Shankesh reports Rs 43.23 cr standalone net profit in Q1FY27
Other income was immaterial, while management linked organised retailers' advantage to mandatory BIS hallmarking in a 30%-organised gold market.
Filed 10 Sep 2026, 18:26 IST · after market close · SHANKESH (SHANKESH)
Key takeaways
- Q1FY27 net profit was generated almost entirely by operations, with other income at only Rs 0.03 cr against Rs 57.96 cr profit before tax.
- Interest of Rs 2.94 cr and depreciation of Rs 0.28 cr reduced operating profit of Rs 61.15 cr before tax.
- Management said mandatory BIS hallmarking gives organised retailers an edge in a gold market where only 30% is organised.
Operations generated the quarter's profit
Shankesh reported standalone revenue of Rs 423.58 cr and operating profit of Rs 61.15 cr in Q1FY27, translating to a 14.44% operating margin. After interest of Rs 2.94 cr and depreciation of Rs 0.28 cr, profit before tax was Rs 57.96 cr and net profit was Rs 43.23 cr.
Minimal contribution from other income
Other income was only Rs 0.03 cr, so reported profit was not materially supported by non-operating income. Tax of Rs 14.73 cr represented a 25.41% tax rate, leaving operating performance as the main driver of net profit.
Hallmarking supports organised retail positioning
Management said mandatory BIS hallmarking improves quality assurance and gives organised retailers a competitive edge. The company’s presentation said only 30% of gold is currently organised, framing the compliance change as a structural advantage for organised players.
Results were filed after market close
The standalone results were filed after market close on 10 September 2026. A post-results share-price reaction is therefore not yet available to assess against the stock's past earnings-day moves.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹424 cr |
| Other income | ₹0 cr |
| Expenses | ₹362 cr |
| Operating profit | ₹61 cr |
| Operating margin (%) | 14.44% |
| Interest | ₹3 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹58 cr |
| Tax | ₹15 cr |
| Net profit | ₹43 cr |
| EPS (₹) | ₹3.68 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Competition
- Mandatory BIS hallmarking enhances quality assurance and gives organised retailers a competitive edge, while only 30% of gold is currently organised.
What to watch
- Whether operating margin holds around 14.44% in the next quarter.
- The next quarter's interest charge against Rs 2.94 cr in Q1FY27.
- Whether other income remains immaterial relative to Rs 57.96 cr profit before tax.