Nihar Info Global Launches Gold and Silver Platform, Reports Lower Half-Year Profits
Hyderabad, Nov 14 (TNT) : Hyderabad-based Nihar Info Global Limited, a BSE-listed company, on Saturday said that it has commenced commercial operations of its proprietary precious metals platform GoldnSilver.shop following its soft launch on November 8 on the occasion of Diwali, even as the company reported a decline in turnover and net profit for the half year ended September 30, 2026.
In a release, the Company Chairman B S N Suryanarayana said the platform offers physical gold and silver coins, gifting products and digital gold under the proposition ‘One Platform. Every Way to Own Gold & Silver’.
He said commercial transactions had commenced in physical gold and silver products and digital gold, with the latter integrated through SafeGold. Customer onboarding has been linked with DigiLocker, payments with Cashfree and logistics and delivery with Sequel Logistics.
Initial transactions on Diwali were completed without technical glitches, while the company’s branded silver coins have received onboarding acceptance on Flipkart, expanding its marketplace presence, he said.
He said that company has also signed agreements with Augmont and MMTC-PAMP to expand its digital precious metals offerings. Technical integration of these partnerships and the launch of digital silver transactions are currently in progress.
Integration of gold and silver exchange-traded funds (ETFs) through Zerodha is in the final stages, while gold loan referral services and gold buyback facilities are among the proposed offerings, he said..
The company’s proposed five-segment business model covers physical gold and silver, digital precious metals, ETFs, gold loan referrals and gold buyback services, he informed.
Meanwhile, the company reported standalone turnover of Rs 497.46 lakh for the half year, compared with Rs 637.60 lakh in the corresponding period of the previous fiscal.
Standalone net profit declined to Rs 0.95 lakh from Rs 16.07 lakh.
On a consolidated basis, turnover fell to Rs 687.84 lakh from Rs 922.96 lakh, while net profit declined to Rs 10.18 lakh from Rs 26.70 lakh.
Standalone earnings per share (EPS) dropped to Rs 0.01 from Rs 0.15, while consolidated EPS declined to Rs 0.10 from Rs 0.26.
The financial results were approved by the company’s Board of Directors on November 13, following a review by the statutory auditors.
As part of its digital outreach, Nihar Info Global is also publishing weekly gold and silver market reviews in English, Hindi and Telugu through YouTube, Facebook, LinkedIn, Instagram, X, Reddit, Threads, Telegram and WhatsApp under the brand names ‘goldnsilver.shop’ and ‘goldnsilvershop’.
The reviews cover domestic and international precious metals prices, physical and digital gold and silver products, and ETFs, the company added.
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