Integrated Filing — IndAS



General information about company
Scrip Code 543995
NSE Symbol MVGJL
MSEI Symbol NOTLISTED
ISIN INE0KNT01012
Name of company Manoj Vaibhav Gems N Jewellers Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 28-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment The Company is engaged in the retail Jewellery business.
Start date and time of board meeting 28-May-2025   11:41:00
End date and time of board meeting 28-May-2025   14:35:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-06
Indicate Company website link for updated RPT policy of the Company https://www.vaibhavjewellers.com/investor-relations
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There are no such instances



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 7051010000 23840170000
Other income 23770000 134250000
Total income 7074780000 23974420000
2 Expenses
(a) Cost of materials consumed 3884280000 13473360000
(b) Purchases of stock-in-trade 3191720000 9707730000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -883460000 -2410990000
(d) Employee benefit expense 129170000 498060000
(e) Finance costs 96300000 399760000
(f) Depreciation, depletion and amortisation expense 21930000 83260000
(f) Other Expenses
1 Job work charges 114440000 434290000
2 Frieght and forwarding charges 3770000 8020000
3 Electricity Charges 6310000 21650000
4 Rent 4590000 18250000
5 Repairs and Maintenance 6730000 17820000
6 Insurance 1000000 6920000
7 Rates and Taxes 1030000 19110000
8 Other Expenses 135230000 400540000
Total other expenses 273100000 926600000
Total expenses 6713040000 22677780000
3 Total profit before exceptional items and tax 361740000 1296640000
4 Exceptional items 0 0
5 Total profit before tax 361740000 1296640000
6 Tax expense
7 Current tax 94950000 297510000
8 Deferred tax -700000 -5080000
9 Total tax expenses 94250000 292430000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 267490000 1004210000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 267490000 1004210000
17 Other comprehensive income net of taxes -100000 -2440000
18 Total Comprehensive Income for the period 267390000 1001770000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 488470000 488470000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 6699150000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.48 20.56
Diluted earnings (loss) per share from continuing operations 5.48 20.56
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.48 20.56
Diluted earnings (loss) per share from continuing and discontinued operations 5.48 20.56
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 440460000
Capital work-in-progress 4700000
Investment property 194310000
Goodwill 0
Other intangible assets 246470000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 37740000
Total non-current financial assets 37740000
Deferred tax assets (net) 42420000
Other non-current assets 13100000
Total non-current assets 979200000
2 Current assets
Inventories 13172260000
Current financial asset
Current investments 0
Trade receivables, current 295500000
Cash and cash equivalents 253030000
Bank balance other than cash and cash equivalents 44560000
Loans, current 2500000
Other current financial assets 179870000
Total current financial assets 775460000
Current tax assets (net) 0
Other current assets 53960000
Total current assets 14001680000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 14980880000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 488470000
Other equity 6699150000
Total equity attributable to owners of parent 7187620000
Non controlling interest
Total equity 7187620000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 120350000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 6160000
Total non-current financial liabilities 126510000
Provisions, non-current 47560000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 268480000
Total non-current liabilities 442550000
Current liabilities
Current financial liabilities
Borrowings, current 3559460000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 55240000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1351550000
Total Trade payable 1406790000
Other current financial liabilities 24510000
Total current financial liabilities 4990760000
Other current liabilities 2383100000
Provisions, current 10390000
Current tax liabilities (Net) -33540000
Deferred government grants, Current 0
Total current liabilities 7350710000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 7793260000
Total equity and liabilites 14980880000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit plans -120000 -3260000
Total Amount of items that will not be reclassified to profit and loss -120000 -3260000
2 Income tax relating to items that will not be reclassified to profit or loss -20000 -820000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -100000 -2440000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1296640000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories -2365890000
Adjustments for decrease (increase) in trade receivables, current -27610000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 25900000
Adjustments for decrease (increase) in other non-current assets -180000
Adjustments for other financial assets, non-current 31270000
Adjustments for other financial assets, current 11430000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 410520000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -77070000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 83260000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 1730000
Adjustments for provisions, non-current 5890000
Adjustments for other financial liabilities, current -7690000
Adjustments for other financial liabilities, non-current 640000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -8400000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -1916200000
Net cash flows from (used in) operations -619560000
Dividends received 0
Interest paid -383590000
Interest received -87990000
Income taxes paid (refund) 342740000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -666700000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 116280000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 85270000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 1303300000
Net cash flows from (used in) investing activities 1272290000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings -264720000
Repayments of borrowings 100550000
Payments of lease liabilities 44130000
Dividends paid 0
Interest paid 351150000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -760550000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -154960000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -154960000
Cash and cash equivalents cash flow statement at beginning of period 407990000
Cash and cash equivalents cash flow statement at end of period 253030000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Sagar & Associates Yes 30-Nov-2025


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 28-Sep-2023
Amount Raised 210000000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Care Ratings Ltd
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Estimated capital expenditure cost for the proposed eight (8) new showrooms Not Applicable 12000000 0 12000000 0
2 Estimated inventory cost for New Showrooms proposed to be opened Not Applicable 160020000 0 160020000 0
3 General Corporate Purpose Not Applicable 17320000 0 17320000 0


Signatory Details
Name of signatory Sai Keerthana Grandhi
Designation of person Chief Financial Officer
Place Visakhapatnam
Date 28-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Manoj Vaibhav Gems 'N' Jewellers Limited Grandhi Bharata Mallika Ratna Kumari HUF Enterprises over which Director is having Significant Influence Sale of goods or services 1500000000 NIL 73260000 8550000 0
2 Manoj Vaibhav Gems 'N' Jewellers Limited Grandhi Krishna Kumari Relative of KMP & Director Any other transaction Lease Rental Expenses 1500000 NIL 510000 0 0
3 Manoj Vaibhav Gems 'N' Jewellers Limited Grandhi Bharata Mallika Ratna Kumari HUF Enterprises over which Director is having Significant Influence Any other transaction Lease Rental Income 1500000 NIL 110000 8550000 0
4 Manoj Vaibhav Gems 'N' Jewellers Limited Grandhi Bharata Mallika Ratna Kumari Chairperson & Managing Directo Remuneration NIL 13970000 2340000 2250000
5 Manoj Vaibhav Gems 'N' Jewellers Limited Sai Keerthana Grandhi Wholetime Director & CFO Remuneration NIL 3030000 550000 670000
6 Manoj Vaibhav Gems 'N' Jewellers Limited Sai Sindhuri Grandhi Executive Director Remuneration NIL 1300000 260000 290000
Total value of transaction during the reporting period 92180000