Shanti Gold International Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Shanti Gold International Ltd filed with BSE on 20 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Shanti Gold International reported Q1 FY27 revenue from operations of Rs 716.38 crore, up 144.69% year-on-year, with EBITDA of Rs 71.45 crore at a 9.97% margin and profit after tax of Rs 50.48 crore. Management attributed the growth to volume expansion, new design rollouts, and outreach to new customers and markets, alongside the commencement of operations at the new Marol manufacturing facility. The company also approved a rights issue of 46,43,471 equity shares aggregating up to Rs 100 crore to fund growth plans including the upcoming Jaipur facility.
Numbers mentioned
Revenue from operations: INR716.38 crores (Q1 FY27)
p. 4
“the company reported revenue from operations of INR716.38 crores compared to the INR292.78 croresin Q1 FY26, registering a growth of 144.69%”
Pankajkumar Jagawat, page 4 of the filed PDF · View the filing
EBITDA: INR71.45 crores (Q1 FY27)
p. 4
“EBITDA for the quarter stood at INR71.45 crores, with an EBITDA margin of 9.97%”
Pankajkumar Jagawat, page 4 of the filed PDF · View the filing
Profit after tax: INR50.48 crores (Q1 FY27)
p. 4
“The profit after tax stood at INR50.48 crores compared to INR34.36 crores in the corresponding quarter of the previous year”
Pankajkumar Jagawat, page 4 of the filed PDF · View the filing
EBITDA growth: 39% Y-o-Y (Q1 FY27)
p. 5
“EBITDA for Q1 FY27 stood at INR71.45 crores, as compared to INR51.41 crores in Q1 FY26, registering a growth of 39% Y-o-Y”
Shriram Iyengar, page 5 of the filed PDF · View the filing
PAT margin: 7.05% (Q1 FY27)
p. 5
“PAT margin for the quarter stood at 7.05 percentage”
Shriram Iyengar, page 5 of the filed PDF · View the filing
Rights issue size: 46,43,471 equity shares aggregating up to INR100 crores
p. 4
“the company has approved a rights issue of 46,43,471 fully paid-up equity shares of face value 10 each, aggregating up to INR100 crores”
Pankajkumar Jagawat, page 4 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue/value and volume growth — 50% to 60% value, 30% to 40% volume · multi-year
stated as an aspiration by Management
p. 21
“as of now, with market, you know, doing good, certainly we should be able to achieve 40% to 50% -- 50% to 60% in terms of value and all and 30% to 40%”
Management, page 21 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said they are sticking to the existing guidance, with potential upward revision later if demand supports it
Answered by Management
Asked by Preeyam: Whether the revenue guidance could be raised given the rights issue and Marol commissioning
p. 8
“we can revise our guidance, but as of now we are sticking to the guidance of 50% to 60% value growth and 30% to 40% volume growth”
Management, page 8 of the filed PDF · View the filing
Management explained a portion of the margin came from an unrealized inventory gain due to an accounting method change and that underlying margin is lower
Answered by Management
Asked by Preeyam: Is the 10% EBITDA margin sustainable for the rest of the year
p. 8
“roughly 2% to 2.5% was the inventory gain. So if you remove that percent, roughly going forward, looking at the current demand and all, we should be in the range of 7.5% to 8% EBITDA”
Management, page 8 of the filed PDF · View the filing
Management said they use gold metal loans for natural hedging and have done so for many years, aside from a period when they exited due to volatility
Answered by Management
Asked by Ajit Sethi: What percentage of gold inventory is backed by gold metal loan versus outright purchase
p. 12
“we have started Gold Metal Loan and all, so we do natural hedging whatever gold we sell, that to be bought immediately”
Management, page 12 of the filed PDF · View the filing
Management attributed negative cash flow to maintaining ready inventory stock rather than manufacturing on an order-to-order basis
Answered by Management
Asked by Hemant Soni: Why cash flow from operations has been negative for several years
p. 18
“The reason for being negative cash flow is like, we utilize all the funds and we keep the stock readily.”
Management, page 18 of the filed PDF · View the filing
Management said the company remains at a nascent stage relative to the overall market and expects the growth trajectory to continue for several years
Answered by Management
Asked by Vaibhav: Whether the company can sustain 30-40% volume growth long-term
p. 20
“we are just on a growing spree boat. We are just growing now. So what is our share as compared to the other players, big players? We are nothing.”
Management, page 20 of the filed PDF · View the filing
Management called that wishful thinking and reaffirmed the 30-40% guidance while leaving room for upside if demand is strong
Answered by Management
Asked by Vaibhav: Whether volume growth could reach 60% as achieved in Q1 for the full year
p. 20
“No, that's wishful thinking. But yes, we are trying our best.”
Management, page 20 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.