Sky Gold’s Q2 profit rises 90.9% to 127.87 crore rupees
Key Facts
Sky Gold and Diamonds reported consolidated net profit of 127.87 crore rupees for the quarter ended September 2026, up 90.9% from 66.99 crore in the year-earlier period, according to NDTV Profit. Profit growth coincided with a 61% rise in revenue from operations to 2,390.65 crore rupees, from 1,484.45 crore a year earlier. The results cover the second quarter of fiscal 2027 and show higher sales and improved operating profitability over the same period. EBITDA also rose to 190 crore rupees from 99.9 crore, according to the source. The EBITDA margin widened to 7.9% from 6.7% year on year.
The comparison of revenue and operating profit indicates that the company’s quarterly growth was not limited to higher business volumes; its EBITDA margin also increased. EBITDA rose 90%, according to NDTV Profit, compared with revenue growth of 61%. Net profit increased 90.9%, from 66.99 crore to 127.87 crore rupees. The figures place profit growth in the context of improving margins alongside expanding revenue, without the company identifying a specific reason for the improvement in the published information.
Separately, the company disclosed unauthorized fund transfers of 10.70 crore rupees at its subsidiary Starmangalsutra during the quarter ended September. It said 3.35 crore rupees of the amount had been recovered by the time the results were announced, while the remaining 7.35 crore was recorded as an exceptional loss. The disclosure puts a specific financial impact among the period’s results, alongside the increase in profit and revenue. The reported figures show that the exceptional loss relates to the amount remaining after recovery. The source provided no further details on the circumstances or timing of the transfers within the quarter.
On expansion, the company said it completed the acquisition of the entire paid-up capital of Purvi Gems & Jewellery on 7 October 2026, after the September quarter ended. The transaction’s completion date therefore falls outside the period covered by the reported quarterly results. The acquisition follows the announcement of revenue and profit growth for the quarter, but does not retrospectively change those period figures. The published information did not specify the deal’s impact on future financial results. It also did not provide the acquisition value or details of the acquired company’s contribution to revenue.
In a funding move, Sky Gold’s board approved raising up to 1,800 crore rupees through a share issue via a qualified institutions placement or any other permitted method, according to NDTV Profit. The amount remains a cap on the proposed funding, not funds already raised. The board also approved holding an extraordinary general meeting on 18 November 2026 to seek shareholders’ approval for the proposal. The date sets out the next step in the funding process following the board’s approval. The available information did not give a timeline for completing the fundraising or specify how the proceeds would be used.