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Viram Suvarn Ltd (540252)

📊 BSE: 540252 🏢 Gems, Jewellery And Watches 📢 Latest filing: 30 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Viram Suvarn's revenue was ₹4.3 Cr (-17.7% year on year, -18.3% on the previous quarter), and net profit ₹1.4 Cr (+2.1% year on year); the operating margin was -33.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹4.3	-17.7%	-18.3%
Operating profit	₹-1.5	to loss	to loss
Net profit	₹1.4	+2.1%	+3.5%
EPS (₹)	0.13	+8.3%	+8.3%
Operating margin	-33.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Viram Suvarn Re-Appoints MD Mahendra Ramniklal Shah for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 30 Sep 2026, 10:09 PM

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

💡 Track upcoming quarterly financial performance to assess whether operational profitability stabilizes following negative operating margins in Q1 FY27 (operating loss of Rs 1.47 Cr in Jun 2026).

Viram Suvarn Q1 PAT at ₹1.44 Cr; Core Revenue Drops 17.6% YoY to ₹4.35 Cr

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 07 Aug 2026, 05:20 PM

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.

💡 Investors should monitor the source of 'Other Income' to determine if it is a one-off gain and track if core jewelry operations can return to operational profitability in upcoming quarters.

₹1.44 Cr PAT in Q1 FY27; Core Revenue from Operations Declines 17.6% YoY

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 07 Aug 2026, 05:11 PM

Viram Suvarn Ltd reported a marginal 2.1% YoY increase in Net Profit to ₹1.44 Cr for the quarter ended June 30, 2026. However, core Revenue from Operations saw a significant decline of 17.6% YoY, falling to ₹4.35 Cr from ₹5.28 Cr. The bottom line was primarily supported by a sharp spike in 'Other Income', which rose to ₹3.17 Cr from nearly zero in the same quarter last year. Operating performance remains under pressure as core business activity appears to have slowed down compared to previous periods.

Revenue from operations decreased to ₹4.35 Cr in Q1 FY27 from ₹5.28 Cr in Q1 FY26.
Other Income surged to ₹3.17 Cr, accounting for 42.2% of the total revenue of ₹7.52 Cr.
Net Profit remained relatively flat at ₹1.44 Cr compared to ₹1.41 Cr in the previous year's corresponding quarter.
Earnings Per Share (EPS) stood at ₹0.13, down from ₹0.19 YoY due to an increase in equity base.
Paid-up equity share capital increased to ₹22.69 Cr from ₹15.13 Cr in June 2025.

💡 Investors should investigate the source of the ₹3.17 Cr 'Other Income' to understand if it is a recurring gain or a one-time event. Monitor whether the company can reverse the decline in core revenue from operations in the upcoming quarters.

Aug 7 Board Meeting to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 04 Aug 2026, 05:50 PM

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

💡 Monitor the results on August 7 to assess if the company can sustain its high operating profit margins (38.7%) and to check for any updates on the business strategy following the recent increase in promoter stake.

Viram Suvarn Re-appoints MD Mahendra Shah and ID Sanjay Vibhakar for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 20 Jul 2026, 07:42 PM

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.

💡 Investors should monitor the upcoming General Meeting results to confirm shareholder approval for these re-appointments, ensuring management stability.

Viram Suvarn Re-appoints MD Mahendra Ramniklal Shah for a 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 20 Jul 2026, 07:15 PM

Viram Suvarn Ltd has approved the re-appointment of Mr. Mahendra Ramniklal Shah as Managing Director for a five-year term effective from August 10, 2026, to August 9, 2031. Additionally, Mr. Sanjay Chunilal Vibhakar has been re-appointed as an Independent Director for a second five-year term ending June 20, 2031. These leadership extensions ensure continuity for the Rs 116 Cr market cap company, which currently maintains a high operating profit margin of 38.7%. Both appointments are subject to shareholder approval at the upcoming General Meeting.

Re-appointment of Managing Director for a 5-year term starting August 10, 2026
Re-appointment of Independent Director for a 5-year term ending June 20, 2031
MD Mr. Mahendra Ramniklal Shah brings over 30 years of industry experience
ID Mr. Sanjay Chunilal Vibhakar brings over 25 years of business and media experience
Promoter holding has increased from 55.24% in June 2025 to 65.02% in March 2026

💡 Investors should monitor the upcoming General Meeting results to confirm shareholder approval for these re-appointments and watch for any updates on the company's growth strategy under the continued leadership.

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