Ashapuri Gold Ornament Limited reported a 54.2% rise in net profit to ₹1,856.40 lakh for the financial year ended March 31, 2026, driven by higher operational efficiency and controlled costs. Revenue from operations for the year increased marginally to ₹31,720.85 lakh compared to ₹31,629.97 lakh in the previous year. The company’s Board approved the annual audited standalone financial results during a meeting held on May 29, 2026. The company submitted newspaper cuttings of the extract of these audited standalone financial results to BSE Limited on May 30, 2026, as published in the Ahmedabad edition of the Financial Express.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹135.31 lakh, a significant increase from ₹80.24 lakh in the same period last year. Revenue from operations for the quarter stood at ₹7,060.67 lakh, down from ₹8,373.00 lakh in the corresponding quarter of the previous year. Total income for the quarter was ₹7,074.13 lakh. The earnings per share (EPS) for the year improved to ₹0.56 from ₹0.38 in FY25.

The Board appointed M/s. Bharat H. Shah & Co., Chartered Accountants, as internal auditors for the financial year 2026-27. The statutory auditors, M/s. Shivam Soni & Co., issued an unmodified opinion on the annual audited standalone financial results. The financial results were prepared in compliance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company’s total assets as of March 31, 2026, stood at ₹17,312.08 lakh, an increase from ₹15,321.14 lakh in the previous year. Cash and cash equivalents surged to ₹739.20 lakh from ₹47.40 lakh a year ago. Other equity, excluding revaluation reserves, rose to ₹13,341.65 lakh from ₹11,333.98 lakh. The company reported no exceptional items during the period.

Financial Results for FY26

Quarterly Performance (Q4FY26)

Ashapuri Gold Ornament Limited has informed the exchanges regarding a change in the legal constitution of its statutory audit firm. The company received a letter dated May 22, 2026, from M/s. Shivam Soni & Co., Chartered Accountants, intimating the conversion of the firm from a sole proprietorship to a partnership.

The conversion was effective from January 30, 2026, following the admission of CA Reshma Divyesh Maru as a new partner. CA Shivam Devkishanji Soni, the former sole proprietor, continues as a partner in the newly constituted firm. The auditor confirmed that there is no change in the name of the firm, the Firm Registration Number (152477W), or the Peer Review Certificate issued by The Institute of Chartered Accountants of India (ICAI).

M/s. Shivam Soni & Co. was appointed as the Statutory Auditor of the company at the 13th Annual General Meeting held on September 27, 2021. The appointment was for a period of five consecutive years, concluding with the 18th Annual General Meeting scheduled for 2026. The firm stated that the conversion is in line with ICAI guidelines and accepted practices.

Auditor Details

The company noted that the disclosure requirements regarding the resignation of statutory auditors, as per SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, do not apply in this instance. The firm clarified that the change is solely due to the alteration in legal constitution and not a resignation.

The intimation letter received from the auditors will be placed before the Audit Committee and the Board of Directors of the company for their consideration and necessary compliance with the Companies Act, 2013, and the Listing Regulations. The company has requested the exchange to take note of the change and update its records accordingly.