BLUESTONE2025-07-012025-09-30BLUESTONE2025-09-30BLUESTONE2025-03-31BLUESTONE2025-04-012025-09-30BLUESTONE2025-07-012025-09-30in-capmkt:OtherExpenses1MemberBLUESTONE2025-07-012025-09-30in-capmkt:OtherExpenses2MemberBLUESTONE2025-07-012025-09-30in-capmkt:OtherExpenses3MemberBLUESTONE2025-07-012025-09-30in-capmkt:OtherExpenses4MemberBLUESTONE2025-04-012025-09-30in-capmkt:OtherExpenses1MemberBLUESTONE2025-04-012025-09-30in-capmkt:OtherExpenses2MemberBLUESTONE2025-04-012025-09-30in-capmkt:OtherExpenses3MemberBLUESTONE2025-04-012025-09-30in-capmkt:OtherExpenses4MemberBLUESTONE2025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1BLUESTONE2025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares544484BLUESTONENOTLISTEDINE304W01038BlueStone Jewellery and Lifestyle LimitedMain BoardEquity2025-04-012026-03-312025-11-042025-10-29INRMillionsQuarterlySecond quarterSingle segmentDesign, manufacture and sale of jewellery2025-11-0415:00:002025-11-0416:20:00trueCash Flow IndirectNot applicable2025-07-012025-09-30UnauditedConsolidated51362700001165800005252850000439975000016650000-13124800007208700005241500005148300008946700005758440000-5055900000-5055900000000-505590000000-15430000-5210200002820000-518200000-517488000-3530000282000001513200001-3.73-3.7300-3.73-3.731) The unaudited consolidated financial results of BlueStone Jewellery and Lifestyle Limited (formerly known as BlueStone Jewellery and Lifestyle Private Limited) (the "Holding Company") and its subsidiary (together referred as "Group"), and its associate have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015 as amended. <BR> <BR> 2) The unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company at their meeting held on 04 November 2025. These unaudited consolidated financial results have been subjected to review by the statutory auditors of the Holding Company and they have issued an unmodified conclusion on these unaudited consolidated financial results. <BR> <BR> 3) The unaudited consolidated financial results of the Holding Company consist financial results of its subsidiary company, Ethereal House Private Limited and it also includes share of its loss from associate company, Redefine Fashion Private Limited. <BR> <BR> 4) The Holding Company made an investment in the subsidiary with effect from 6 January 2025 and in the associate with effect from 11 November 2024. Accordingly, the preparation of consolidated financial statements became applicable from the quarter ended 31 December 2024. Hence, for the purpose of presenting comparative financial results, the Holding Company has disclosed standalone financial results for the quarter and half year ended 30 September 2024. <BR> <BR> 5) During the quarter ended 30 September 2025, the Holding Company has completed its Initial Public Offering (IPO) comprising a fresh issuance of 15,860,735 equity shares with a face value of INR 1/- each and Offer for Sale of 13,939,063 equity shares of face value of INR 1/- each. These shares were offered at an issue price of INR 517/- per equity share. The Holding Company raised a total of INR 15,406.50 million (including INR 8,200 million with respect to fresh issuance of equity shares) and the Holding Company's equity shares were listed on the BSE Limited and National Stock Exchange of India Limited with effect from 19 August 2025. Consequently, the requirement of submission of consolidated financial results is applicable on listing of equity shares of the Holding Company from the quarter ended 30 June 2025 and accordingly the Holding Company was not mandatorily required to prepare and publish quarterly results for the quarter and half year ended 30 September 2024 in accordance with the regulations. <BR> <BR> The utilisation of net IPO proceeds is summarised below: <BR> (Rs. in million) <BR> Sr. No Item Head Amount as proposed in the Offer Document Amount utilized upto 30 September 2025 Total unutilised amount as on 30 September 2025 <BR> 1 Working capital requirement 7,500.00 1,906.50 5,593.50 <BR> 2 General corporate purpose 207.50 207.50 <BR> 3 Issue expenses 492.50 492.50 <BR> Total 8,200.00 1,906.50 6,293.50 <BR> <BR> <BR> 1) The unaudited consolidated financial results of BlueStone Jewellery and Lifestyle Limited (formerly known as BlueStone Jewellery and Lifestyle Private Limited) (the "Holding Company") and its subsidiary (together referred as "Group"), and its associate have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015 as amended. <BR> <BR> 2) The unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company at their meeting held on 04 November 2025. These unaudited consolidated financial results have been subjected to review by the statutory auditors of the Holding Company and they have issued an unmodified conclusion on these unaudited consolidated financial results. <BR> <BR> 3) The unaudited consolidated financial results of the Holding Company consist financial results of its subsidiary company, Ethereal House Private Limited and it also includes share of its loss from associate company, Redefine Fashion Private Limited. <BR> <BR> 4) The Holding Company made an investment in the subsidiary with effect from 6 January 2025 and in the associate with effect from 11 November 2024. Accordingly, the preparation of consolidated financial statements became applicable from the quarter ended 31 December 2024. Hence, for the purpose of presenting comparative financial results, the Holding Company has disclosed standalone financial results for the quarter and half year ended 30 September 2024. <BR> <BR> 5) During the quarter ended 30 September 2025, the Holding Company has completed its Initial Public Offering (IPO) comprising a fresh issuance of 15,860,735 equity shares with a face value of INR 1/- each and Offer for Sale of 13,939,063 equity shares of face