Viram Suvarn Ltd (540252)

Viram Suvarn reported a 55.2% YoY increase in revenue from operations to ₹10.06 Cr (₹1,005.62 Lakhs) for Q2 ended September 30, 2026, compared to ₹6.48 Cr in Q2 FY26. Net profit declined 9.3% YoY to ₹1.45 Cr (₹145 Lakhs) versus ₹1.60 Cr in the year-ago quarter, impacted by higher cost of inventory adjustments. For H1 FY27, revenue reached ₹14.40 Cr while net profit stood at ₹2.89 Cr. Operating cash flow for H1 FY27 was negative at -₹18.90 Cr due to working capital build-up in inventories and receivables.

• Q2 revenue from operations grew 55.2% YoY to ₹1,005.62 Lakhs from ₹647.98 Lakhs
• Q2 net profit fell 9.3% YoY to ₹145.00 Lakhs compared to ₹159.80 Lakhs in Q2 FY26
• Other income stood at ₹132.70 Lakhs in Q2, contributing materially to pre-tax profit of ₹170.50 Lakhs
• H1 FY27 operating cash flow stood negative at -₹1,890.35 Lakhs primarily due to an increase in inventories of ₹741.60 Lakhs and current assets of ₹863.44 Lakhs

Shareholders of Viram Suvarn Limited approved the re-appointment of Mr. Mahendra Ramniklal Shah as Managing Director at the 15th AGM on September 28, 2026. The new five-year term is effective from August 10, 2026, through August 9, 2031. Mr. Shah brings over 30 years of experience in the gems and jewellery industry, overseeing procurement and supply chain. For context, Viram Suvarn currently has a market capitalization of Rs 116 Cr and generated TTM revenue of Rs 24 Cr.

• Re-appointment of Managing Director approved for a 5-year term
• Term effective from August 10, 2026, to August 9, 2031
• Approval granted by shareholders at the 15th AGM held on September 28, 2026
• Appointee possesses over 30 years of experience in the jewellery industry

Viram Suvarn reported a flat Net Profit of ₹1.44 Cr for Q1 FY27, compared to ₹1.41 Cr in the year-ago period. Revenue from operations saw a significant decline of 17.6% YoY, falling to ₹4.35 Cr from ₹5.28 Cr. Notably, the bottom line was heavily supported by 'Other Income' of ₹3.17 Cr, as total expenses of ₹5.82 Cr exceeded core operational revenue. EPS decreased to ₹0.13 from ₹0.19 YoY, reflecting an expanded equity base.

• Revenue from operations declined 17.6% YoY to ₹4.35 Cr from ₹5.28 Cr.
• Net Profit of ₹1.44 Cr was primarily driven by ₹3.17 Cr in Other Income.
• Total expenses surged to ₹5.82 Cr compared to ₹3.47 Cr in Q1 FY26.
• Inventory increased significantly with a negative change of ₹10.69 Cr recorded in the quarter.
• Paid-up equity share capital stands at ₹22.69 Cr as of June 30, 2026.

Viram Suvarn Ltd has scheduled a board meeting on August 7, 2026, to approve its unaudited standalone financial results for the quarter ended June 30, 2026. The company enters this reporting period with a TTM revenue of Rs 25 Cr and a strong net profit of Rs 8 Cr. Investors will be looking for consistency in quarterly revenue, which fluctuated between Rs 5.28 Cr and Rs 7.52 Cr over the previous four quarters. The company maintains a debt-free balance sheet with a net worth of Rs 64 Cr and a high operating margin of 38.7%.

• Board meeting scheduled for August 7, 2026, to approve Q1 FY27 results
• Results pertain to the standalone financial performance for the quarter ended June 30, 2026
• Trading window remains closed until 48 hours after the results are declared
• Company reported a significant increase in promoter holding to 65.02% as of March 2026
• TTM PAT stands at Rs 8 Cr against a market capitalization of Rs 125 Cr

Viram Suvarn Ltd has approved the re-appointment of Mr. Mahendra Ramniklal Shah as Managing Director for a five-year term effective August 10, 2026. Additionally, Mr. Sanjay Chunilal Vibhakar has been re-appointed as an Independent Director for a second five-year term ending June 20, 2031. These appointments ensure leadership continuity for the Rs 116 Cr market cap company, which currently operates with zero debt and high operating margins of 38.7%. Both re-appointments are subject to shareholder approval at the upcoming General Meeting.

• Re-appointment of MD Mahendra Ramniklal Shah for a 5-year term from August 10, 2026, to August 9, 2031.
• Re-appointment of Independent Director Sanjay Chunilal Vibhakar for a 5-year term ending June 20, 2031.
• MD Mahendra Shah brings over 30 years of experience in jewellery procurement and supply chain management.
• Independent Director Sanjay Vibhakar possesses over 25 years of experience in wholesale gold and media sectors.
• The board meeting concluded within 2.5 hours on July 20, 2026, to finalize these leadership extensions.