SHANTIGOLD

What Shanti Gold International promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 2 delivered 2 missed 13 open
  • Operations went quiet said Q4 FY26 Promised: initially few months to start with, it's going to be around 100 kgs per month Q1 FY27: Ghosted. Management confirmed the Marol facility commenced operations in June, but did not provide any data on the initial production rate, failing to confirm if the 100kg/month target was met.
  • Operations delayed said Q2 FY26 Promised: Ready by May-June '26 Q1 FY27: Delayed again. Management now states the facility 'should be operational around November, mid-November or December'. This is another 1-2 month slip from the prior quarter's guidance.
  • Revenue on track said Q2 FY26 Promised: INR2,800 crores to INR3,000 crores (more likely INR3,000 crores) in FY27 Q1 FY27: Reiterated. Management is 'sticking to the guidance of INR3,500 crores'. Q1 revenue of ₹716.38 cr puts the company on track to meet the annual target, especially with new capacity coming online.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 17 tracked commitments for Shanti Gold International — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens