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Shanti Gold International Reports Strong FY26 Performance
Shanti Gold International Ltd. announced its audited financial results for the fiscal year ending March 31, 2026. The company posted a profit after tax of ₹1,401.54 crore, a significant 160% increase from the ₹541.05 crore recorded in the previous fiscal year.
Total income for FY26 rose by 82% to ₹20,284.97 crore from ₹11,124.67 crore in FY25. This substantial growth indicates strong operational performance and improved profitability.
Why This Matters to Investors
The impressive profit and income growth signals enhanced value for shareholders. Earnings Per Share (EPS) sharply increased to ₹21.22 from ₹10.02 in the prior year, reflecting a stronger financial performance.
Financial Snapshot and Context
In the previous fiscal year (ended March 31, 2025), Shanti Gold International reported a profit after tax of ₹541.05 crore on a total income of ₹11,124.67 crore. The company's paid-up equity share capital also increased to ₹720.96 crore from ₹540.00 crore, potentially supporting future expansion.
What to Monitor Next
Investors should monitor how the company's new inventory valuation accounting policy, changed from FIFO to Weighted Average Cost (WAC) retrospectively from April 1, 2024, impacts future reporting. While the company states it aligns with industry norms, the full implications of this retrospective change require close observation.
Key Risks
A notable concern is the significant rise in tax expense, which increased by 160% year-on-year. Investors should closely watch future financial reports to assess the sustainability of the current growth trajectory amidst these rising tax expenses.