Amanaya Ventures reported a 114.5% surge in FY26 revenue to Rs 84.78 crore, despite a dip in net profit to Rs 21.23 lakh. The profit decline is attributed to non-cash inventory adjustments following precious metal price volatility and higher operational spending. The board has approved raising Rs 3 crore via non-convertible debentures to support working capital needs, while maintaining a zero-debt balance sheet.
Amanaya Ventures Posts Rs 84.78 Crore Revenue
FY26 Net Profit stands at Rs 0.21 crore with revenue growth reaching 114.5% year-on-year.
Reader Takeaway: Revenue scale-up signals strong market demand, though accounting-led profit margin pressure remains a key watch point.
What just happened
Amanaya Ventures Limited reported a significant revenue increase to Rs 84.78 crore for the fiscal year ended 2026, up from Rs 39.54 crore in the previous year. Despite this growth, net profit after tax moderated to Rs 21.23 lakh, compared to Rs 29.18 lakh in FY25. The company also announced plans to raise Rs 3 crore through the issuance of secured, redeemable, non-convertible debentures (NCDs) at a 12% annual coupon rate with a 24-month tenor.
Why this matters
The topline growth indicates successful scaling of the company’s physical bullion trading and its 'Aurel' branded gold/silver segment, which now accounts for 20% of total transaction value. The profit moderation is primarily attributed to a non-cash accounting adjustment for inventory valuation (NRV adjustment) following a correction in precious metal prices after the January 2026 highs. Additionally, the company increased its investment in dealer incentive programs and fulfillment infrastructure.
What changes now
Following board approval, the company will proceed with its NCD issuance to augment working capital for its bullion operations. Furthermore, the company has revised the salary for its Whole-time Director and CFO, Mr. Manan Mahajan, to Rs 60,000 per month, effective September 1, 2026. Shareholders will meet for the Annual General Meeting (AGM) on August 28, 2026.
Risks to watch
Investors should monitor bullion price volatility, which directly impacts inventory valuation and profitability. As a company in a capital-intensive sector, the ability to manage working capital cycles alongside evolving consumer shifts toward digital gold investment platforms will be critical for future margin performance.
Context metrics
- Total Income: Rs 84.78 crore
- Net Profit: Rs 21.23 lakh
- Debt Status: Zero-debt
- Brand Contribution ('Aurel'): ~20% of transaction value