Sky Gold Ltd Share Price – NSE /  BSE

Diamond, Gems and Jewellery, Small Cap

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.

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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.

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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.

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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.

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