Outcome of Board Meeting held on Tuesday, November 04, 2025
SHANTIGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.4 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shanti Gold International, a wholesaler and manufacturer of gold ornaments, reported its first quarterly results as a listed company following its August 2025 IPO. Revenue from operations for Q2 FY26 stood at ~Rs 430 crore, up sharply from ~Rs 266 crore in Q2 FY25. For H1 FY26, revenue was ~Rs 723 crore versus ~Rs 509 crore in H1 FY25, a growth of around 42%. Profit after tax for H1 FY26 was ~Rs 68 crore versus ~Rs 15 crore in H1 FY25, marking a jump of over 300%. Total assets rose to ~Rs 768 crore as of September 30, 2025, from ~Rs 420 crore on March 31, 2025, boosted by IPO proceeds and higher inventory. The board approved these results along with the limited review report from statutory auditors J. Kala & Associates, which issued an unmodified review conclusion.
Strong first post-IPO results with significant revenue growth and a sharp jump in profits, reflecting the benefits of IPO capital and scale-up in operations. Positive read-through for the stock; shareholders should monitor working capital, gold price risk, and how IPO funds are deployed going forward.