Shares of Sky Gold Ltd. gained as much as 4% to hit the day’s high after the company reported a sharp jump in its September-quarter earnings, before paring gains to trade 8% lower from the intraday high.The jewellery manufacturer’s net profit rose 81% year-on-year to ₹67 crore, compared with ₹37 crore in the same period last year.
Revenue nearly doubled, climbing 93% to ₹1,484 crore from ₹768 crore a year ago.
Operating performance also strengthened, with EBITDA rising to ₹100.4 crore from ₹38.2 crore last year. EBITDA margin expanded to 6.8% from 5%, reflecting improved operational efficiency.
Following the strong results, shares of Sky Gold were trading 4.4% higher at ₹368.55, hitting the day’s high in early trade.
