Shares of Sky Gold Ltd. fell to a lower circuit of 5% on Wednesday, July 23, after the company saw some block deals take place post its June quarter results.As much as 0.5% of the company’s outstanding equity, worth ₹24 crore, changed hands in the block deal on Tuesday afternoon.
Buyers and sellers in this transaction are not officially known yet.
For the June quarter, Sky Gold reported a topline growth of 56.4% from last year to ₹1,131 crore, on a consolidated basis.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) nearly doubled from last year, growing to 91.6% to ₹71.1 crore.EBITDA margin for the quarter increased to 6.3% from 5.1% last year.
Buyers and sellers in this transaction are not officially known yet.
For the June quarter, Sky Gold reported a topline growth of 56.4% from last year to ₹1,131 crore, on a consolidated basis.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) nearly doubled from last year, growing to 91.6% to ₹71.1 crore.EBITDA margin for the quarter increased to 6.3% from 5.1% last year.
Sky Gold shares have risen 143%, 365% and 285% respectively in 2022, 2023 and 2024. The stock is now down on a year-to-date basis.
Sky Gold came into the limelight last year when it had issued nine bonus shares to its shareholders for every one share held. Promoters of the company had sold close to 5% stake in the company in June this year.
Shares of Sky Gold are trading 5% lower at ₹324.05. The stock is down 18% so far in 2025.
