Shanti Gold International Limited announced a robust FY26 performance at its 13th AGM, with profits rising 159% to Rs 140.15 crore. Revenue jumped 82.5% to Rs 2,018 crore, supported by the new Marol manufacturing facility's commercial launch. Shareholders also approved increased borrowing powers to fund upcoming expansion, including a new site in Jaipur.
Shanti Gold International Reports 159% Profit Surge
FY26 Profit After Tax reached Rs 140.15 crore, while Revenue hit Rs 2,018 crore.
Reader Takeaway: Robust earnings growth and new facility commissioning provide momentum; borrowing powers approved for future scaling.
What just happened
Shanti Gold International held its 13th Annual General Meeting on September 28, 2026. Management reviewed a year of aggressive scaling, marking its first full financial year following its August 2025 IPO. The company saw a 159% jump in PAT and an 82.5% increase in operational revenue, signaling strong demand in its core gold jewellery manufacturing business.
Why this matters
The successful commissioning of the Marol manufacturing facility in June 2026 is a key driver for the revenue uptick. Furthermore, the passage of special resolutions to increase borrowing powers and secure asset charges indicates the management is readying its balance sheet for the next phase of growth, specifically the upcoming manufacturing unit in Mahindra World City, Jaipur.
The backstory
Following its market debut in August 2025, Shanti Gold has focused on a four-pronged strategy: deepening client relationships, broadening its jewellery portfolio, increasing production capacity, and investing in design technology. The current results suggest these strategic pillars are delivering measurable financial gains.
What changes now
The board now has the requisite shareholder authority to leverage company assets and increase borrowing limits under the Companies Act, 2013. This provides the fiscal flexibility required to accelerate the Jaipur project and manage working capital as operations scale.
What to track next
Investors should look for updates on the construction timeline for the Jaipur facility and the company’s ability to maintain high EBITDA margins of Rs 199 crore as it transitions into more capital-intensive production phases.