Editor’s Note
This article highlights the surge in gold-related investments, exemplified by Golkunda Diamonds & Jewellery’s remarkable 203% quarterly profit increase and subsequent stock rally. It reflects a broader trend of investors seeking refuge and returns in precious metals amid market volatility.
The glitter of gold is delivering robust profits to investors. Investors are heavily investing in gold alongside the stock market. The profits of companies associated with the gold business are also rising. One such company, Golkunda Diamonds & Jewellery Limited, reported a 203 percent increase in profit in its latest quarterly results, leading to a 20 percent upper circuit in its shares on Monday.
Golkunda Diamonds recorded revenue of ₹80.94 crore in the September 2025 quarter, which is 42.42 percent higher compared to the same period last year when revenue was ₹56.83 crore. Additionally, revenue increased by 16.56 percent compared to the previous quarter (June 2025) of ₹69.44 crore.
The company’s net profit for this quarter stood at ₹3.18 crore, which is 203 percent higher than the ₹1.05 crore in the same quarter last year. Compared to the previous quarter’s profit of ₹3.14 crore, profit increased by 1.27 percent. Earnings per share (EPS) also rose to ₹4.57, which is 202.65 percent higher than last year’s ₹1.51.
Following the company’s stellar results, its shares hit a 20 percent upper circuit on Monday, reaching ₹218.50 per share. This is significantly higher than the previous closing price of ₹182.10. After the rally, the company’s market capitalization reached ₹152 crore. Over the past 5 years, it has delivered a multibagger return of over 1053 percent to investors.
Golkunda Diamonds & Jewellery Limited was established in 1990. It is a Mumbai-based company. Golkunda manufactures and exports diamond-studded gold jewelry worldwide. The company was listed on the Indian stock market in 1992. It produces high-quality jewelry such as necklaces, rings, bracelets, earrings, bangles, and pendants.
The company has modern factories in Mumbai’s SEEPZ (Special Economic Zone) and Chakala, where over 500 pieces of jewelry are made daily. Golkunda participates in international exhibitions such as JCK Las Vegas, the Hong Kong Jewelry Show, and the Bahrain Jewelry Fair.
