| Revenue growth | Q2 +73.4% YoY; H1 +102.3% YoY. |
|---|---|
| Margins | EBITDA margin 5.7% vs 9.97% Q1, 8.55% Q2FY26. |
| Demand visibility | Turkish, Mangalsutra, Cuban bracelet lines launched. |
Growth
Q2 revenue +73.4% YoY, only +4% QoQ. PAT ₹29.6 Cr, down from ₹50.5 Cr in Q1; EBITDA margin 5.7%.
Outlook
No numeric guidance given. Jaipur adds 1,200 kg pa (7,900 kg total); plain gold LOIs secured; ₹99.83 Cr rights issue done.
Risks
EBITDA margin 5.7% vs 8.55% YoY; finance costs ₹8.5 Cr (₹4.2 Cr YoY); receivables ₹535 Cr, inventory ₹531 Cr, rising.
Last quarter's promises, checked
Delivered
- Value growth 50–60% FY27 → H1 +102.3% YoY (= BEAT)
- New product lines to launch → Turkish, Mangalsutra, Cuban bracelet lines launched (= BEAT)
Partly delivered
- Revenue ₹3,500 Cr FY27 → H1 ₹1,462.3 Cr, full year not yet reported (= PARTIAL)
- Rights issue up to ₹100 Cr → ₹99.83 Cr raised (= PARTIAL)
- Jaipur operational Nov/Dec 2026 → still under construction (= PARTIAL)
Missed
- Volume growth 30–40% YoY → Q2 volume +25.4% YoY (= MISS)
- EBITDA margin 7.5–8% FY27 → Q2 5.7% (= MISS)
Investor Presentation filed with BSE, NSE: SHANTIGOLD. Summary written with AI assistance from the document.
Shanti Gold International Ltd: key numbers
- Share price
- ₹297.15
- Market cap
- ₹2,280 Cr
- Revenue (annual)
- ₹2,019 Cr
- Net profit (annual)
- ₹140.2 Cr
- P/E (TTM)
- 12.2×Sector 33.3×
- Promoter holding
- 70.35%-4.54% QoQ
- FII holding
- 2.22%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Shanti Gold International Ltd
All →Shanti Gold International Results Update
Shanti Gold reported H1 FY27 revenue of Rs. 1,462.3 crore and PAT of Rs. 80.0 crore. Revenue doubled, but Q2 EBITDA margin compressed to 5.7%.
Shanti Gold International Other Announcement
Shanti Gold International filed its IPO monitoring agency report for the quarter ended September 2026, citing no deviation from objects. The report flags that utilisation of proceeds is delayed.
Shanti Gold International Q2 FY27 Results: Net Profit ₹29.6 Cr, Up 13.8% YoY
Shanti Gold International Ltd reported revenue from operations of ₹746 Cr (+73.4% YoY) and net profit of ₹29.6 Cr (+13.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹29.6 Cr · +13.8% YoY
Shanti Gold International Board Meeting Date
Shanti Gold will hold a board meeting on November 3, 2026 to consider unaudited results. The trading window remains closed until 48 hours after results.
Shanti Gold International Other Announcement
Shanti Gold International Ltd submitted its quarterly shareholding pattern for the period ended 30 September 2026. This is a standard regulatory compliance filing.
Shanti Gold International Annual General Meeting
Shanti Gold International Ltd held its 13th Annual General Meeting on September 28, 2026. The meeting transacted ordinary business and special business resolutions.