This stock surged 5 percent after announcing a key export order from a global client, which will enhance its revenue and business profitability. In this article, we will look at this announcement.
Price Movement
With a market capitalization of Rs 4,702 crore, the shares of Sky Gold and Diamonds Ltd made a 52-week high of Rs 488.55 per share, down by 34 percent from its current market price of Rs 320 per share. The stock has given a multibagger return of 1,322 percent over the last five years.
About the announcement
Sky Gold and Diamonds Limited, which was formerly known as Sky Gold Limited, on Friday announced that it has reached a major milestone with a recurring export order for 200 kilograms of jewelry every month from a well-known global client.
In a recent filing, the company shared that this order includes advance payments, which will help improve its cash flow and working capital. The regular nature of the order shows the strong trust the international customer has in Sky Gold’s manufacturing quality and service.
As a B2B jewellery maker, Sky Gold expects this new order to boost its business performance and bring added value to its shareholders in the coming quarters. The company also thanked its partners and investors for their continued support and promised to maintain its focus on delivering top-quality products and services.
Financial Highlights
The company reported a revenue of Rs 998 crore in Q3 FY25, up by 116 percent, from its Q3 FY24 revenue of Rs 460.4 crore. It posted a net profit of Rs 36.5 crore in Q3 FY25, up by 309 percent, from its Q3 FY24 net profit of Rs 8.9 crores and down by 0.5 percent from its Q2 FY25 net profit of Rs 36.7 crores. As of Q3 FY25, the company has a manufacturing capacity of 9 tonnes per year.
About the Company
Sky Gold and Diamonds Limited is a jewellery company that designs, manufactures, and sells a wide range of gold and silver jewellery, including rings, necklaces, bangles, earrings, and custom-made pieces. The company also handles cutting, polishing, assembling, and marketing of its products. It operates in both domestic and international markets, serving wholesalers, retailers, and showrooms.
Written by Satyajeet Mukherjee
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