Sky Gold and Diamonds Ltd

Net profit of Sky Gold rose 309.18% to Rs 36.54 crore in the quarter ended December 2024 as against Rs 8.93 crore during the previous quarter ended December 2023. Sales rose 116.74% to Rs 997.97 crore in the quarter ended December 2024 as against Rs 460.44 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales997.97460.44 117 OPM %5.743.92 - PBDT52.2313.76 280 PBT49.3611.96 313 NP36.548.93 309 Powered by Capital Market - Live

Sky Gold has incorporated a wholly owned subsidiary - Sitaare Gold and Diamonds on 22 January 2025. The new company will be engaged in the business of wholesaling and retailing of gold & silver jewellery and ornaments. Powered by Capital Market - Live

Sky Gold will hold a meeting of the Board of Directors of the Company on 3 February 2025.Powered by Capital Market - Live

Sky Gold has successfully onboarded Aditya Birla Jewellery, operating under the brand name Indriya. Commenting on the milestone and recent developments, Mangesh Chauhan, MD & CFO of Sky Gold said that, 2025 is shaping up to be a transformative year for Sky Gold Ltd., marked by our collaboration with Aditya Birla Jewellery under the prestigious Indriya brand. This partnership reaffirms our reputation for unmatched craftsmanship and innovation. With India's top jewellery retail chains set to open over 500 stores in the next three to five years, we are well-aligned with this growth trajectory, supporting our ambition of becoming a leading jewellery manufacturer. Our success lies in our deep understanding of both retail partners and end customers, enabling us to design products that resonate with evolving tastes and preferences. As we diversify into new segments like 18K gold and lab-grown diamonds, our focus remains steadfast on delivering exceptional quality and sustaining strong growth. Further, the company has diversified into new jewellery segments including 18K gold, natural diamond jewellery and lab-grown diamond jewellery. The company is actively expanding its distribution network in the Singapore market to further boost its export revenue. Powered by Capital Market - Live

Launched by the Aditya Birla Group in July 2024, Indriya stands as a luxury jewellery brand that blends traditional Indian craftsmanship with contemporary design. It aims to become one of the top jewellery retailers in India within the next five years. Sky Gold further informed that it has received multiple orders across the various categories of 18K gold, natural diamond jewellery and lab-grown diamond jewellery. This diversification complements its stronghold in the 22K lightweight jewellery segment, demonstrating the company's ability to adapt to evolving market trends and cater to a diverse clientele. In parallel, the company is actively expanding its distribution network in the Singapore market to further boost its export revenue. Mangesh Chauhan, MD & CFO of Sky Gold, said: '2025 is shaping up to be a transformative year for Sky Gold Ltd., marked by our collaboration with Aditya Birla Jewellery under the prestigious Indriya brand. This partnership reaffirms our reputation for unmatched craftsmanship and innovation. With India's top jewellery retail chains set to open over 500 stores in the next three to five years, we are well-aligned with this growth trajectory, supporting our ambition of becoming a leading jewellery manufacturer. Sky Gold is one of the leading jewellery companies based in Mumbai. The company has been engaged in the business of designing, manufacturing and marketing of gold jewellery. The company is specialised in light weight jewellery of 22 Carat gold. The company manufactures jewellery through casting. The company make plan gold jewellery, studded gold jewellery and turkish jewellery. Powered by Capital Market - Live

The Board of Sky Gold at its meeting held on 17 December 2024 has allotted 13,18,86,054 equity shares of Rs 10 each as fully paid up bonus shares in ratio of 9:1. Consequently, the paid up equity share capital has increased to Rs. 1,46,54,00,600 divided into 14,65,40,060 Equity Shares of Rs. 10/- each. Powered by Capital Market - Live

The company said that the new bonus equity shares so issued and allotted shall, for all purposes, be treated as an increase in the paid-up capital held by each such member. Sky Gold has engaged in the business of designing, manufacturing, and marketing gold jewelry since 2008. The company offers a wide variety of designs to suit the preferences of the end customer. They provide an extensive range of designs and also use studded American diamonds and/or colored stones in many of their jewellery products. The company's consolidated net profit surged 405.65% to Rs 36.71 crore on a 94.17% jump in revenue from operations to Rs 768.84 crore in Q2 FY24. The scrip was locked in lower circuit of 5% at Rs 3,734.95 on the BSE. Powered by Capital Market - Live

Profit before tax (PBT) soared 374.13% to Rs 46.18 crore in Q2 FY25 as compared with Rs 9.74 crore recorded in Q2 FY24. Total expenses jumped 91.78% YoY to Rs 742.41 crore during the quarter. Cost of material consumed stood at Rs 723.62 crore (up 93.22% YoY), employee benefit expenses was at Rs 6.15 crore (up 117.31% YoY), finance cost stood at Rs 10.13 crore (up 102.6% YoY) during the period under review. Sky Gold engaged in the business of designing, manufacturing and marketing of Gold Jewelries since 2008. The company offers a wide variety of designs to suit the preferences of the end customer. They provide an extensive range of designs and also use studded American diamonds and/or colored stones in many of their jewellery products. Powered by Capital Market - Live

Net profit of Sky Gold rose 404.95% to Rs 36.71 crore in the quarter ended September 2024 as against Rs 7.27 crore during the previous quarter ended September 2023. Sales rose 94.17% to Rs 768.85 crore in the quarter ended September 2024 as against Rs 395.97 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales768.85395.97 94 OPM %5.043.85 - PBDT48.4011.14 334 PBT46.199.75 374 NP36.717.27 405 Powered by Capital Market - Live

Sky Gold will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live