Stock under ₹10 jumps 13% after its net profits grow 342% in Q3

Synopsis: Viram Suvarn Ltd shares rose 13% after Q3FY26 net profit soared 342% YoY to Rs. 3.18 cr, revenue up 103% YoY to Rs. 7.52 cr, and EBITDA surged 487% YoY to Rs. 3.58 cr.

This company is in the business of gold & silver traditional jewellery & ornaments are either made with kundan, gem stones, etc or just plain gold or silver is now in the spotlight after it reported Q3 results with 342% growth in net profit.

With a market capitalisation of Rs. 99.51 cr, the shares of Viram Suvarn Ltd are currently trading at Rs. 8.77 per share, increasing 13% in today’s market session, making a high of Rs. 9.40, up from its previous close of Rs. 8.34 per share. 

Quarter-on-Quarter (QoQ) Performance

Viram Suvarn delivered a strong sequential performance in Q3FY26. Sales increased 16.0% QoQ to Rs. 7.52 crore from Rs. 6.48 crore, reflecting steady business momentum. EBITDA rose sharply by 66.5% QoQ to Rs. 3.58 crore from Rs. 2.15 crore, indicating significant operating leverage. Net profit almost doubled, rising 98.8% QoQ to Rs. 3.18 crore from Rs. 1.60 crore, while EPS jumped 100% QoQ to Rs. 0.28 from Rs. 0.14.

Year-on-Year (YoY) Performance

On a year-on-year basis, the company posted exceptional growth across all parameters. Revenue surged 103% YoY to Rs. 7.52 crore from Rs. 3.71 crore, while EBITDA jumped 487% YoY to Rs. 3.58 crore from Rs. 0.61 crore, reflecting sharp margin expansion. Net profit increased 342% YoY to Rs. 3.18 crore from Rs. 0.72 crore, and EPS rose 366.7% YoY to Rs. 0.28 from Rs. 0.06.

About the company 

Veeram Ornaments Limited is an India-based company engaged in the wholesale, retail, and trading of branded jewellery and ornaments. The company follows stringent quality standards, ensuring superior craftsmanship across its product range. Its jewellery and ornaments are thoughtfully designed to cater to customers from diverse cultures and age groups, offering products across multiple price points.

It offers a diverse range of jewelry, including rings, bracelets, necklaces, earrings, pendants, chains, and traditional pieces like mangalsutras, zudas, toe rings, anklets, and bangles, catering to varied tastes and occasions.

The company reports a Return on Capital Employed (ROCE) of 19.0% and a Return on Equity (ROE) of 14.4%, indicating healthy profitability and efficient capital utilisation. The stock is currently valued at a P/E of 14.0, trading at a discount to the industry average P/E of 24.4. Additionally, the company maintains a debt-free balance sheet, strengthening its financial stability.

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