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

What's new with Aayush Art And Bullion Ltd.

• Revenue tripled to ₹216.4 cr for the full year.
• The second half saw a surge in trading, bringing in ₹168.6 cr in revenue.
• Statutory auditor issued an unmodified opinion on the annual results.

Why this matters for Aayush Art And Bullion Ltd.

The formal audit removes uncertainty that often lingers after initial unaudited announcements for micro-caps. Achieving this growth with zero debt is a rarity in the trading space, suggesting the company's ramp in activity is self-funded.

What we're watching

• Whether the trading momentum sustains into FY27.
• Conversion of the ballooning ₹99 cr trade receivables into cash.
• Disclosure of working capital cycles in the next quarterly filings.

The full read

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.