Moksh Ornaments LimitedQ1 FY27 Results & Financial Update

Moksh Ornaments Limited: Q1 FY27 standalone results and company financials – revenue ₹267.63 Cr, PAT ₹3.10 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: MOKSHPublished 17 Oct 2026Updated 17 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹267.63 CrReported Q1 FY27
Profit after tax₹3.10 CrReported Q1 FY27
EPS₹0.18Reported Q1 FY27

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Quarterly Results AnalysisExplore Moksh Ornaments Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Moksh Ornaments Limited reported total income from operations of INR 268.67 crore for the quarter ended June 30, 2026, alongside revenue from operations of INR 267.63 crore.

02

Profit before tax (PBT) for the quarter stood at INR 4.11 crore, reflecting improved earnings performance compared to preceding comparative periods.

03

Profit after tax (PAT) for Q1 FY27 settled at INR 3.10 crore, supported by a tax expense of INR 1.01 crore for the period.

04

Basic and diluted earnings per share (EPS) for the standalone entity both stood at INR 0.18 for the June 2026 quarter, calculated on a paid-up equity share capital base of INR 1.76 crore.

05

Total expenses for the quarter aggregated to INR 264.56 crore, dominated by purchases of stock-in-trade and inventory adjustments alongside operating overheads.

06

Finance costs for the quarter were reported at INR 1.29 crore, while depreciation and amortization expenses accounted for INR 0.68 crore.

07

The company confirmed through its financial notes that its entire operations relate to a single operating segment, rendering segment reporting under Ind AS 108 inapplicable.

08

The financial statements for the quarter were reviewed by the Audit Committee and approved by the Board of Directors during their meeting held on August 14, 2026.

01 · Business model

What does Moksh Ornaments do?

Moksh Ornaments Limited operates as a manufacturer and exporter of jewellery, carrying out its operations from Building No. SDF-IV within the Seepz Special Economic Zone in Andheri East, Mumbai.

The company's primary business model centers on the creation, wholesale, and export of finished gold and ornamental products, catering to downstream demand within the gems and jewellery sector.

Operating on a standalone basis, Moksh manages its procurement, manufacturing conversion, and distribution channels from its designated export-processing zone infrastructure in Mumbai.

Revenue generation is driven primarily by the sale of manufactured ornaments and traded stock-in-trade, supported by ancillary other income generated through operating activities.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹267.63 Cr
Total income₹268.67 Cr
Profit before tax₹4.11 Cr
Profit after tax₹3.10 Cr
EPS₹0.18

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 1.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 1.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹1.03 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Operational Revenue Scale

Revenue from operations reached INR 267.63 crore for Q1 FY27, bolstered by robust trading and manufacturing activity within the SEEPZ facility.

Other Income Contribution

Other income contributed INR 1.03 crore to the top line during the quarter, supplementing core operating receipts.

What drove margins

Cost of Stock-in-Trade

Purchases of stock-in-trade formed the largest cost component at INR 228.09 crore for the quarter.

Inventory Adjustments

Changes in inventories of finished goods, work-in-progress, and stock-in-trade resulted in an inventory drawdown adjustment of INR 32.30 crore.

Financing and Depreciation Charges

Finance costs of INR 1.29 crore and depreciation and amortization expenses of INR 0.68 crore exerted baseline claims against operating margins.

Employee and Other Overheads

Employee benefit expenses stood at INR 0.36 crore, while other expenses aggregated to INR 1.63 crore during the quarter.

04 · Reported developments

What changed operationally

Quarterly Profit Expansion

Standalone net profit for Q1 FY27 improved sequentially to INR 3.10 crore compared to INR 1.85 crore in the preceding quarter ended March 31, 2026.

05 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Finance Cost Outlay

The company incurred finance costs amounting to INR 1.29 crore during Q1 FY27 in connection with its debt and borrowing obligations.

06 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Approval and Review

The un-audited standalone financial results for the quarter ended June 30, 2026, were subjected to a limited review by statutory auditors S. D. Jain & Co. and approved by the Board of Directors on August 14, 2026.

07 · Previous-quarter changes

What changed since the previous quarter

Sequential Top-Line Movement

Revenue from operations increased to INR 267.63 crore in Q1 FY27 from INR 261.39 crore in Q4 FY26.

Sequential Bottom-Line Movement

Net profit for the period increased from INR 1.85 crore in Q4 FY26 to INR 3.10 crore in Q1 FY27.

08 · Key Q&A

The quarter, answered directly

What does Moksh Ornaments do?

Moksh Ornaments Limited operates as a manufacturer and exporter of jewellery, carrying out its operations from Building No. SDF-IV within the Seepz Special Economic Zone in Andheri East, Mumbai.

What is the clearest takeaway from Q1 FY27?

Moksh Ornaments Limited reported total income from operations of INR 268.67 crore for the quarter ended June 30, 2026, alongside revenue from operations of INR 267.63 crore.

What drove revenue or demand?

Revenue from operations reached INR 267.63 crore for Q1 FY27, bolstered by robust trading and manufacturing activity within the SEEPZ facility.

What mattered most for margins or profitability?

Purchases of stock-in-trade formed the largest cost component at INR 228.09 crore for the quarter.

What changed operationally beyond the headline numbers?

The un-audited standalone financial results for the quarter ended June 30, 2026, were subjected to a limited review by statutory auditors S. D. Jain & Co. and approved by the Board of Directors on August 14, 2026.

What should the next disclosure help confirm?

Monitor upcoming financial results for Q2 FY27 for sustained trends in top-line revenue generation and net profitability.

09 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

10 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Subsequent Quarterly Disclosures: Monitor upcoming financial results for Q2 FY27 for sustained trends in top-line revenue generation and net profitability.

  2. 02

    Inventory and Cost Management: Track the trajectory of stock-in-trade purchases and inventory variations in relation to broader raw material cost movements.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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