Shanti Gold International share price rises 9% as Q1 profit jumps 174% to ₹25 crore, revenue up 22%

The company's revenue from operations climbed 22% to ₹292.77 crore in the first quarter of the financial year 2025-26, compared to ₹239.83 crore in the year-ago period.

Its net profit soared 174% to ₹24.64 crore in the quarter ended June 2025, as against ₹8.99 crore in the corresponding period of the previous fiscal year.

Shanti Gold International share price

The stock rose 9% to ₹269.42 apiece on the National Stock Exchange (NSE) at 9:21 am. Its market capitalisation stands at ₹1,943.71 crore.

The jewellery manufacturer's earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed 153.93% to ₹38 crore in the reporting quarter from ₹15 crore in the June FY24 quarter. EBITDA margin stood at 13.13% vs 6.31%.

The initial public offering was subscribed 81.17 times during the three-bidding period, with bids for 1,02,81,98,775 shares compared to 1,26,67,200 equity shares on offer, according to the NSE data.

The non-institutional investors category got subscribed 151.48 times, while the quota for Retail individual investors (RIIs) received 30.37 times subscription. The qualified institutional buyers (QIBs) part fetched 117.33 times subscription.

The ₹360-crore IPO, with a price range of ₹189-₹199 per share, consisted of 1.81 crore new shares, with no offer-for-sale (OFS) component.

The objectives of the offer were debt clearance, working capital requirements, capital expenditure needs to establish the proposed Jaipur facility, and corporate general purposes.

Prior to the IPO, the company had mobilised ₹108.03 crore from anchor investors, including Societe Generale, Wealthwave Capital Fund, J4S Venture Fund - I, Rajasthan Global Securities, Meru Investment Fund PCC-Cell 1, Astorne Capital VCC Arven, and Shine Star Build Cap Pvt Ltd, among others.

Shanti Gold International is engaged in making 22 kt CZ casting gold jewellery like rings, bangles, necklaces, and complete jewellery sets.