Sky Gold Ltd Reports Record Q1 FY25 Financial Performance with 98.9% PAT Growth

Sky Gold Ltd, a prominent Mumbai-based jewellery company, announced robust Q1 FY25 results. Revenue surged by 92.4% year-on-year, EBITDA saw a 100% increase, and PAT grew by 98.9% to Rs. 21.2 crores. The company is optimistic about future growth owing to recent expansions and acquisitions.

Sky Gold Limited, a leading jewellery company based in Mumbai, has reported an impressive financial performance for the first quarter of FY25, ending June 30, 2024.

The company's revenue from operations soared by 92.4% year-on-year to Rs. 723 crores, while EBITDA doubled to Rs. 37.3 crores. Profit After Tax saw a surge of 98.9%, reaching Rs. 21.2 crores, marking two consecutive quarters of doubling PAT growth year-on-year.

Managing Director and CFO, Mangesh Chauhan, attributed this exceptional growth to the expansion of their facility in Navi Mumbai, which has significantly increased production capacity. Sky Gold is also focusing on operational efficiency, market presence, and reducing costs through strategic investments and acquisitions. The company aims to achieve INR 6300 crores in revenue by FY27.

(With inputs from agencies.)