Aayush Art and Bullion clears audit with a profit jump to ₹78.9 crore

Aayush Art and Bullion ended FY26 with a ₹78.92 crore net profit, a sharp rise from the ₹18.1 crore recorded a year prior. Revenue grew 193% to ₹216.35 crore, with the second half of the year acting as the primary engine of growth by delivering ₹168.63 crore in revenue and ₹75.25 crore in profit. This acceleration reflects a fundamental shift in the company’s trading volumes. While the business is growing, the balance sheet shows trade receivables ballooning to ₹99.0 crore from ₹27.4 crore in the previous year. This rise in receivables is the next test for the company’s cash conversion cycle. With the auditor issuing an unmodified opinion and the company maintaining zero borrowings, the financial health appears clean on the surface. What remains to be seen is whether this trading intensity is repeatable or a one-off capture of market volatility.