Jewellery stock hits 5% upper circuit after its net profit increases by 309% in Q3Jewellery stock hits 5% upper circuit after its net profit increases by 309% in Q3

Introduction:

Leading jewellery company reported a remarkable 309.07% YoY increase in net profit for Q3 FY25, reaching ₹36.53 crore. Revenue surged 115.5% YoY, while total income grew 118.5%, signaling robust financial growth and operational success.

Share price movement of Sky Gold:

On February 3, 2025, Sky Gold Ltd opened at ₹337.50, up 2.02% from its previous close of ₹330.85. The stock reached a high of ₹347.35 (4.99%) and a low of ₹335.00. By 14:19 PM, it traded at ₹347.35, a 4.99% increase, with a market cap of ₹5,090.07 crore.

Sky Gold Reports 309% YoY Profit Growth:

Sky Gold Limited reported a remarkable 309.07% YoY increase in net profit for Q3 FY25, reaching ₹36.53 crore, compared to ₹8.93 crore in Q3 FY24. This impressive growth highlights the company’s strong financial performance and successful strategies.

Revenue from operations surged 115.5% YoY to ₹997.96 crore, up from ₹460.44 crore in the same quarter last year. Sequentially, revenue rose by 29.8% from ₹768.84 crore in Q2 FY25, driven by increased demand and improved operational efficiency.

Total income for Q3 FY25 was ₹1,005.09 crore, reflecting a 118.5% increase from ₹460.90 crore in Q3 FY24. The company also posted a 27.5% sequential growth from ₹788.6 crore in Q2 FY25, signaling strong and sustained growth.

Recent news on Sky Gold:

As of January 15, 2025, Sky Gold Ltd announced its diversification into new jewellery segments and expansion of its distribution network in Singapore. The company has successfully onboarded Aditya Birla Jewellery, reinforcing its growth ambitions in the global market.

Stock performance of Sky Gold for Period of 1 week, 6 months and 1 year:

Sky Gold Ltd has seen a 3.76% increase in stock price over the past week. Over the past six months, it has experienced a 63.5% rise, and an impressive 185% growth over the past year, indicating strong performance and investor confidence.

Shareholding pattern of Sky Gold:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	58.20%	62.50%	61.30%
FII	0.90%	0.30%	0.10%
DII	6.60%	1.90%	1.90%
Public	34.30%	35.40%	36.70%

About Sky Gold:

Sky Gold Ltd (NSE: SKYGOLD) is a leading jewellery manufacturer specializing in 22 Karat gold jewellery. The company offers a wide range of designs, including studded American diamonds and colored stones, targeting mid-range jewellers and boutique stores.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.