Sky Gold Q1 Results Total Revenue Up ₹723.03 Crores

Sky Gold Q1 Results: Sky Gold’s Q1 results show strong growth both year-over-year (YoY) and quarter-on-quarter (QoQ). The total revenue for the quarter ending June 2024 was ₹723.03 crores, which is a significant increase compared to ₹375.70 crores in June 2023, showing strong year-over-year (YoY) growth. When compared quarter-on-quarter (QoQ), revenue also rose from ₹537.35 crores in March 2023.

Sky Gold’s expenses also increased. Selling, general, and administrative expenses reached ₹4.79 crores in June 2024, compared to ₹2.63 crores a year ago, reflecting a rise in costs year-over-year (YoY). Depreciation and amortization expenses went up as well, reaching ₹2.05 crores in this quarter compared to ₹1.03 crores in June 2023.

Sky Gold’s Total operating expenses rose to ₹687.82 crores from ₹358.09 crores year-over-year (YoY). However, despite rising costs, Sky Gold's operating income still improved to ₹35.21 crores, up from ₹17.61 crores in June 2023, showing solid year-over-year (YoY) growth.

Sky Gold's net income also rose to ₹21.23 crores from ₹10.67 crores in June 2023, doubling its profit year-over-year (YoY). Diluted earnings per share (EPS) jumped to ₹31.94, up from ₹9.93 last year. 

Here’s a simple breakdown of Sky Gold’s Q1 Results, with comparisons to the previous quarter (Mar 2023) and the same quarter last year (Jun 2023). 

All values are in crores, except for earnings per share (EPS):

Source: Here 

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Sky Gold Q1 Results

The financial results for Sky Gold for the quarter ending June 30, 2024, provide a detailed look at their income and expenses. First, the company's revenue from operations—the money earned from their main business activities—reached Rs. 72,302.72 lakhs, a huge increase from Rs. 51,337.67 lakhs in the previous quarter and Rs. 37,569.81 lakhs in the same quarter last year. This shows that Sky Gold has been growing fast in the past year. They also earned Rs. 123.47 lakhs in other income, which includes things like interest or investments, though this is slightly lower than the last quarter.

Sky Gold’s total expenses for the quarter were Rs. 69,581.16 lakhs, which includes the cost of material consumed (Rs. 68,377.44 lakhs), employee expenses, finance costs, and other costs. Interestingly, they made some savings from changes in their inventory (finished goods and stock), which resulted in Rs. (669.12) lakhs, reducing overall costs.

Sky Gold After subtracting expenses from income, their profit before tax came to Rs. 2,845.03 lakhs, a significant improvement over both the last quarter and last year. After paying taxes of Rs. 722.18 lakhs, the company's net profit stands at Rs. 2,122.85 lakhs, which is a healthy increase from earlier periods. Their earnings per share (EPS) also rose, meaning the company's shareholders are earning more from their investments.

Here is a simplified summary of the financial results:

(Rs. in Lakhs)

Sky Gold Stock Metrics

The Sky Gold table shows important financial information about a company's stock. The market capitalization is ₹ 4,112 Crores, meaning that's the total value of all its shares. The current price of the stock is ₹ 3,011, which tells investors how much they would pay for one share. The 52-week high and low prices are ₹ 3,189 and ₹ 561, showing the stock's highest and lowest prices over the past year. The Price-to-Earnings (P/E) ratio is 80.6, indicating how much investors are willing to pay for each unit of earnings.

Here's the financial information presented in a table format:

Quarterly Results 

In December 2023, Sky Gold had sales of Rs. 460 crores and net profit of Rs. 9 crores, with an operating profit margin of 4%. By March 2024, sales increased to Rs. 513 crores, and net profit rose to Rs. 14 crores, reflecting better efficiency with a higher operating profit margin of 5%. In June 2024, the company's performance improved further, achieving Rs. 723 crores in sales and a net profit of Rs. 21 crores, demonstrating strong growth and effective management of expenses and profits.

Here is the table for the specified quarters (Dec 2023, Mar 2024, and Jun 2024) with the particulars:

About Sky Gold 

Sky Gold is a luxurious brand that focuses on beauty and artistry. It offers a special collection of items that showcase elegance and uniqueness. The brand celebrates individual style, allowing customers to express themselves through beautiful designs. Each product in the Sky Gold collection is made with high-quality materials, ensuring that they look and feel amazing.

The brand aims to create a magical experience for anyone who explores its offerings, making it a perfect choice for those who appreciate sophistication and want to add a touch of luxury to their lives. Discover the world of Sky Gold and indulge in its beauty.