Sky Gold Ltd

Sky Gold and Diamonds Limited announced its consolidated financial results for Q2 and H1 FY27. For Q2 FY27, the company reported revenue of ₹2,390.7 crore, a 61.0% increase year-on-year, and Profit After Tax (PAT) of ₹129.4 crore, up 93.2% YoY. For H1 FY27, revenue reached ₹4,403.5 crore (up 68.3% YoY), with PAT at ₹234.3 crore (up 111.9% YoY). EBITDA for Q2 FY27 was ₹189.8 crore, a 90.0% increase YoY, and for H1 FY27, it was ₹346.5 crore, up 102.3% YoY. The company also completed the acquisition of 100% stake in Purvi Gems & Jewellery for ₹9 crore.

Sky Gold and Diamonds Ltd has announced its 1st Extra-Ordinary General Meeting (EOGM) for FY 2026-27, scheduled for Wednesday, November 18, 2026, at 11:00 AM IST. The meeting will be conducted via video conferencing (VC) and other audio-visual means (OAVM). A key agenda item is the consideration and approval of raising funds through the issuance of securities. The notice, along with an explanatory statement, was dispatched electronically on October 27, 2026. The company is offering remote e-voting and e-voting facilities during the EOGM. The cut-off date for determining voting eligibility is November 11, 2026, with remote e-voting available from November 15 to November 17, 2026.

Sky Gold And Diamonds Ltd announced that its Board of Directors has approved raising funds up to ₹1,800 crore through Qualified Institutions Placements (QIP) and/or other permissible modes. This decision follows a prior intimation on October 22, 2026, and was made during a board meeting held on October 27, 2026. The company also approved its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. An Extra Ordinary General Meeting (EGM) is scheduled for November 18, 2026, to seek shareholder approval for these proposals. Mr. Shivang Goyal has been appointed as the scrutinizer for the e-voting process.

Sky Gold And Diamonds Ltd announced that its Board of Directors has approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. Additionally, the company plans to raise up to ₹1,800 crores through Qualified Institutions Placements (QIP) or other permissible modes. An Extra Ordinary General Meeting (EOGM) will be convened on November 18, 2026, to seek shareholder approval for the fundraise and other matters. The company has fixed November 11, 2026, as the cut-off date for remote e-voting.

On a consolidated basis — primary per the group's reporting, and the one management and the Street track — Sky Gold & Diamonds posted Q2 FY27 revenue of ₹2,390.66 Cr, up 61.0% YoY and 18.8% QoQ, with PAT of ₹129.35 Cr, up 93.1% YoY and 23.3% QoQ. Basic EPS rose to ₹8.26 from ₹4.38 a year ago. Standalone (parent-only) PAT was ₹85.37 Cr on revenue of ₹1,824.55 Cr — a materially smaller number than the consolidated figure, reflecting the contribution of wholly owned subsidiaries (including the UAE trading arm Sky Souk Jewellery and the studded-jewellery units) that only show up at the group level; neither number is wrong, they're simply scoped differently. Net margin expanded to 5.41% from 4.49% a year ago and 5.19% last quarter. By EBITDA (PBT + finance cost + depreciation − other income, computed consistently off this filing), operating margin also widened across the trailing three quarters, from roughly 6.4% to 7.4% to 7.9% — consistent with the advance-gold and export mix shift management has been guiding toward. The quarter absorbed a ₹7.35 Cr net exceptional charge: a deepfake-enabled social-engineering fraud at subsidiary Sturmangalsutra Pvt Ltd led to unauthorized fund transfers of ₹10.70 Cr, of which ₹3.35 Cr has been recovered via a Cyber Police complaint and the balance expensed. Stripping this one-off out, adjusted YoY PAT growth is ~104.1% against the ~93.1% reported — the one-off actually depressed the reported number, not inflated it. Going into the print, analyst consensus looked for EPS near ₹7.00 and revenue near ₹2,027 Cr; the company beat both comfortably. Against management's own FY27 guidance of ₹8,100 Cr revenue (raised from ₹5,000 Cr on the Q1 FY27 call) and a 5.25% full-year PAT margin target, H1 FY27 revenue of ₹4,403.45 Cr already covers 54% of the annual number and H1 NPM of 5.32% is running above the margin target — tracking ahead of plan with two quarters still to go. The same October 27 board meeting that approved these results also cleared a QIP fundraise of up to ₹1,800 Cr, with an EOGM called for November 18, 2026 for shareholder approval, and the quarter separately saw the company complete its 100% acquisition of Purvi Gems & Jewellery for ₹9 Cr (October 7, 2026, after quarter-end). No standalone management press release or call commentary was available for this filing to cross-check against the reported numbers. With FY27 revenue guidance already more than half covered at the halfway mark and a large capital raise now in motion, the near-term checkpoints are the QIP's pricing/dilution and whether H2 sustains this quarter's margin trajectory once the one-off item rolls off.

Sky Gold And Diamonds Ltd has announced a Board of Directors meeting scheduled for October 27, 2026. The agenda includes the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026, along with their Limited Review Reports. Additionally, the Board will evaluate a proposal for raising funds through various issuance methods, including private placement and qualified institutions placement, subject to necessary approvals. The company also plans to convene an Extraordinary General Meeting (EOGM) to seek shareholder approval for the fund-raising proposal if approved by the Board. The trading window remains closed until 48 hours after the financial results declaration.

Sky Gold and Diamonds Ltd announced a change in its internal auditor during a Board of Directors meeting held on October 16, 2026. Ms. Aasna Shah has resigned from her position as Internal Auditor due to a change in her professional responsibilities. The Board has appointed M/s Doshi Jain & Co., Chartered Accountants, as the new Internal Auditor, effective from the same date. M/s Doshi Jain & Co. is a risk advisory firm established in 2015 with extensive experience in internal audit and financial controls.

Sky Gold and Diamonds Ltd announced a change in its internal auditor. Ms. Aasna Shah has resigned from her position as Internal Auditor, effective October 16, 2026, due to a change in her professional responsibilities. The Board of Directors, based on the recommendation of the Audit Committee, has approved the appointment of M/s Doshi Jain & Co., Chartered Accountants, as the new Internal Auditor, also effective October 16, 2026. M/s Doshi Jain & Co. is a firm established in 2015 with expertise in risk-based internal audit and compliance advisory.

Sky Gold and Diamonds Ltd has successfully completed the 100% acquisition of Purvi Gems & Jewellery (India) Private Limited. This strategic move, finalized on October 7th, 2026, makes Purvi Gems & Jewellery a wholly-owned subsidiary of Sky Gold and Diamonds Ltd. The acquisition was previously proposed and communicated on September 18th, 2026, and no new details have emerged since the initial disclosure. This integration is expected to bolster Sky Gold's market presence in the gems and jewellery sector.

Sky Gold & Diamonds Ltd. has completed the acquisition of 100% equity shares of Purvi Gems & Jewellery (India) Private Limited for a cash consideration of ₹9 crores. This acquisition, valued at 1.5x Purvi Gems' book value as of March 31, 2026, is expected to drive growth, achieve scale, and diversify Sky Gold's product offerings. Purvi Gems specializes in lightweight and uncut jewellery, a segment expected to enhance Sky Gold's presence in domestic and export markets, particularly the Middle East. The acquisition is projected to unlock cross-selling opportunities and contribute to an annual revenue of ₹1,600-1,800 crore over the next two to three years. The management of Purvi Gems will continue to oversee operations, ensuring a smooth integration and continuity.