Guru Krupa Gems Revenue Plummets 76 Percent

Revenue for FY 2025-26 fell to Rs 26.98 crore, while Profit After Tax settled at Rs 0.57 crore.

Reader Takeaway: Revenue contraction hit top-line growth, while cancelled fundraising plans raise questions about near-term capital expansion capabilities.

What just happened

Guru Krupa Gems and Jewellery Limited, formerly known as Bhakti Gems and Jewellery, released its annual performance update for FY 2025-26. The firm saw a major contraction in operations, with total revenue dropping from Rs 113.08 crore in the previous year to Rs 27.09 crore. Despite the steep revenue decline, the company maintained a slim profit of Rs 0.57 crore, bolstered by a 77.4% reduction in the cost of goods purchased.

Corporate Developments

The Board of Directors officially scrapped plans for a preferential issue of 3.2 million equity shares on June 16, 2026. The decision stemmed from delays in obtaining In-Principle approval from the BSE. Additionally, the company officially rebranded from Bhakti Gems to Guru Krupa Gems and Jewellery Limited following regulatory approval received in March 2026.

Governance and Compliance

The company addressed a key compliance gap regarding Regulation 6(1A) of SEBI LODR rules, which mandates the appointment of a Company Secretary. After a noted deficiency in the secretarial audit, the firm appointed Mrs. Barkha Chaturvedi as the Company Secretary and Compliance Officer effective September 1, 2026. The Board has also proposed M/s. Shah Karia & Associates as Statutory Auditors for a five-year tenure.

Risks to watch

The company remains heavily concentrated in the Ahmedabad retail and wholesale market. Management is shifting its product mix toward lighter-weight and studded jewellery to manage the impact of elevated gold prices. Investors should monitor how the firm plans to stabilize its revenue base following the massive FY 2025-26 volume contraction and the absence of fresh capital from the cancelled preferential issue.