Shanti Gold International Limited has submitted to the Exchange, the financial results for the quarter and year ended March 31, 2026.
SHANTIGOLD · price
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Shanti Gold International Limited, a wholesaler and manufacturer of gold ornaments, reported audited financial results for FY2026. Revenue surged to Rs. 18,441.22 million from Rs. 10,413.74 million in FY2025, representing ~77% growth driven largely by listing and expanded operations post-IPO (listed August 2025). PAT turned positive at Rs. 541.08 million versus a loss of Rs. 710.93 million in the prior year. EBITDA for the year stood at approximately Rs. 1,826 million. The auditors (J. Kala & Associates) issued an un-modified opinion but included an Emphasis of Matter paragraph due to a voluntary change in inventory valuation policy from FIFO to Weighted Average Cost (WAC) applied retrospectively from April 1, 2024, with prior period comparatives restated. Inventories nearly tripled to Rs. 3,475 million and trade receivables doubled to Rs. 3,629 million, reflecting significant scale-up in the gold jewellery business.
Strong top-line and bottom-line recovery, with PAT returning to profit after a loss year. The accounting policy change and restatement add scrutiny, but an un-modified audit opinion provides confidence. The sharp rise in receivables and inventory warrants monitoring of working capital quality.