Sky Gold FY26 net profit rises 112%, targets net debt-free by FY30
Sky Gold reported a 112.4% rise in FY26 net profit to ₹281.8 crore and revenue growth of 77.4% to ₹6,294.9 crore. The company targets a net debt-free status by FY30 and a PAT of ₹945 crore by 2030, supported by a 30-35% revenue CAGR.

*this image is generated using AI for illustrative purposes only.
Sky Gold and Diamonds Limited reported a 112.4% increase in consolidated net profit to ₹281.8 crore for the financial year ended March 31, 2026, compared to ₹132.7 crore in the previous year. Revenue from operations for FY26 surged 77.4% to ₹6,294.9 crore from ₹3,548 crore year-on-year. For the fourth quarter, net profit rose 137.4% to ₹90.7 crore from ₹38.2 crore in the same period last year, while revenue increased 80.6% to ₹1,911.5 crore from ₹1,058.2 crore. The company aims to achieve a net debt-free balance sheet by FY30, targeting a PAT of ₹945 crore by 2030 driven by a sustainable revenue CAGR of 30% to 35%.
FY26 and Q4 Financial Performance
The company’s Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors issued an unmodified opinion on the results. The following table summarises the consolidated performance for the year and quarter:
| Metric | FY26 | FY25 | Change (YoY) | Q4 FY26 | Q4 FY25 | Change (YoY) |
|---|---|---|---|---|---|---|
| Net Profit | ₹281.8 Cr | ₹132.7 Cr | +112.4% | ₹90.7 Cr | ₹38.2 Cr | +137.4% |
| Revenue | ₹6,294.9 Cr | ₹3,548 Cr | +77.4% | ₹1,911.5 Cr | ₹1,058.2 Cr | +80.6% |
| EBITDA | ₹434.3 Cr | ₹196.4 Cr | +121.1% | ₹140.7 Cr | ₹63.0 Cr | +123.3% |
| EBITDA Margin | 6.90% | 5.50% | 140bps | 7.4% | 6.0% | 140bps |
| Basic EPS | ₹18.07 | ₹9.52 | +89.8% | ₹5.44 | ₹2.60 | +109.2% |
Strategic Guidance and Capital Allocation
Management outlined a strategic roadmap targeting a PAT of ₹945 crore by 2030, driven by a sustainable revenue CAGR of 30% to 35%. The company aims to achieve a net debt-free balance sheet by FY30, with a significant reduction of over 50% in net debt planned for FY27 through land monetization and operational improvements. The Board appointed M S K A & Associates LLP as Statutory Auditors to strengthen corporate governance and approved the re-appointment of Ms. Aasna Shah as the Internal Auditor for FY26-27.
Operational Highlights and Governance
The company significantly improved its Cash Flow from Operations to negative ₹45 crore in FY26 from negative ₹272 crore in FY25 and targets positive CFO of ~₹180–225 crore in FY27. India Ratings upgraded Sky Gold’s credit rating to IND A/Stable / IND A1, supported by improving profitability and liquidity. The company also introduced an ESOP programme for eligible employees. Management announced the elevation of Akash Talesara to the role of CEO, subject to Board approval, to drive the next phase of expansion.
Conference Call Details
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the Earnings Conference Call held on May 28, 2026, is available on the company's website. The call discussed the audited standalone and consolidated financial results and operations for the quarter and year ended March 31, 2026. The transcript of the conference call will be intimated to the stock exchanges subsequently and published on the company's website.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE01IU01018/090f19f54d3a4048.pdf
Historical Stock Returns for Sky Gold And Diamonds
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.86% | -10.80% | +0.89% | +60.28% | +36.67% | +126.63% |
What specific operational strategies will be implemented to sustain the projected 30-35% revenue CAGR over the next four years?
How will the planned land monetization in FY27 impact the company's core asset base and long-term operational capacity?
What capital expenditure or margin expansion initiatives are required to bridge the gap between the current FY26 PAT and the FY30 target of ₹945 crore?


































