The company’s share surged significantly after securing a ₹17.17 crore export order from Singapore’s Dia-Globe. With advanced manufacturing and global reach, the company aims to strengthen exports and boost growth.
The shares of the well-known diamond manufacturer gained up to 5 percent in today’s trading session after the company bagged receipt of an export order from Dia-Globe Singapore PTE Ltd worth Rs 17.17 crore.
With a market capitalization of Rs 451.70 crore, the shares of Mini Diamonds India Ltd were trading at Rs 191.65 per share, increasing around 4.87 percent as compared to the previous closing price of Rs 182.75 apiece.
The shares of Mini Diamonds India Ltd have seen positive movement after receiving receipt of an export order valued at USD 2 million (approximately Rs 17.17 Crores) for the supply of lab-grown diamonds to a prominent overseas client from Singapore. This development is aligned with the company’s ongoing work to enhance its export revenues and strengthen its presence in global markets.
Also read: Why did Ashok Leyland Shares Crash by 50% Today? Here’s What You Need to Know
Additionally, this development showcases the company’s capacity to meet large-scale orders and is poised to significantly boost sales in the upcoming quarters. As Indian manufacturers gain traction globally, MDIL stands to benefit from its strong positioning and growing international footprint.
Looking forward to the company’s financial performance, revenue increased by 14 percent from Rs 84.70 crore in Q4FY24 to Rs 96.79 crore in Q4FY25. Furthermore, during the same time frame, the net profit turned into a loss, from a profit of Rs 1.34 crore to a loss of Rs 2.70 crore.
MDIL operates a technologically advanced manufacturing unit in Mumbai equipped with Sarin Technology, Auto Bruiting Machines, and Semi-Automatic Polishing and Sawing Machines for diamond processing. The company exports to major global markets, including the USA, Germany, Belgium, Canada, and Israel, reflecting its strong international presence and manufacturing capabilities.
Mini Diamonds (India) Ltd. primarily manufactures and trades in cut and polished diamonds and also manufactures jewelry. They operate a technologically advanced facility in Mumbai, India, and have a strong presence in both B2B and B2C segments in India and internationally.
Written by Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
