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Ashapuri Gold Ornament Ltd reported strong FY25 results with Total Income of ₹317.41 Cr, up 90.23% from ₹166.86 Cr in FY24. EBITDA grew 47.81% to ₹17.23 Cr, while Profit After Tax (PAT) jumped 56.77% to ₹12.04 Cr, with EPS rising to ₹0.38 from ₹0.30. The growth was driven by festive and wedding-season demand coupled with elevated gold prices. Operationally, the company secured around ₹48 Cr in orders at IIJS Signature 2025 and ₹21 Cr at IIJS Tritiya 2025, showcasing strong B2B demand. Management highlighted tailwinds from the Union Budget 2025-26, which cut customs duty on jewellery from 25% to 20% and on platinum findings from 25% to 5%.
Strong revenue and profit growth, combined with significant order wins at major jewellery exhibitions, signal robust business momentum. The customs duty reduction is a positive sector-level tailwind that should boost margins and demand, likely supporting positive sentiment for the stock.