The company has secured the domestic order for the supply of fancy coloured cut and polished lab-grown diamonds
Mini Diamonds (India) or MDIL has secured a domestic order of Rs 14 crore from a Mumbai-based existing client on Thursday for the supply of fancy coloured cut and polished lab-grown diamonds. Shares of the company reacted positively to the development and were up by 4.59 per cent on the Bombay Stock Exchange (BSE) at 1 PM on Friday.
In an exchange filing, the company said that the development deepens its engagement with an existing client, whose order profile has now moved beyond the earlier product segment. At a time when the global business environment remains uncertain and export markets require a measured approach, the domestic market assumes added significance for long-term growth, it said.
“This order is an important start to the new financial year and is particularly encouraging as it comes from an existing customer in a new product category i.e. the fancy, coloured lab-grown diamonds. It reflects the confidence we are building through consistent quality, competitive pricing and our ability to service specialised requirements,” stated Upendra Shah, Chairman and Managing Director, Mini Diamonds (India).
Earlier, the company secured a domestic order of Rs 12 crore from a Mumbai-based client on 23 February 2026 for the supply of lab-grown polished diamonds. The company’s revenue from operations in the third quarter of the financial year 2026 stood at Rs 167.19 crore, marking an increase from Rs 115.71 crore in Q3FY25.
The company’s revenue from operations for the nine months of FY25 stood at Rs 417.23 crore, up from Rs 308.83 crore during the corresponding period of the financial year 2025. The company secured yet another significant domestic order of Rs 10 crores from a Mumbai-based continuing client on 10 February 2026.