value of INR 1/- each. These shares were offered at an issue price of INR 517/- per equity share. The Holding Company raised a total of INR 15,406.50 million (including INR 8,200 million with respect to fresh issuance of equity shares) and the Holding Company's equity shares were listed on the BSE Limited and National Stock Exchange of India Limited with effect from 19 August 2025. Consequently, the requirement of submission of consolidated financial results is applicable on listing of equity shares of the Holding Company from the quarter ended 30 June 2025 and accordingly the Holding Company was not mandatorily required to prepare and publish quarterly results for the quarter and half year ended 30 September 2024 in accordance with the regulations. <BR> The utilisation of net IPO proceeds is summarised below: <BR> (Rs. in million) <BR> Sr. No Item Head Amount as proposed in the Offer Document Amount utilized upto <BR> 30 September 2025 Total unutilised amount as on <BR> 30 September 2025 <BR> 1 Working capital requirement 7,500.00 1,906.50 5,593.50 <BR> 2 General corporate purpose 207.50 - 207.50 <BR> 3 Issue expenses 492.50 - 492.50 <BR> Total 8,200.00 1,906.50 6,293.50 <BR> <BR> 6) The Group operate in a single operating segment of design, manufacture and sale of jewellery. Accordingly, the Group has only one reportable segment and disclosure as per Ind AS 108 "Operating Segment" is not applicable. <BR> <BR> 7) During the half year ended 30 September 2025, the Holding Company has granted 1,647,192 (30 September 2024: 1,983,527) Employee Stock Options (ESOP's) under Employee stock option plan 2014. <BR> <BR> 8) During the quarter ended 30 September 2025, the Promoter of the Holding Company contributed Rs. 76.83 million towards the “PC shortfall amount” in compliance with Regulation 15 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations. <BR> <BR> 9) During the quarter ended 30 September 2025, the Board of Directors of the Holding Company, at its meeting held on 4 July 2025, approved the conversion of the following series of Compulsorily Convertible Preference Shares (“CCPS”) into equity shares of the Holding Company: <BR> a) Series A, B, B1, B2, B3, C, D, D1, D2, D3, E and F CCPS, converted at a ratio of 10:1, resulting in the allotment of 70,179,070 equity shares of face value INR 1/- each; <BR> b) Series E2 CCPS, converted at a ratio of 5.013:1, resulting in the allotment of 1,984,380 equity shares of face value INR 1/- each; and <BR> c) Series G and H CCPS, converted at a ratio of 1:1, resulting in the allotment of 28,061,187 equity shares of face value INR 1/- each. <BR> <BR> 10) During the quarter ended 30 September 2024: <BR> a) the Board of Directors of the Holding Company approved the conversion of series G CCPS converted at a ratio of 1:1, resulting in the allotment of 984,790 equity shares of face value INR 1/- each. <BR> b) the Holding Company has raised Rs. 6,340.06 million through the issuance of Series H Compulsory Convertible Preference Shares and right equity shares. <BR> c) the Board of Directors of the Holding Company in its meeting held on September 27, 2024, approved the acquisition of a stake in Redefine Fashion Private Limited (an Associate) for a total consideration of Rs 104.99 million, as per the definitive agreements made between the Company, Redefine Fashion Private Limited, and its Promoters. The Holding Company has acquired 100 equity shares and 170,526 Compulsory Convertible Preference Shares (Non-voting) as part of this transaction. <BR> d) the Holding Company has categorized 3,223,260 equity shares held by BlueStone Trust (formerly known as BlueStone Jewellery and Lifestyle Private Limited Management Stock Transfer trust) as 'treasury shares' in compliance with applicable Indian Accounting Standards, the Trust has transferred all of its holdings to its beneficiaries and no longer possesses any shares in the Holding Company. <BR> e) the Holding Company issued 104,512 equity shares pursuant to the exercise of stock options under the Employee Stock Option Plan, 2014. <BR> <BR> 11) Figures of previous periods / year have been regrouped, wherever necessary. <BR> <BR> 12) The above unaudited consolidated financial results are available on the Holding Company's website viz. www.bluestone.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com). <BR> 2025-04-012025-09-30UnauditedConsolidated1006305000023720000010300250000857549000053150000-2620590000135008000010528300001001670000173031000011142940000-8426900000-8426900000000-842690000000-25780000-868470000800000-867670000-862694000-577600080000001513200001-9.9-9.900-9.9-9.9Power and fuel53970000Contract labour charges96730000Advertisement & marketing costs422520000Others321450000Power and fuel112870000Contract labour charges186860000Advertisement & marketing costs762880000Others66770000010665620000151500000032890000102800000597800000002080080000208008000001684680000145484800001967222000040422000077560000710440000557616000018000034817700001025033000002206800003014323000000446917100001513200001653617000016687490000338900001672138000015772100000007699700000927691000036770000000931368000057445800002515500001462730000171428000067167000001417556000044441500003694000000186566500000027970330000446917100001033920000-3146750000-2150000004361000041000000-42920000-3354800000986900000164360000001001670000092700001330000189740000375100000014877000051081000000-48970000-763160000-8030000095570000-7471200000000-10190000-7573100000000000025100005446000000003330000000000000000001343300000-5140560000-5551650000007970840000000007192480000715687000076528000007095200000065316500002226900000222690000487750000710440000Re-measurement of employee defined benefit plans28200002820000Re-measurement of employee defined benefit plans80000080000000002820000800000