Sky Gold Limited, a leading player in the industry, has unveiled its financial results for the third quarter and nine months ending December 31, 2023, showcasing substantial growth and impressive figures across key metrics.
In the third quarter, Sky Gold Limited reported a remarkable surge in sales, recording INR 4,604.41 million, a substantial increase from INR 2,674.34 million in the same period the previous year. The company’s revenue also experienced a notable uptick, reaching INR 4,609 million compared to INR 2,675.69 million a year ago.
The net income for the third quarter stood at INR 89.32 million, demonstrating a significant rise from INR 63.45 million reported in the corresponding period last year. Basic earnings per share from continuing operations saw a commendable increase, registering at INR 8.15 compared to INR 5.91 in the third quarter of the previous fiscal year. Diluted earnings per share from continuing operations also reflected growth, standing at INR 8.1 compared to INR 5.87 a year ago.
Over the nine-month period ending December 31, 2023, Sky Gold Limited sustained its upward trajectory, reporting sales of INR 12,321.08 million. This marked a substantial increase from INR 8,838.82 million in the corresponding period the previous year. The company’s revenue for the nine months amounted to INR 12,342.76 million, compared to INR 8,846.17 million a year ago.
Net income for the nine months soared to INR 268.7 million, showcasing a robust growth compared to INR 125.28 million reported in the same period the previous fiscal year. Basic earnings per share from continuing operations witnessed a notable surge, reaching INR 24.53 compared to INR 11.66 in the nine months of the preceding fiscal year. Diluted earnings per share from continuing operations also demonstrated growth, standing at INR 24.38 compared to INR 11.59 a year ago.
In summary, Sky Gold Limited’s Q3 and nine-month financial results highlight a robust and sustained growth trajectory, underscoring the company’s resilience and strategic financial management in the dynamic market environment.
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
