Mini Diamonds (India)💎 Hits Upper Circuit on Strategic MoU and Strong Q4 Results🚀

Mini Diamonds (India) locked in its upper circuit at ₹216.20 after announcing a significant development in its business operations. The company has entered into a Memorandum of Understanding (MoU) with Unique Lab Grown, a globally recognized producer of lab-grown rough diamonds.📈 As part of the agreement, Mini Diamonds will receive priority supply from 100 machines with a combined capacity to produce approximately 10,000 to 15,000 carats of lab-grown rough diamonds every month. This move ensures a consistent and high-quality raw material supply, enabling the company to enhance production at its advanced manufacturing facility. It marks a strategic step in scaling operations and strengthening its presence in both domestic and international markets. Alongside this development, the company also posted robust financial results for Q4 FY24. Mini Diamonds reported a 57.45% year-on-year increase in net profit, reaching ₹1.32 crore, while revenue rose by 11.46% to ₹14.45 crore. These numbers reflect healthy business momentum and effective cost management as the company continues to expand its footprint in the jewellery manufacturing space.