Naksh Precious Metals Limited reported a net loss of ₹37.58 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹45.25 lakh recorded in the previous year. The company's revenue from operations fell to ₹134.24 lakh in FY26 from ₹235.14 lakh in FY25. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹58.73 lakh, compared to a net profit of ₹4.55 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹34.11 lakh, down from ₹50.98 lakh in Q4FY25. Total expenses for the year increased to ₹197.80 lakh from ₹192.98 lakh in the prior year.

Key Financial Metrics

Auditor's Observations

The statutory auditor, D G M S & Co., highlighted a key audit matter regarding the company's cash-in-hand balance of ₹164.98 lakhs. The auditor noted that no supporting documentary evidence, such as physical cash verification reports or bank withdrawal slips, was provided for audit verification, raising concerns about the existence and accuracy of the reported cash balance. The auditor provided an unmodified opinion on the financial results.

Consolidated Performance

On a consolidated basis, the company reported a net loss of ₹37.40 lakh for FY26, compared to a net profit of ₹45.25 lakh in FY25. Total revenue for the year stood at ₹155.74 lakh. The consolidated results include the financial figures of subsidiary NAS Global Industries Private Limited, in which Naksh Precious Metals holds a 51% stake.

Naksh Precious Metals Limited (formerly Vaksons Automobiles Limited) has announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The company, engaged in jewellery trading and manufacturing, demonstrated improved quarterly performance with enhanced profitability.

Financial Performance Overview

The company's financial results show a notable improvement in profitability during the third quarter of FY26. The standalone results indicate positive momentum in the company's core operations.

Consolidated Results

The consolidated financial results, which include the subsidiary NAS Global Industries Private Limited, show similar trends. The consolidated net profit for Q3FY26 stood at ₹7.30 lakhs, while the nine-month consolidated net profit reached ₹16.55 lakhs.

Key Financial Highlights

The company maintains significant cash reserves with cash-in-hand balance of ₹194.61 lakhs as of December 31, 2025, while consolidated cash-in-hand amounts to ₹201.62 lakhs. The company's inventory position stands at ₹7.83 lakhs, reflecting its jewellery trading and manufacturing operations.

Share Capital and Earnings Per Share

The company's paid-up equity share capital remains stable at ₹1,052.05 lakhs with a face value of ₹10 per share. The basic earnings per share for Q3FY26 was ₹0.07, showing improvement from the previous quarter's ₹0.06.

Auditor's Review and Emphasis Matters

DGMS & Co., Chartered Accountants, conducted the limited review of the financial results under Standard on Review Engagement (SRE) 2410. The auditors highlighted several emphasis matters including reliance on management representations for inventory verification of ₹7.83 lakhs and cash balance confirmation of ₹194.61 lakhs due to the nature of the limited review engagement. The auditors also noted outstanding advances to related parties for which the management has represented as recoverable, though ultimate recoverability depends on future events and outcomes.