According to reports from Business Standard, Sparkle Gold Rock delivered exceptional financial performance in the quarter ended June 2026, with standalone net profit rising 212.50% to ₹0.25 crore compared to ₹0.08 crore in the corresponding quarter of the previous year. The company's profitability showed remarkable improvement, demonstrating strong operational efficiency during the quarter.
As reported by Business Standard, Sparkle Gold Rock achieved significant revenue growth with sales rising 590.81% to ₹12.78 crore in Q1 FY2026 compared to ₹1.85 crore in the same quarter of the previous year. This substantial revenue increase indicates strong market demand and effective business expansion strategies during the quarter.
Following the resignation of G.R. Gupta & Company as statutory auditors, Sparkle Gold Rock Limited announced the appointment of Dhadda and Associates as new auditors during its Board meeting held on August 11, 2026. The outgoing firm resigned citing commercial non-viability at the agreed fee, having completed its review for Q1FY27. The appointment of M/s Dhadda and Associates (FRN: 013807S) is subject to shareholder approval under Section 139 of the Companies Act, 2013. M/s G.R. Gupta & Company was originally appointed for a five-year term starting from FY25 at the Annual General Meeting held on September 30, 2024.
According to the financial data reported by Business Standard, the company's operating profit margin (OPM) stood at 2.58% in Q1 FY2026, compared to 3.24% in the corresponding quarter of the previous year. Additionally, PBDT (Profit Before Depreciation and Tax) increased to ₹0.33 crore from ₹0.06 crore year-on-year, while PBT (Profit Before Tax) also rose to ₹0.33 crore from ₹0.06 crore in the same period last year.
