Synopsis:
Ashapuri Gold Ornament Limited, a jewellery stock, reports 20% YoY revenue growth and a 296% QoQ net profit surge in Q1 FY26 results
This Penny Jewellery Stock, engaged in making and selling gold jewellery, focusing on manufacturing, wholesale trading, and showroom sales of gold ornaments, jumped 7 percent after the company reported June quarterly results with a 296 percent QoQ increase in net profit.
With a market capitalization of Rs. 228.99 crores, the share of Ashapuri Gold Ornament Limited has reached an intraday high of Rs. 7.05 per equity share, rising nearly 6.50 percent from its previous day’s close price of Rs. 6.62. Since then, the stock has retreated and is currently trading at Rs. 6.87 per equity share.
Q1 FY26 Result Walkthrough
Coming into the quarterly results of Ashapuri Gold Ornament Limited, the company’s standalone revenue from operations increased by 19.71 percent YOY, from Rs. 44.23 crore in Q1 FY25 to Rs. 52.95 crore in Q1 FY26, and decreased by 36.76 percent QoQ from Rs. 83.73 crore in Q4 FY25.
In Q1 FY26, Ashapuri Gold Ornament Limited’s standalone net profit increased by 21.92 percent YOY, reaching Rs. 3.17 crore compared to Rs. 2.60 crore during the same period last year. As compared to Q4 FY25, the net profit has increased by 296.25 percent, from Rs. 0.80 crore. The basic earnings per share increased by 25 percent and stood at Rs. 0.10 as against Rs. 0.08 recorded in the same quarter in the previous year, 2025.
Financial Highlights: Ashapuri Gold Ornament Limited’s revenue has increased from Rs. 165 crore in FY24 to Rs. 316 crore in FY25, which is a growth of 91.52 percent. The net profit has also grown by 71.43 percent, from Rs. 7 crore in FY24 to Rs. 12 crore in FY25. Ashapuri Gold Ornament Limited’s revenue and net profit have grown at a CAGR of 24.44 percent and 58.74 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 13.8 percent and 10.2 percent, respectively. Ashapuri Gold Ornament Limited has an earnings per share (EPS) of Rs. 0.38, and it’s an almost debt-free company, with net borrowings amounting to Rs. 1 crore.
Ashapuri Gold Ornament Limited was incorporated in 2008 and operates its main showroom on CG Road in Ahmedabad, Gujarat. The company is an Indian company specializing in the manufacturing and wholesale trading of gold jewelry and ornaments, known for various designs and antique elegance.
The company manufactures and wholesales a wide range of gold and antique jewellery, including rings, nose rings, bangles, earrings, anklets, necklaces, pendants, and more. It offers designs in antique, traditional, bridal, contemporary, and combination styles, catering to various customer segments. The company’s brands include Kaavis and Maayin.
Ashapuri Gold Ornament Limited serves jewellery in major cities and urban locations across India, including Ahmedabad, Delhi, Rajasthan, Punjab, Uttar Pradesh, Kolkata, Chennai, and Bangalore.
Written By – Nikhil Naik
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