India · Delayed Price · Currency is INR Sky Gold and Diamonds Earnings Call Transcripts
Fiscal Year 2026
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Strong Q3 and nine-month FY 2026 results featured margin expansion, improved working capital, and robust guidance for 30%-35% revenue CAGR through FY 2030, with a focus on internal cash generation and no planned equity dilution. Value-added products now exceed 50% of revenue.
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Record revenue and PAT growth driven by strong domestic and export demand, margin expansion, and new client acquisitions. Guidance maintained for FY26 and FY27, with exports and advance gold business set to increase. Capex for new facility to be funded by internal accruals.
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Q1 FY26 saw 56% revenue growth and margin expansion, driven by higher advanced gold and 18 karat sales, new client additions, and export growth. Guidance remains strong with further margin improvement expected as Gold Metal Loans and the advance gold model scale up.
Fiscal Year 2025
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Strong growth in FY 2025 driven by export expansion, advanced gold, and new corporate clients. Margins and working capital efficiency are improving, with ambitious revenue and export targets for FY 2027.
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Q3 FY25 saw record revenue and profit growth, driven by new client wins and expansion into diamond segments. FY26 and FY27 revenue guidance was raised, with margins and cash flow expected to improve as more clients provide bullion and exports rise.
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Record Q2 FY25 revenue and PAT growth driven by strong festive and wedding demand, with robust guidance for FY25 and FY27. Subsidiaries and exports are set to contribute more, while capital infusion and new client wins support expansion.
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Q1 FY25 delivered 92% revenue growth and doubled PAT year-over-year, driven by higher capacity utilization, strong export growth, and strategic acquisitions. Guidance for FY25 is INR 3,300-3,400 crore revenue and 3.5% PAT margin, with continued focus on corporate clients and margin expansion.