Tribhovandas Bhimji Zaveri Ltd
Tribhovandas Bhimji Zaveri Q2 FY27 Standalone Profit After Tax at Rs. 1,542.99 lacs
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 27 Oct 2026, 04:31 PM IST · BSE ID: 288fb9cf-4b8e-43f9-90e2-4ef2eeab8eaf
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its financial results for July-September 2026, showing a decrease in profit, while a majority stake acquisition by GRT Jewellers received regulatory approval.
🤖 AI Summary
- Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY27 on October 27, 2026.
- Standalone Profit After Tax for Q2 FY27 was Rs. 1,542.99 lacs, compared to Rs. 3,070.03 lacs in Q2 FY26.
- Standalone Revenue from Operations for Q2 FY27 totaled Rs. 70,535.32 lacs, up from Rs. 68,782.79 lacs in Q2 FY26.
- GRT Jewellers received CCI approval on October 13, 2026, for acquiring 74.12% stake in the company.
- An open offer for 25.88% of equity shares at Rs. 249.61 per share was announced on August 31, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Standalone Profit After Tax (Q2 FY27)
1,542.99 lacs
-49.70%
Standalone Revenue from Operations (Q2 FY27)
70,535.32 lacs
2.55%
Standalone Profit After Tax (H1 FY27)
4,828.37 lacs
-6.51%
Standalone Revenue from Operations (H1 FY27)
1,54,632.73 lacs
17.87%
Non-Current Borrowings (as of Sep 30, 2026)
10,115.31 lacs
🏢 How This Affects the Company
The regulatory approval for GRT Jewellers (India) Private Limited to acquire a 74.12% stake confirms a change in controlling interest, potentially impacting future business strategy and market positioning.
Standalone Profit After Tax decreased to Rs. 1,542.99 lacs in Q2 FY27 from Rs. 3,070.03 lacs in Q2 FY26, affecting current period earnings. Non-current liabilities, specifically borrowings, increased to Rs. 10,115.31 lacs as of September 30, 2026, from Rs. 313.09 lacs as of March 31, 2026.
The approval of the majority stake acquisition could lead to operational integration or changes in management focus in the future. Total expenses for Q2 FY27 were Rs. 68,548.53 lacs, reflecting ongoing operational costs.
The pending open offer introduces a period of transition, which may create uncertainty regarding future strategic direction until the acquisition process is fully concluded.
👥 What This Means For Shareholders
✅
Action Required
Shareholders holding equity shares of Tribhovandas Bhimji Zaveri Limited on the open offer record date may consider the open offer from GRT Jewellers (India) Private Limited.
👤
Who Is Affected
Shareholders, particularly those in the public, are affected by the open offer for up to 1,72,70,485 equity shares (25.88% of total equity) at Rs. 249.61 per share.
🔍
Management Signal
The Board's approval of the Q2 FY27 results and the disclosure of the CCI approval for the acquisition indicates progression towards the stated ownership change.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Conclusion of the open offer process by GRT Jewellers (India) Private Limited.
Future strategic announcements following the change in majority ownership.
Company's Q3 FY27 financial results for revenue and profit trends.
MEDIUM RISK
The significant decline in Q2 FY27 standalone profit and increased non-current borrowings are points of concern.
💡 Investor Takeaway
Tribhovandas Bhimji Zaveri reported standalone Profit After Tax of Rs. 1,542.99 lacs for Q2 FY27, a decline from Rs. 3,070.03 lacs in Q2 FY26. Standalone Revenue from Operations for Q2 FY27 was Rs. 70,535.32 lacs. The Competition Commission of India approved GRT Jewellers' acquisition of a 74.12% stake.
⚖️ Strengths & Concerns
✅ Positives
- Standalone Revenue from Operations for Q2 FY27 increased to Rs. 70,535.32 lacs from Rs. 68,782.79 lacs in Q2 FY26.
- Competition Commission of India (CCI) approved the proposed acquisition of majority stake by GRT Jewellers on October 13, 2026.
⚠️ Concerns
- Standalone Profit After Tax for Q2 FY27 decreased significantly to Rs. 1,542.99 lacs from Rs. 3,070.03 lacs in Q2 FY26.
- Non-current financial liabilities (borrowings) increased to Rs. 10,115.31 lacs as of September 30, 2026, from Rs. 313.09 lacs as of March 31, 2026.
📅 Company Track Record
Tribhovandas Bhimji Zaveri's standalone profit after tax for Q1 FY27 was Rs. 3,285.38 lacs, as previously approved by the Board on August 11, 2026. This current Q2 FY27 profit of Rs. 1,542.99 lacs follows that trend.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Tribhovandas Bhimji Zaveri's standalone profit after tax in Q2 FY27?
Tribhovandas Bhimji Zaveri reported a standalone Profit After Tax of Rs. 1,542.99 lacs for the quarter ended September 30, 2026.
What was Tribhovandas Bhimji Zaveri's standalone revenue from operations in Q2 FY27?
The standalone Revenue from Operations for Tribhovandas Bhimji Zaveri in Q2 FY27 was Rs. 70,535.32 lacs.
Has the acquisition of Tribhovandas Bhimji Zaveri by GRT Jewellers (India) Private Limited been approved by CCI?
Yes, GRT Jewellers (India) Private Limited received approval from the Competition Commission of India (CCI) for the proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri on October 13, 2026.
What is the offer price for the open offer by GRT Jewellers for Tribhovandas Bhimji Zaveri shares?
The open offer is for up to 1,72,70,485 equity shares at a price of Rs. 249.61 per equity share.
What was the total standalone revenue from operations for Tribhovandas Bhimji Zaveri for the half year ended September 30, 2026?
The total standalone revenue from operations for the half year ended September 30, 2026, was Rs. 1,54,632.73 lacs.
Questions based on this BSE filing only. For information purposes.