SKY GOLD AND DIAMONDS LIMITED — Updates, 03-02-2025: Press Release

Sky Gold Limited has reported outstanding financial results for Q3FY25, showcasing remarkable growth across key metrics. Revenue from operations surged 116.74% year-on-year to ₹997.97 crore, while EBITDA climbed 217.60% to ₹57.29 crore. Profit After Tax demonstrated an impressive 309.10% increase, reaching ₹36.54 crore. This continuous upward trend in PAT signals strong operational performance.

The company’s strategic initiatives have significantly bolstered its market position, including the recent acquisitions of Starmangalsutra and Sparkling Chains. Additionally, the entry into the lab-grown diamond segment aligns with consumer trends and diversifies product offerings. Recent fundraising via a Qualified Institutional Placement (QIP) of ₹270 crore enhances financial stability and supports technological investments.

Further, the reduction in import duties on gold is expected to favor growth in organized markets. Sky Gold is focused on increasing capacity utilization, investing in IT solutions, and building a robust sales team to drive future expansion. The company aims for a long-term revenue target of ₹6,300 crore by FY27 and plans to boost production capacity to 1,050 kg/month over the next three years, indicating a positive outlook for stakeholders.