Aurus Gem turns profitable after shedding ₹15 cr in losses
Formerly Lypsa Gems, the company posted a net profit of ₹1.73 crore for FY26. It now operates with zero debt.
— 1 earlier story on Lypsa Gems & Jewellery Ltd. →What's new
- Aurus Gem Corporation reported a net profit of ₹1.73 crore for FY26.
- Revenue for the year fell to ₹14.72 crore from ₹16.69 crore in FY25.
- The company is now debt-free with no outstanding financial defaults.
Why this matters
For a company with a market capitalization of just ₹16 crore, moving from a double-digit loss to profitability is a material shift. Eliminating debt provides a cleaner balance sheet, though the revenue contraction suggests the turnaround is driven by cost control rather than top-line expansion.
What we're watching
- Whether the company can grow revenue from the current ₹14.72 crore base.
- Sustainability of profit margins in future quarters.
- Any further corporate restructuring following the name change.
The full read
Aurus Gem Corporation, formerly Lypsa Gems & Jewellery, has returned to profitability. The company posted a net profit of ₹1.73 crore for the fiscal year ended March 31, 2026, a reversal from the ₹15.17 crore loss it reported in FY25. This turnaround is notable given the company's small scale, with a market capitalization of roughly ₹16 crore. While the bottom line improved, top-line performance remained soft, with annual revenue slipping to ₹14.72 crore from ₹16.69 crore the year prior. The company also confirmed it is now debt-free. For the fourth quarter, the firm recorded a net profit of ₹34.66 lakh on revenue of ₹1.76 crore. The shift to a debt-free status and a positive bottom line marks a change in the company's financial standing. The decline in revenue indicates that the path to growth remains the primary test.
Questions answered
- What is the new name of Lypsa Gems & Jewellery?
- The company is now known as Aurus Gem Corporation.
- How does the FY26 profit compare to the previous year?
- The company reported a profit of ₹1.73 crore for FY26, a change from the ₹15.17 crore loss recorded in FY25.
- What is the company's current debt position?
- Aurus Gem is currently debt-free, with no outstanding financial indebtedness or defaults.
- What were the revenue figures for the year?
- Annual revenue from operations was ₹14.72 crore, down from ₹16.69 crore in the previous fiscal year.
Story so far
All notes on LYPSAGEMS →- 27 May 2026 · 6:39 PM IST Aurus Gem turns profitable after shedding ₹15 cr in losses
- today Aurus Gem turns a profit as it sheds its debt