Mini Diamonds (India) added 2.53% to Rs 28.35 after the company has announced that it has received an order to supply lab-grown polished diamonds worth Rs 12 crore from SAHARSH EXPORTS.
The order is scheduled to be completed within four months, with payment due on or before 150 days from completion.
The order has been awarded by a domestic entity based in Mumbai, and the diamonds will be supplied locally.
The company confirmed that neither the promoter nor the promoter group has any interest in the entity awarding the order, and the transaction does not fall under related party transactions.
Upendra N. Shah, chairman & MD, Mini Diamonds (India), said, the order reflects increasing acceptance of lab-grown diamonds in the Indian market and validates the Companys ability to deliver on quality, assortment, and timelines at scale. Management further added that the company will continue to expand domestic client relationships, enhance operational efficiency, and maintain strict quality standards while accelerating growth in the lab-grown polished diamond segment.
Mini Diamonds (India) (MDIL) is engaged in the business of manufacturing and trading diamonds.
The company reported a standalone net profit of Rs 1.82 crore in Q2 FY26, down 1.1% from Rs 1.84 crore in Q2 FY25. However, revenue from operations rose 12.7% year-on-year (YoY) to Rs 100.46 crore in Q2 FY26.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app