Shanti Gold International Limited has announced robust financial results for the quarter ended December 31, 2025, showcasing exceptional growth across key performance metrics. The company reported revenue from operations of Rs. 636.93 crore in Q3 FY26, representing a remarkable 110.06% year-on-year growth from Rs. 303.22 crore in Q3 FY25.

Financial Performance Highlights

The company's financial performance demonstrated strong momentum across all key metrics during the quarter. EBITDA grew by 113.83% to Rs. 60.18 crore compared to Rs. 28.14 crore in the previous year, while maintaining healthy margins.

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained strong growth trajectory. Revenue from operations reached Rs. 1,359.78 crore compared to Rs. 809.12 crore in 9M FY25, registering 68.06% growth.

Management Commentary

Mr. Pankajkumar Jagawat, Chairman & Managing Director, attributed the strong performance to sustained demand from organized jewellery retailers and favorable market conditions. He highlighted that the quarter was driven by robust festive and wedding demand, with October recording one of the highest monthly sales in the company's history. Volume growth stood at 31% year-on-year and 25% quarter-on-quarter, reflecting strong customer traction.

Strategic Expansion

The company announced an additional capacity expansion of approximately 4,000 kg during the quarter, aligned with its medium-term growth strategy. This expansion aims to strengthen the company's ability to service customers better and manage demand more efficiently while positioning it as the preferred supplier for organized retail partners.

Regulatory Compliance

The financial results were approved by the Board of Directors on February 10, 2026, and submitted to stock exchanges under Regulation 33 of SEBI regulations. The Board meeting commenced at 11:00 a.m. IST and concluded at 11:35 a.m. IST. The results were reviewed by statutory auditors J. Kala & Associates, Chartered Accountants, and have been uploaded on the company's website at www.shantigold.in . The company has also communicated these results to BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

Shanti Gold International Ltd. has provided clarification to stock exchanges regarding its credit rating status following a strategic change in rating agencies. The company communicated this development to BSE Limited and National Stock Exchange of India Limited on February 05, 2026, addressing recent rating developments.

Credit Rating Agency Transition

The company has transitioned from Infomerics Valuation and Rating Pvt. Ltd. to CARE Ratings Limited as its credit rating agency. This strategic move ensures continued professional rating services while maintaining transparency with stakeholders.

Infomerics Rating Status Clarification

The company addressed the recent "Issuer Not Cooperating" (INC) status assigned by Infomerics, explaining this as a procedural outcome rather than a reflection of financial performance. Management emphasized that this development stems from the discontinuation of engagement with Infomerics and does not indicate any deterioration in the company's financial strength or fundamentals.

The INC status has been rendered superseded by the valid rating currently provided by CARE Ratings Limited, ensuring stakeholders have accurate information about the company's creditworthiness.

Regulatory Compliance and Transparency

Shanti Gold International reaffirmed its commitment to transparency, strong governance, and timely disclosures in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The company emphasized that its current credit rating from CARE Ratings Limited accurately reflects its financial position.

Managing Director Pankajkumar Jagawat signed the clarification, reinforcing the company's dedication to maintaining clear communication with stock exchanges and investors regarding material developments.