY26, the net profit has increased by 1.27 percent, from Rs. 3.14 crore.

The basic earnings per share increased by 202.65 percent and stood at Rs. 4.57 as against Rs. 1.51 recorded in the same quarter in the previous year, FY2025. Golkunda Diamonds & Jewellery Limited’s revenue and net profit have grown at a CAGR of 13.63 percent and 43.1 percent, respectively, over the last five years.

In terms of return ratios, the company’s ROCE and ROE stand at 19.9 percent and 19.8 percent, respectively. Golkunda Diamonds & Jewellery Limited has an earnings per share (EPS) of Rs. 19.5, and its debt-to-equity ratio is 0.52x.

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Company Overview

Golkunda Diamonds & Jewellery Limited was incorporated in 1990 and is a Mumbai-based company engaged in manufacturing and exporting diamond-studded gold jewellery to global markets. 

The company was listed on the Indian stock exchanges in 1992 to extend its reach in the international casted jewellery market. Its expertise lies in producing a wide range of high-quality jewellery pieces such as necklaces, rings, bracelets, earrings, bangles, and pendants.

The company operates advanced manufacturing units in SEEPZ (Special Economic Zone) and Chakala, Mumbai, with a daily capacity of producing over 500 jewellery pieces. Golkunda participates regularly in major international jewellery exhibitions such as JCK Las Vegas, Hong Kong Jewellery Show, and Bahrain Jewellery Fair to showcase its innovative craftsmanship.

Written By – Nikhil Naik

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