Sky Gold and Diamonds Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance across both standalone and consolidated operations. The gold jewellery manufacturer reported robust growth in revenue and profitability during Q3FY26.

Standalone Financial Performance

The company's standalone operations showed impressive results for Q3FY26. Revenue from operations reached ₹1,37,570.95 lakhs compared to ₹72,972.67 lakhs in Q3FY25, representing significant year-over-year growth. Net profit for the quarter stood at ₹6,106.34 lakhs, substantially higher than ₹2,760.57 lakhs in the corresponding quarter of the previous year.

For the nine-month period ended December 31, 2025, standalone revenue from operations totaled ₹3,33,593.53 lakhs compared to ₹2,17,014.72 lakhs in the previous year. Net profit for the nine-month period reached ₹14,848.19 lakhs versus ₹8,472.08 lakhs in the corresponding period of FY25.

Consolidated Financial Results

The consolidated financial performance was even more robust, reflecting the contribution from the company's subsidiaries. Consolidated revenue from operations for Q3FY26 was ₹1,76,768.30 lakhs compared to ₹99,796.92 lakhs in Q3FY25. Consolidated net profit for the quarter reached ₹8,053.54 lakhs, significantly higher than ₹3,653.98 lakhs in the previous year's quarter.

For the nine-month period, consolidated revenue from operations was ₹4,38,337.87 lakhs compared to ₹2,48,984.48 lakhs in the previous year. Consolidated net profit for the nine months reached ₹19,111.56 lakhs versus ₹9,448.05 lakhs in FY25.

Key Operational Changes and Developments

The company implemented a significant accounting change effective April 1, 2025, switching its depreciation method from Written Down Value (WDV) to Straight Line Method (SLM) for property, plant and equipment. This change resulted in Q3FY26 depreciation expense being lower and profit before tax being higher by ₹80.40 lakhs on a standalone basis and ₹233.32 lakhs on a consolidated basis.

During the period, the company expanded its subsidiary structure through several acquisitions and formations:

• Speed Bangle Private Limited became a wholly owned subsidiary effective July 30, 2025
• Sky Souk Jewellers LLC was established as a wholly owned subsidiary effective September 4, 2025
• Shri Rishab Gold became a step-down subsidiary through a 51% partnership interest acquisition by Starmangalsutra Private Limited effective December 11, 2025

Corporate Governance and Compliance

The financial results were reviewed and recommended by the audit committee on February 9, 2026, and subsequently approved by the Board of Directors at their meeting held on the same date. The board meeting commenced at 10:50 A.M. IST and concluded at 11:55 A.M. IST. The results have been subjected to limited review by statutory auditors V J Shah & Co, who issued unmodified reports on both standalone and consolidated financial results.

The company operates in the gold jewellery manufacturing business and has no separate reportable segments under Indian Accounting Standards. As of December 31, 2025, there were no pending investor complaints, reflecting strong corporate governance practices.

Sky Gold And Diamonds has successfully completed its postal ballot process on December 13, 2025, with shareholders approving all four special resolutions with the requisite majority. The company announced the voting results in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Designation Confirmation

Following the postal ballot approval, the company has formally confirmed the change in designation of Mr. Virupaksh Kolla (DIN: 11324602) from Additional Non-Executive Independent Director to Non-Executive Independent Director, effective from October 1, 2025. This confirmation was communicated to both BSE Limited and National Stock Exchange of India Limited on December 13, 2025, pursuant to Regulation 30 of SEBI Listing Regulations.

Resolutions Approved

Shareholders voted on four critical special resolutions that will shape the company's operational and financial framework:

Voting Results and Participation

The postal ballot process demonstrated strong shareholder participation across all categories. The e-voting facility was provided by National Securities Depository Limited (NSDL), with the voting period commencing on November 14, 2025, at 09:00 AM and concluding on December 13, 2025, at 05:00 PM.

Resolution 1: Director Appointment

The appointment of Mr. Virupaksh Kolla received overwhelming support:

Other Resolutions Performance

Process and Compliance

Mr. Shivang Goyal, Proprietor of M/s. Shivang G Goyal Associates, served as the scrutinizer for the postal ballot process. He was appointed by the Board of Directors on November 13, 2025, to receive, scrutinize and process the votes. The company maintained full compliance with applicable MCA circulars and SEBI regulations throughout the process.

The cut-off date for determining eligible shareholders was November 7, 2025. The voting results and scrutinizer's report are available on the company's website at www.skygold.co.in and NSDL's e-voting portal. All relevant details pertaining to the director designation change were previously disclosed to stock exchanges during the Board Meeting held on October 1, 2025.