{"id":22188,"date":"2023-11-21T07:19:24","date_gmt":"2023-11-21T07:19:24","guid":{"rendered":"https:\/\/newstrackbhopal.com\/index.php\/2023\/11\/21\/sky-gold-shines-bright-q2-fy24-witnesses-713-per-cent-surge-in-pat\/"},"modified":"2023-11-21T07:19:24","modified_gmt":"2023-11-21T07:19:24","slug":"sky-gold-shines-bright-q2-fy24-witnesses-713-per-cent-surge-in-pat","status":"publish","type":"post","link":"https:\/\/newstrackbhopal.com\/index.php\/2023\/11\/21\/sky-gold-shines-bright-q2-fy24-witnesses-713-per-cent-surge-in-pat\/","title":{"rendered":"Sky Gold Shines Bright Q2 FY24 Witnesses 713 per cent Surge in PAT"},"content":{"rendered":"
\n

New Delhi (India), November 21<\/strong>: Sky Gold\u00a0Limited (BSE Code: 541967, NSE:\u00a0SKYGOLD),\u00a0one of the leading jewellery companies based in Mumbai\u00a0reported\u00a0unaudited\u00a0Financial Results for the\u00a0Q2\u00a0FY24.<\/p>\n

Key\u00a0Consolidated\u00a0Financial Highlights:<\/p>\n

Q2\u00a0FY24:<\/p>\n

\u2022\u00a0Total Revenue Stands at \u20b9 396.86 Crore in Q2 FY24 Vs \u20b9 304.11\u00a0Crore\u00a0in Q2 FY23, Growth of 30.50%<\/p>\n

\u2022\u00a0EBITDA Stands at \u20b9 16.14 Crore in Q2 FY24 Vs \u20b9 4.77 Crore\u00a0in Q2 FY23, Growth of 238.42%<\/p>\n

\u2022\u00a0EBITDA Margin Stands at 4.07% in Q2 FY24 Vs 1.57% in Q2 FY23, Growth of 250 Bps<\/p>\n

\u2022\u00a0PAT Stands at \u20b9 7.27 Crore in Q2 FY24 Vs \u20b9 0.89 Crore in Q2 FY23, Growth of 712.91%<\/p>\n

\u2022\u00a0PAT Margin Stands at 1.83% in Q2 FY24 Vs 0.29% in Q2 FY23, Growth of 154 Bps<\/p>\n

\u2022\u00a0EPS Stands\u00a0at \u20b9 6.76 in Q2 FY24 Vs \u20b9 0.83 in Q2 FY23, Growth of 714.46%<\/p>\n

H1 FY24:<\/p>\n

\u2022\u00a0Total Revenue Stands at \u20b9 773.38 Crore in H1 FY24 Vs \u20b9 617.05 Crore in H1 FY23, Growth of 25.33%<\/p>\n

\u2022\u00a0EBITDA Stands at \u20b9 35.60 Crore in H1 FY24 Vs \u20b9 13.08 Crore in H1 FY23, Growth of 172.06%<\/p>\n

\u2022\u00a0EBITDA Margin Stands at 4.60% in H1 FY24 Vs 2.12% in H1 FY23, Growth of 248 Bps<\/p>\n

\u2022\u00a0PAT Stands at \u20b9 17.94 Crore in H1 FY24 Vs \u20b9 6.18 Crore in H1 FY23, Growth of 190.10%<\/p>\n

\u2022\u00a0PAT Margin Stands at 2.32% in H1 FY24 Vs 1.00% in H1 FY23, Growth of 132 Bps<\/p>\n

\u2022\u00a0EPS Stands at \u20b9 16.70 in H1 FY24 Vs \u20b9 5.76 in H1 FY23, Growth of 714.46%<\/p>\n

Speaking on the occasion\u00a0Mr. Mangesh Chauhan, Managing Director and Chief Financial Officer of Sky Gold Limited\u00a0said\u00a0\u201cDuring the eventful Q2 FY24, Sky Gold Limited successfully transitioned to our new\u00a081,000\u00a0Sqft manufacturing facility in Navi Mumbai\u00a0from 18,000\u00a0sqft facility in Mulund, boasting a processing capacity\u00a0to\u00a0750\u00a0Kg of gold per month. Our Q2 performance has been highly encouraging, evident in our robust financial results. We\u2019re particularly pleased with the growth in revenue and profitability, accompanied by notable improvements in margins at both the EBITDA and PAT levels. These positive outcomes are attributed to enhanced operational efficiency.<\/p>\n

The move to our new facility has opened avenues for margin improvement, thanks to its state-of-the-art features, including the latest filtration equipment that aids in minimizing gold loss during the production process. In a strategic move for future expansion, we secured\u00a0\u20b999.14 Crore through preferential allotment from prominent investors such as Ashish\u00a0Kacholia, Bengal Finance & Investments Private Limited, and 16 other investors.<\/p>\n

Looking ahead to the remainder of FY24 and beyond, we are optimistic about leveraging our recent expansion, successful fundraise, strong market demand, and the commitment of our capable team. We are well-positioned to seize opportunities and deliver sustained growth.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Delhi (India), November 21: Sky Gold\u00a0Limited (BSE Code: 541967, NSE:\u00a0SKYGOLD),\u00a0one of the leading jewellery companies based in Mumbai\u00a0reported\u00a0unaudited\u00a0Financial Results for the\u00a0Q2\u00a0FY24. Key\u00a0Consolidated\u00a0Financial Highlights: Q2\u00a0FY24: \u2022\u00a0Total Revenue Stands at \u20b9 396.86 Crore in Q2 FY24 Vs \u20b9 304.11\u00a0Crore\u00a0in Q2 FY23, Growth of 30.50% \u2022\u00a0EBITDA Stands at \u20b9 16.14 Crore in Q2 FY24 Vs \u20b9 4.77 […]<\/p>\n","protected":false},"author":1,"featured_media":22189,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[627],"class_list":["post-22188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"wpmagazine_modules_lite_featured_media_urls":{"thumbnail":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/11\/1-61-150x150.jpg",150,150,true],"cvmm-medium":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/11\/1-61-300x300.jpg",300,300,true],"cvmm-medium-plus":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/11\/1-61-305x207.jpg",305,207,true],"cvmm-portrait":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/11\/1-61-400x600.jpg",400,600,true],"cvmm-medium-square":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/11\/1-61-600x600.jpg",600,600,true],"cvmm-large":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/11\/1-61-1024x900.jpg",1024,900,true],"cvmm-small":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/11\/1-61-130x95.jpg",130,95,true],"full":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/11\/1-61.jpg",1200,900,false]},"categories_names":{"2":{"name":"Business","link":"https:\/\/newstrackbhopal.com\/index.php\/category\/business\/"}},"tags_names":{"627":{"name":"business","link":"https:\/\/newstrackbhopal.com\/index.php\/tag\/business\/"}},"comments_number":"0","_links":{"self":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts\/22188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/comments?post=22188"}],"version-history":[{"count":0,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts\/22188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/media\/22189"}],"wp:attachment":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/media?parent=22188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/categories?post=22188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/tags?post=22188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}