4, Feb 2025
Sky Gold Surpasses Expectations with Outstanding Q3FY25 Revenue and Profit Growth
Mumbai,4th February 2025 –Sky Gold Limited (SGL), a leading Mumbai-based jewellery company specializing in the design, manufacturing, and marketing of gold jewellery, has announced its unaudited financial results for the quarter ended 31st December 2024.
Q3FY25 Consolidated Financial Performance Snapshots (Y-o-Y)
· Revenue from Operations: Increased by 116.74% year-on-year to Rs. 997.97 crore.
· EBITDA: Rose by 217.60% to Rs. 57.29 crore.
· Profit After Tax (PAT): Grew by 309.10% to Rs. 36.54 crore.
Key Financial Highlights
Particulars (Rs. Crs.) |
Q3 FY25 | Q3 FY24 | Y-o-Y | Q2FY25 | Q-o-Q | 9MFY25 | 9MFY24 | Y-o-Y |
Revenue from Operations |
997.97 | 460.44 | 116.74% | 768.85 | 29.80% | 2,489.84 | 1,232.11 | 102.08% |
EBITDA |
57.29 | 18.04 | 217.60% | 38.78 | 47.73% | 133.34 | 51.93 | 156.78% |
EBITDA Margins |
5.74% | 3.92% | 182 bps | 5.04% | 70 bps | 5.36% | 4.21% | 115 bps |
Profit After Tax |
36.54 | 8.93 | 309.10% | 36.71 | (0.47%) | 94.48 | 26.87 | 251.62% |
PAT Margin |
3.66% | 1.94% | 172 bps | 4.77% | (111 bps) | 3.79% | 2.18% | 161 bps |
Operational Highlights
· Revenue Growth: Consolidated revenues for Q3FY25 reached Rs. 997.97 crores, marking a 116.74% increase year-on-year.
· EBITDA Performance: Achieved Rs. 57.29 crores in EBITDA, reflecting a 217.60% growth compared to the same quarter in the previous year.
· PAT Achievement: PAT stood at Rs. 36.54 crores, a 309.10% increase year-on-year, marking the third consecutive quarter of significant PAT growth.
Commenting on the Results, Mr. Mangesh Chauhan, Managing Director and Chief Financial Officer, said:
“Sky Gold Ltd continues its exceptional growth trajectory in the third quarter of FY25. Our Revenue from Operations surged by 116.74% year-on-year to Rs.997.97 crore. EBITDA increased by 217.60% to Rs. 57.29 crores, and Profit After Tax grew by 309.10% to Rs. 36.54 crores.
This growth is a testament to our strategic initiatives and operational efficiency. During the quarter, we successfully approved a 9:1 bonus share issue, reinforcing our commitment to enhancing shareholder value. The acquisitions of Starmangalsutra and Sparkling Chains have significantly bolstered our market position by expanding product offerings and leveraging operational synergies.
We are also excited to announce our upcoming entry into the lab-grown diamond segment, which aligns with global trends and customer preferences. This initiative will allow us to diversify our portfolio and tap into a burgeoning market, both domestically and internationally.
Our recent fundraising through a Qualified Institutional Placement (QIP) of Rs. 270 crores has further strengthened our financial position, enabling us to invest in cutting-edge technology and scale operations effectively. Additionally, the reduced import duty on gold has provided a strong tailwind, increasing consumer preference for organized markets and driving growth in demand for gold jewellery.
As we progress through FY25, our focus remains on increasing capacity utilization at our Navi Mumbai facility, strengthening our mid-management and regional sales teams, and optimizing financials through gold metal loans. These measures, combined with investments in IT, automation, and ERP systems, position us to achieve our long-term revenue target of INR 6,300 crores by FY27 and expand our production capacity to 1,050 Kgs/month within the next three years.”
Strategic Growth Initiatives
Sky Gold remains committed to:
· Increasing Capacity Utilization: Enhancing production efficiency at its new facility.
· Investing in Technology: Implementing IT solutions and ERP systems to streamline operations.
· Strengthening Human Resources: Building a robust mid-management and regional sales team.
· Financial Optimization: Utilizing gold metal loans to improve profitability and reduce borrowing costs.
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- By Biswaranjan Jena



