• Quarterly Revenue: 998 crores, up 160% year-on-year from 460 crores.
• Gross Margin: 7.3%, up from 5.3% in Q3 FY24.
• EBITDA: 57.3 crores, up 217% from 18 crores in Q3 FY24.
• EBITDA Margin: 5.7%, improved by 1.8 percentage points from 3.9% in Q3 FY24.
• Net Income (PAT): 36.5 crores, up from 8.9 crores in Q3 FY24.
• Net Margin: 3.7%, up from 1.9% in Q3 FY24.
• 9-Month Gross Margin: 6.8%, up from 5.6% in the previous year.
• 9-Month EBITDA: 133 crores, up 156% from 51.9 crores in the previous year.
• 9-Month EBITDA Margin: 5.4%, up from 4.2% in the previous year.
• 9-Month Net Income (PAT): 94 crores, up from 26.9 crores in the previous year.
• 9-Month Net Margin: 3.8%, up from 2.2% in the previous year.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
• Sky Gold Ltd (BOM:541967) reported a significant year-on-year revenue growth of 160% for Q3 FY25, reaching 998 crores compared to 460 crores in the previous year.
• The company achieved a remarkable increase in EBITDA, growing by 217% year-on-year, with EBITDA margins improving from 3.9% to 5.7%.
• Sky Gold Ltd successfully onboarded major clients such as Aditya Birla and CaratLane, enhancing its market presence and expanding its customer base.
• The company announced plans to rebrand as Sky Gold and Diamond Limited, reflecting its strategic shift to include diamond jewelry alongside gold.
• Sky Gold Ltd’s credit rating was upgraded to A- stable by India Ratings, which is expected to reduce borrowing costs and improve financial stability.
• Despite strong growth, Sky Gold Ltd faces challenges with fluctuating gold prices, which could impact demand and margins.
• The company is still in the process of converting a significant portion of its debt to Gold Metal Loans (GML), with only 20-25% converted so far, which may affect financial flexibility.
• Sky Gold Ltd’s operating cash flow remains negative, with plans to turn positive only by FY27, indicating ongoing liquidity challenges.
• The company anticipates the need for a new facility post-March 2025 to accommodate growth, which could require significant capital investment.
• Sky Gold Ltd’s expansion into lab-grown diamonds faces risks due to potential price corrections in the market, which could impact profitability.…Read more by GuruFocus News
