SKY GOLD AND DIAMONDS LIMITED Earnings Summary — Q1 FY2027
Sky Gold and Diamonds Reports Massive 78% YoY Revenue Growth Despite Subsidiary Fraud Incident
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 10 consecutive quarters.
- Revenue of ₹2,013 Cr is 77.9% higher year-on-year.
- Revenue has compounded at 83.5% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹103 Cr is 136.9% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 146.1% annualised across the period.
- Operating margin stands at 7.8% in Q1 FY2027.
- Operating margin expanded by 148 bps year-on-year.
- Over the last two years operating margin has expanded by 263 bps.
- PBT margin is 6.7%.
- Expense growth of 75.1% remained below revenue growth of 77.9%.
- Operating profit of ₹157 Cr is 119.6% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 79/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Strong Uptrend | 2,013 | 1,912 | 1,768 | 1,484 | 1,131 | 1,058 | 998 | 769 | 723 | 513 |
| Expenses | Strong Uptrend | 1,856 | 1,771 | 1,645 | 1,385 | 1,060 | 995 | 941 | 730 | 686 | 488 |
| Operating Profit | Strong Uptrend | 157 | 141 | 122 | 100 | 71 | 63 | 57 | 39 | 37 | 25 |
| Operating Margin | Improving | 7.8% | 7.4% | 6.9% | 6.7% | 6.3% | 6.0% | 5.7% | 5.0% | 5.2% | 4.9% |
| Other Income | Volatile | 8 | 17 | 7 | 8 | 4 | 5 | 7 | 20 | 1 | 2 |
| Interest | Strong Uptrend | 25 | 27 | 21 | 18 | 13 | 14 | 12 | 10 | 8 | 7 |
| Depreciation | Accelerating | 5 | 4 | 3 | 2 | 4 | 4 | 3 | 2 | 2 | 2 |
| Profit Before Tax | Strong Uptrend | 135 | 126 | 106 | 88 | 59 | 50 | 49 | 46 | 28 | 18 |
| Tax | Strong Uptrend | 30 | 35 | 26 | 21 | 15 | 12 | 13 | 9 | 7 | 5 |
| Net Profit | Strong Uptrend | 103 | 84 | 80 | 67 | 44 | 38 | 37 | 37 | 21 | 14 |
| Net Margin | Improving | 5.1% | 4.4% | 4.5% | 4.5% | 3.9% | 3.6% | 3.7% | 4.8% | 2.9% | 2.6% |
Key Takeaways
- Consolidated revenue grew by 77.9% YoY to ₹2,012.8 Cr, driven by strong domestic and international demand for gold jewellery.
- Net Profit attributable to owners surged 140.7% YoY to ₹103.3 Cr, reflecting significantly improved operating leverage.
- International revenue contribution reached ₹375.9 Cr for the quarter, showcasing successful geographical diversification.
- The company disclosed a ₹10.70 Cr financial loss due to a sophisticated deep-fake and profile cloning fraud at its subsidiary, Starmangalsutra Private Limited.
- Operating margins expanded to 7.95% compared to 7.23% in the same quarter last year, despite rising raw material costs.
- Consolidated finance costs remain high at ₹25.35 Cr, reflecting the capital-intensive nature of scaling inventory and receivables.
Management Guidance
Management is focused on strengthening internal controls following the subsidiary fraud and continues to execute its strategy of pivoting toward large organized retailers and lightweight casting jewellery.
Sentiment Shift
Stable
While earnings growth remains explosive, the discovery of internal control weaknesses via the subsidiary fraud offsets some of the operational momentum.
Outlook
The outlook remains strong based on the B2B shift toward organized retail, though management must address negative free cash flows and working capital debt.
From the Annual Report (Key Quotes)
“The Company is engaged in the single operating segment of gold jewellery manufacturing.”
“Starmangalsutra Private Limited... has suffered a financial loss of upto Rs. 1,070.00 lakhs arising from a fraud incident involving... advanced deep-fake methodologies like profile cloning & coercion.”
“Measures has been taken to strengthen employee awareness, verification procedures and internal controls to mitigate future cyber fraud risks.”
Official Quarterly Documents
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This summary is AI-generated from SKY GOLD AND DIAMONDS LIMITED's latest quarterly filing and earnings call. For informational purposes only — not investment advice.