Sky Gold Q1FY27: consolidated PAT +141% YoY to ₹105 Cr, margins expand as revenue grows 78%

Sky Gold and Diamonds' consolidated Q1 FY27 (quarter ended June 30, 2026) results: revenue ₹2,012.8 Cr, +77.9% YoY (₹1,131.2 Cr) and +5.3% QoQ (₹1,911.5 Cr); PAT ₹104.9 Cr, +140.7% YoY (₹43.6 Cr) and +15.6% QoQ (₹90.7 Cr) — matching the company's own August 9 disclosure of "PAT +141% YoY, revenue +78%." No exceptional or one-off items were reported in either the current or comparison quarters, so this is clean, comparable growth with no adjusted-vs-reported gap to reconcile. Standalone PAT grew more slowly, +85.9% YoY to ₹60.6 Cr on revenue of ₹1,440.0 Cr (+77.6% YoY); the gap versus consolidated is explained by the subsidiaries — Sparkling Chains, Starmangalsutra, Speed Bangle and UAE trading arm Sky Souk — which contributed proportionally more profit, net of ₹16.2 Cr taken out as non-controlling interest. Margins expanded on both counts. Consolidated OPM rose to 7.79% from 6.31% YoY and 7.36% QoQ; NPM rose to 5.19% from 3.84% YoY and 4.70% QoQ — consistent with management's stated shift toward an "advanced gold" business model aimed at improving cash conversion and margins. Exports (outside India) rose to ₹375.9 Cr from ₹131.7 Cr YoY, now 18.7% of consolidated revenue versus 11.6% a year ago, tracking toward the 20%-of-sales export target management set out on the Q4 FY26 call. Consolidated basic EPS was ₹6.67 versus ₹2.97 YoY and ₹5.44 QoQ. No quarter-specific street consensus estimates were found via web search — Sky Gold does not appear to carry broad quarterly-preview coverage — so vsStreet is marked unknown; broader FY27 EPS consensus (~₹24) and price targets exist but offer no quarterly bar to grade against. Against management's own framework (a 30-35% revenue CAGR target and a prior FY27 revenue guidance of ₹5,000 Cr they said they'd exceed), this quarter's ₹2,012.8 Cr consolidated revenue alone is well ahead of the pace implied, and YoY growth of 77.9% is more than double the top end of the stated CAGR range — a clear beat against the company's own guidance track. Separately, the company disclosed a post-quarter fraud loss of up to ₹10.7 Cr at subsidiary Starmangalsutra involving deepfake-enabled compromise of an employee's device — a subsequent event not reflected in this quarter's P&L but a governance/controls flag. The reporting window also included the June 9 appointment of Akash Talesara as CEO alongside formation of a governance body (TCWG), unrelated to this quarter's numbers.