Sky Gold Ltd Q4 net profit jumps 48 percent to Rs 6 crore

By

Maverick Martins

Published
May 19, 2023

Mumbai-based jeweller Sky Gold Ltd witnessed a 56 percent rise in net profit to Rs 6 crore ($7,24,957) for the fourth quarter ended March, as against Rs 3 crore in the year-ago period.

The company’s total income for the quarter rose by 25 percent to Rs 270 crore, as against Rs 215 crore reported in the corresponding period of the previous fiscal year.

For the financial year, the company posted a net profit of Rs 18 crore and revenue of Rs 1,154 crore.
Commenting on the results, Mangesh Chauhan, managing director of Sky Gold Limited in a statement said, “This year has been unequivocally the most exceptional in our company’s history as we have surpassed the monumental milestone of Rs 1,000 crore in turnover. It is an extraordinary moment that exemplifies the unwavering faith our customers place in our work.”

“We firmly believe in the continuation of this growth trajectory as we relentlessly focus on innovating new designs and steadfastly satisfying the evolving needs of our esteemed customers. Our commitment to excellence remains resolute, and we are confident in our ability to achieve even greater success in the future,” he added.

Founded in 2008, Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing of gold jewellery.