This Ace Investor Ashish Kacholia stock which deals in the business of manufacturing, designing, and gold jewellery marketing hit a 5 percent upper circuit after reporting a net profit growth of 309 percent year on year.
Price Movement
Sky Gold Limited‘s stock in Monday’s session touched a day’s high of Rs. 347.35 per share up by 5 percent. The stock stayed in the upper circuit limit which is 5 percent higher than the previous closing price of Rs. 330.85. The stock has delivered a return of around 215 percent in the past year and has outperformed the Nifty Index in the same period.
Financial Performance
Their Q3FY25 results show revenue from operations of Rs. 997.96 crore which increased by 116.74 percent year on year, from Rs. 460.44 crore in Q3FY24 and a 29.80 percent increase from Rs. 768.84 crore in Q2FY25. Their net profit increased by 309.07 percent year on year, from Rs. 8.93 crores in Q3FY24 to Rs. 36.53 crores in Q3FY25. Quarterly, the profits declined by 0.46 percent from Rs. 36.71 crore.
Business Segments
As per the recent December 2024 results, the company recognizes its revenue from Gold Jewellery Manufacturing as a sole segment.
Ace Investor Stake
As of December 2024, Ace Investor Ashish Kacholia’s Bengal Investments and Finance as per sources holds around 1.73 percent.
Guidance
The company has provided a revenue guidance of Rs. 3,300 crore which includes Rs. 2,700 crore from core operations and the remaining Rs. 600 crore from its subsidiaries for FY25. As of H1FY25, the volume guidance was around 350 kgs per month and it is expected to reach around 750 kgs per month by FY27. The volume is expected to reach around 550 to 600 kgs per month by FY26.
Further, the gross margin for FY25 is expected to be around 6.5 percent on a conservative basis and EBITDA to be around 5 to 5.5 percent.
Company Overview
Sky Gold Limited was established in 2008. They specialize in designing and manufacturing gold jewelry while offering a diverse range of products including necklaces, customized pieces, and rings while catering to various market segments.
Written by Santhosh S
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