Sky Gold Q1FY27: Revenue Surges 78% to ₹2,012.8 Crore, PAT Jumps 141% to ₹104.9 Crore
Sky Gold and Diamonds Limited reported Q1 FY27 revenue of ₹2,012.8 Crore, up 77.9% YoY. PAT surged 140.7% to ₹104.9 Crore. The company appointed Akash Talesara as CEO and highlighted plans for international expansion, including an initial order book of ₹30-45 Cr from the UK and Europe. New auditors, M S K A & Associates LLP, were appointed.
The significant increase in revenue and profit, coupled with strategic appointments and expansion plans, is expected to have a material positive impact on the company's financial standing and market position.
The company reported strong year-on-year growth in revenue, gross profit, EBITDA, and PAT, indicating a positive financial performance. The appointment of a new CEO and focus on international expansion and strategic growth pillars further contribute to a positive outlook.
Sky Gold and Diamonds Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). The company reported a significant year-on-year increase in revenue from operations, which grew by 77.9% to ₹2,012.8 Crore, compared to ₹1,131.2 Crore in Q1 FY26.
Gross Profit saw a substantial rise of 105.3% to ₹187.5 Crore. EBITDA increased by 119.6% to ₹156.7 Crore, and Profit After Tax (PAT) surged by 140.7% to ₹104.9 Crore. The PAT margin improved to 5.2% from 3.9% in the same period last year.
The company also highlighted the appointment of Mr. Akash Talesara as the new CEO, a seasoned professional with over two decades of experience in the gems and jewellery industry. This move is part of the company's strategy to strengthen its presence in international markets, particularly in London, with initial order interest of INR 30-45 Cr from the UK and Europe.
Sky Gold is focusing on expanding its natural and lab-grown diamond segments, aiming to double the contribution of natural diamonds and capitalize on the growth potential of lab-grown diamonds. The 'Advance Gold' business is also a strategic growth pillar, leveraging its asset-light model. Furthermore, M S K A & Associates LLP (BDO International) has been appointed as the new statutory auditors to enhance financial reporting and corporate governance.
Management reiterated their commitment to 'Sky Gold 3.0', emphasizing governance and professionalization. Promoters will draw compensation solely through dividends from FY27 onwards, aligning their interests with cash generation and balance sheet strength. The company also detailed its 'Vision 2030' which includes substantial revenue and PAT growth targets, with a focus on exports, value-added products, and capital efficiency.
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