Sky Gold & Diamond Ltd. Q4FY25 PAT increases to Rs. 38.2 crore, up 180%

Sky Gold & Diamond Ltd. Q4FY25 PAT increases to Rs. 38.2 crore, up 180%

Mumbai, 28^th May, 2025: Sky Gold & Diamonds Limited (SGDL), a leading Mumbai-based jewellery company specializing in the design, manufacturing, and marketing of gold jewellery, has announced its audited financial results for the quarter & year ended 31st March 2025 (Q4FY25). Established in 2008, Sky Gold has pioneered the gold manufacturing sector in India.

Q4FY25 Consolidated Financial Performance Snapshots (Q-o-Q):

• Profit After Tax (PAT): INR 38.2 crores, as against INR 13.6 crores in Q4FY25, a growth of 180%
• Revenue from Operations: INR 1,058 crores, up from INR 513 crores in Q4FY25, marking a growth of 106%
• EBITDA: INR 63.0 crores, compared to INR 25.3 crores in Q4FY25, registering a growth of 149%

FY25 Consolidated Financial Performance Snapshots (Y-o-Y):

• Profit After Tax (PAT): INR 132.66 crores, as against INR 40.52 crores, a growth of 227%
• Revenue from Operations: INR 3,548.02 crores, up from INR 1,745.48 crores, marking a growth of 103%
• EBITDA: INR 196.37 crores, compared to INR 77.25 crores, registering a growth of 154%

Key Financial Highlights (Consolidated):

Operational Highlights:

• Strengthening exports to the Middle East with strategic expansion plans, particularly in Dubai and UAE.
• Secured a recurring export order of 200 kg per month from a leading international jewellery client.
• Acquisition of M/s Ganna N Gold Pvt. Ltd. to diversify into new product category i.e Italian Lightweight Bangles.
• Acquisition of a 10,500 sq. meter land parcel near proposed Jewellery Park at Mahape for building a 540,000 sq. ft. state-of-the-art manufacturing facility, thereby boosting monthly capacity to 4.5 tons on fully completed basis
• Onboarded key senior professionals to drive finance, sales, production, and operational efficiency
• ROCE increased to 30% for FY25 vs 27% in FY24.

Commenting on the Results, Mr. Mangesh Chauhan, Managing Director and Chief Financial Officer, said:

“We are pleased to report a robust financial performance for FY25, delivering our highest-ever PAT and revenues, and operating profit with revenue doubling year-on-year to INR 3,548 crores and PAT growing to INR 133 crores. This surpasses our revenue & profitability guidance provided earlier.

This momentum reflects our continued focus on corporate client acquisition, operational efficiencies and strategic investments. Our exports increased significantly to 8.3% of FY25 revenues. Further, we plan to widen our customer base in the Middle East market once our new subsidiary becomes operational during this financial year. We have also diversified our product portfolio through the acquisition of Ganna N Gold Pvt. Ltd., allowing us to enter the Italian Lightweight Bangles segment.

We are witnessing a shift in customer preferences towards lower caretages, yet sales volumes have remained intact, underscoring the resilience of our demand. In line with our growth vision, we aim to double our sales to Rs 7600 crore over the next two years.

One of our most significant milestones this quarter was the acquisition of a 10,500 sq. meter land parcel for a proposed state-of-the-art, 540,000 sq. ft. manufacturing facility. This facility is expected to consolidate all our jewellery manufacturing operations under one roof and scale our monthly production capacity to approximately 4.5 tons.

These developments are aligned with our ambition of becoming India’s leading B2B gold jewellery manufacturer. With an experienced leadership team now in place, we are confident of sustaining this growth trajectory and achieving our FY27 revenue guidance of INR 7,600 crores.”

Strategic Growth Initiatives:

Sky Gold remains committed to:

• Becoming a leading B2B jewellery manufacturing hub in India
• Expanding presence in key global markets
• Driving innovation in design, lightweight jewellery, and studded segments
• Achieving its revenue guidance of INR 7,600 crores by FY27