Date: 27th October 2026

Financial Performance Summary

Q2 FY27 Consolidated Results (YoY Comparison)

  • Revenue: ₹2,390.7 crore vs ₹1,484.5 crore in Q2 FY26 (+61.0%)
  • EBITDA: ₹189.8 crore vs ₹99.9 crore in Q2 FY26 (+90.0%)
  • EBITDA Margin: 7.94% vs 6.7% in Q2 FY26 (+121 basis points)
  • Reported PBT: ₹166.0 crore vs ₹87.9 crore in Q2 FY26 (+88.9%)
  • Reported PBT Margin: 6.94% vs 5.9% in Q2 FY26 (+102 basis points)
  • Reported PAT: ₹129.4 crore vs ₹67.0 crore in Q2 FY26 (+93.2%)
  • PAT Margin: 5.4% vs 4.5% in Q2 FY26 (+89 basis points)
  • Operational PBT: ₹173.4 crore vs ₹87.9 crore in Q2 FY26 (+97.3%)
  • Operational PBT Margin: 7.25% vs 5.9% in Q2 FY26 (+133 basis points)
  • Operational PAT: ₹138.56 crore vs ₹67.0 crore in Q2 FY26 (+106.8%)
  • Operational PAT Margin: 5.8% vs 4.5% in Q2 FY26 (+129 basis points)

Q2 FY27 Consolidated Results (QoQ Comparison)

  • Revenue: ₹2,390.7 crore vs ₹2,012.8 crore in Q1 FY27 (+18.8%)
  • EBITDA: ₹189.8 crore vs ₹156.7 crore in Q1 FY27 (+21.1%)
  • EBITDA Margin: 7.94% vs 7.8% in Q1 FY27 (+14 basis points)
  • Reported PBT: ₹166.0 crore vs ₹134.8 crore in Q1 FY27 (+23.1%)
  • Reported PBT Margin: 6.94% vs 6.7% in Q1 FY27 (+24 basis points)
  • Reported PAT: ₹129.4 crore vs ₹104.9 crore in Q1 FY27 (+23.4%)
  • PAT Margin: 5.4% vs 5.2% in Q1 FY27 (+20 basis points)
  • Operational PBT: ₹173.4 crore vs ₹134.8 crore in Q1 FY27 (+28.6%)
  • Operational PBT Margin: 7.25% vs 6.7% in Q1 FY27 (+55 basis points)
  • Operational PAT: ₹138.56 crore vs ₹104.9 crore in Q1 FY27 (+32.1%)
  • Operational PAT Margin: 5.8% vs 5.2% in Q1 FY27 (+20 basis points)

H1 FY27 Consolidated Results (YoY Comparison)

  • Revenue: ₹4,403.5 crore vs ₹2,615.7 crore in H1 FY26 (+68.3%)
  • EBITDA: ₹346.5 crore vs ₹171.3 crore in H1 FY26 (+102.3%)
  • EBITDA Margin: 7.87% vs 6.5% in H1 FY26 (+132 basis points)
  • Reported PBT: ₹300.8 crore vs ₹146.8 crore in H1 FY26 (+105.0%)
  • Reported PBT Margin: 6.83% vs 5.6% in H1 FY26 (+122 basis points)
  • Reported PAT: ₹234.3 crore vs ₹110.6 crore in H1 FY26 (+111.9%)
  • PAT Margin: 5.3% vs 4.2% in H1 FY26 (+109 basis points)
  • Operational PBT: ₹308.2 crore vs ₹146.8 crore in H1 FY26 (+110.0%)
  • Operational PBT Margin: 7.00% vs 5.6% in H1 FY26 (+139 basis points)
  • Operational PAT: ₹234.5 crore vs ₹110.6 crore in H1 FY26 (+120.2%)
  • Operational PAT Margin: 5.5% vs 4.2% in H1 FY26 (+127 basis points)

Cash Flow Performance

  • Cash Flow from Operations for H1 FY27: ₹136.7 crore
  • Cash Flow from Operations for H1 FY26: (₹100.9) crore (negative)
  • CFO/EBITDA ratio for H1 FY27: 39%
  • The company noted that the 39% CFO/EBITDA ratio exceeded their earlier guidance of 20%

Corporate Development

  • On October 7, 2026, the Board approved completion of acquisition of 100% stake in Purvi Gems & Jewellery (India) Private Limited
  • Total cash consideration for the acquisition: ₹9 crore

Management Commentary

Mr. Mangesh Chauhan, Managing Director, commented: "For the half year ended September 30, 2026, the Company reported consolidated revenue of ₹4,403.5 crore, EBITDA of ₹346.5 crore and profit after tax of ₹234.3 crore. For the quarter ended September 30, 2026, consolidated revenue was ₹2,390.7 crore, EBITDA was ₹189.8 crore and profit after tax was ₹129.4 crore."

Company Background

Sky Gold and Diamonds Limited is a B2B jewellery manufacturer specializing in lightweight, design-led and studded jewellery. Established in 2008 and headquartered in Mumbai, the company was formerly known as Sky Gold Limited.

Note on Financial Metrics

Operational PAT/PBT is defined as reported PBT/PAT less non-operational income (which is part of other income in financials). All figures are in ₹ crore unless otherwise stated.